2700 Palmer Avenue, Glenwood Springs, CO 81601 (MLS# 161206)

2700 Palmer Avenue, Glenwood Springs, CO 81601

$2,300,000

Property Type: RES Vacant Land Lot Size (sq. ft.): 277,477 Status: Closed

Current Price: $2,300,000 List Date: 9/05/2019 Last Modified: 9/04/2024

Overview

Description

Incredible opportunity to own one of the last major multifamily development sites in Glenwood Springs. 7 acres of flat land ideally situated between Walmart and the RFTA Bus Station. Currently approved for 79 apartments, RH (Residential High Density) zoning allows for more units and additional phases. This is a turn key site ready for permit submission and construction this Fall!

Listing Details MLS# 161206

Location Info

Type: Multi-Family Lot
Sub-Type: N/A
Major Area: Glenwood Springs
Area: 09-South of Glenwood
Original List Price: 2395000
Asking Price: 3395000
Street #: 2700
Street Name: Palmer
Street Suffix: Avenue
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601

Keywords Info

Acreage: 5.1 - 10

Listing Info

Short Sale: No
REO: No
Foreclosure: No
Auction: No
Member Association: Aspen Association

General Info

List Price Per/Acre: 532967
Sold Price Per/Acre: 361067
Sub/Loc: None
Legal: Section: 15 Township: 6 Range: 89 Subdivision: OAKHURST SUB. Block: 3 Lot: 0 ALL OF BLK 3
Lot SqFt: 277477
Nbr of Acres: 6.37
County: Garfield
Zoning: RH
FAR: No
Sold Price Per/SF: 8.29
Orig List Price Per/SF: 8.63
Parcel #: 218515302008
Directions: Located at the intersection of Blake Street and Palmer Avenue, North of the Walmart parking lot.
Asking Price Per/SF: 12.24

Financing Info

Metro Tax District: No
Taxes: 10000
Tax Year: 2018
Transfer Tax: No
HOA Dues Y/N: No
Association Fee Frequency: Annually

Status Change Info

Under Contract Date: 2019-10-17
Proposed Close Date: 2019-11-29
Sold Date: 2020-01-06
How Sold: Cash

More Information

Remarks

Public Remarks: Incredible opportunity to own one of the last major multifamily development sites in Glenwood Springs. 7 acres of flat land ideally situated between Walmart and the RFTA Bus Station. Currently approved for 79 apartments, RH (Residential High Density) zoning allows for more units and additional phases. This is a turn key site ready for permit submission and construction this Fall!

Possible Use

Apartment: Yes
Multi-Family: Yes

Gas

Available: Yes

Property Features

Possible Use: Apartment; Multi-Family Gas: Available

Listing Office: Aspect Realty LLC

Last Updated: September - 04 - 2024

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