3420 W 5th Avenue
Denver, CO 80204
- – beds
- – baths
- – sqft
- 1,500 sqft lot
- 20 days on site
Profitable Investment Opportunity in Denver’s Thriving Barnum Neighborhood! This 1,500 sq. ft. lot presents an excellent opportunity for redevelopment in a rapidly revitalizing area. Surrounded by properties valued at $500K+, this lot is ideal for a scrape-and-build project or other investment opportunities. • Zoning & Development Potential: The seller is obtaining an official zoning letter from the city to confirm permitted uses. Previously home to an Accessory Dwelling Unit (ADU), the lot may allow for additional development options beyond an ADU. • Ideal for 1031 Exchange: A great option for investors seeking a 1031 exchange, with strong potential for residential income development in a growing neighborhood. • Prime Location: Walkable to Barnum Park, close to Barnum Recreation Center and the bike park, with convenient access to shopping, dining, public transportation and major roadways. • Land Sale Opportunity: The existing structure is likely beyond repair, making this best suited for redevelopment rather than a rehab investment. Zoning letter has been obtained. Notes from City Planner in Denver: The primary structure is not an ADU as this is its own zone lot. Yes the zone district lists a 6,000 SF minimum, but since the primary structure was built before zoning code, it is on a Non-conforming zone lot. Use and development of Non-conforming zone lots is covered in DZC 12.10.3.4. Buyers can scrape and rebuild, it would not be to the ADU form standard. It would be required that they develop it under E-SU-Dx zoning regulations, and the Suburban House form standard is the only form allowed for a small non-conforming zone lot. Don’t miss this chance to capitalize on Barnum’s ongoing transformation! Contact us for zoning details, land use possibilities, and 1031 exchange eligibility.
Last checked:
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Last updated Mar 7, 2025
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MLS# 3776601 —
This property is listed in more than one place. See it here.
Location
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Latitude:39.72413932
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Longitude:-105.03271429
The Property
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Property Type:Land
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Property Subtype:Improved Land
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Parcel Number:5083-11-002
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Zoning:E-SU-D1X
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Lot Features:Level
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Lot Size Area:1500
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Lot Size Acres:0.03
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Lot Size SqFt:1500
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Lot Size Units:Square Feet
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Exclusions:Seller's personal property
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (720) 284-4169
- Office phone:
- (303) 893-3200
Taxes
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Tax Year:2023
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Tax Annual Amount:1456
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Tax Legal Description:EAST OR REAR 30FT OF L 1 & 2 BLK 99 P T BARNUMS SUB
Utilities
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Utilities:Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected
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Sewer:Public Sewer
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Water Included:Yes
Schools
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Elementary School District:Denver 1
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Middle Or Junior School District:Denver 1
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High School District:Denver 1
The Community
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Subdivision Name:PT Barnum Sub
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Association:false
Parking
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Parking Total:2
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Attached Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
