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William Watson

bill@watsonrg.com +1(720) 463-0002

$2,000,000

Est. payment - /mo

3 Beds

1 Bath

1,582 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,582 sqft

Price per Sqft $1,264

Subdivision Maxfield

MLS Listing ID IR1036287

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1947

Lot Size 1.586 Acres

Acres 1.59

Property Sub-Type Single Family Residence

Property Description

Incredible In-Fill Development or Redevelopment Opportunity located less than a 1/2 mile from the Colorado State University campus near Prospect & Shields. This expansive 1.59 acre parcel is perched nicely on a gradually sloping lot that would offer some really great mountain views to the West (if 2 story), possibly even walk out or garden level units. Abutting a natural canal area to the West, it offers a roomy and calming natural area feel. Also abuts a school to the North of the Property, ideal for new townhomes or condos in this great near CSU location. Quick sketch concept plans shows that up to 19 townhomes could be built here on this single lot! Would be a great Townhome resale product offering, or you could build out this project and lease the units to Undergrad and Graduate students at CSU, a need that had not been met or delivered for many years! Please contact Broker for an introduction to a local architect that has additional information on the current LMN zoning, potential land uses, and development potential here. Plenty of space for 1 and even 2 car garages and very good sized dwelling units to meet the market. Other product types and offerings could potentially also be developed here as well. Existing ~1,500 sqft adobe style home currently exists on the property that was built in 1947 and has several uses that could contribute additional value; use it as additional unit(s), make it a common amenity clubhouse, or make it an outlot and keep the home that is worth ~$650K+ stand alone. Also includes 3 detached garage/shop/outbuildings (1,157 sqft total) that are 21' x 20', 20' x 10', & 28' X 17'. Builders and Developers might consider a modern Santa Fe, or Modern Adobe concept to the project to complement the existing house? Additional land parcels could possibly be added to the West (PLEASE CONTACT BROKER WHO IS WORKING ON THAT), possibly increasing the total size of this potential project too! (No guarantees of this express nor implied)

Location

State CO

County Larimer

Zoning LMN

Rooms

Basement None

Interior

Heating Forced Air

Flooring Wood

Appliance Dishwasher, Oven, Refrigerator

Exterior

Garage Spaces 3.0

Fence Partial

Utilities Available Electricity Available, Natural Gas Available

Waterfront Description Public

View Mountain(s)

Roof Type Other

Porch Patio

Private Pool No

Building

Story One

Sewer Public Sewer

Water Public

Schools

School District Elementary: Poudre R-1, High: Poudre R-1

Others

Tax ID R0087866

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Listed byFort Collins Real Estate, LLC

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"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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1304 W Prospect RD Fort Collins, CO 80526