Lakewood Land Property for Sale – 7025 W 20th Avenue, Lakewood, CO 80214
Lakewood Land Property for Sale – 7025 W 20th Avenue, Lakewood, CO 80214
In comparison to listing #7329361 at 8470 W. 20th Ave, which is offered at the same price, this vacant lot provides the opportunity to construct two units. Situated just 1 mile from Sloan’s Lake and Edgewater Public Market & Shopping, the R2 zoning and City of Lakewood’s regulations allow for the construction of two single-family, stand-alone houses or the option to build a duplex. The adjacent property at 7031 West 20th Ave is also available for sale, offering the chance to build three single-family homes or invest in the existing remodeled home.
The vacant lot outlined in red indicates the potential to build 2 units, marked as ‘3’ and ‘4’. Additionally, the yellow lot, Lots 1 & 2 at 7031 W. 20th Ave (MLS# 6234571), is available for sale at $599,900, including a single-family home and a buildable single-family lot on the north part of the property. According to R2 zoning and a City of Lakewood communication dated 11/15/2023, you are allowed to build 2 single-family standalone houses through a simple legal process to ‘condominiumize’ the lot.
An adjacent property, 7051 W. 20th Ave, sold for approximately $862,500 on 6/23/2023, despite its relatively small size. Building two homes would provide city views for unit ‘3’ due to a secluded wooded area in the back and separation from Geneva Court to the north, thanks to a public water ditch and green space. Moreover, constructing a walk-out basement can enhance the value and functionality of the property because of its perfect slope for a natural build-out. As an alternative to two standalone homes, building a duplex is also an option, similar to the neighbor directly west on 2020 Teller Street. This property sold for $1,100,000 on 6/02/2023 at $369 per square foot, despite it showing as expired— you may want to verify this with Realist/Public Record.
Lakewood Land Property for Sale – 7025 W 20th Avenue, Lakewood, CO 80214
Act now and seize this amazing chance to acquire the neighboring property at 7031 West 20th Ave and build three separate single-family residences. Additionally, you will have the option to purchase the fully renovated existing home and reside in it while developing the new properties. This home includes 2 kitchens, 2 washer/dryers, 2 living spaces, and 2 baths, offering various possibilities. Once completed, you can opt to sell three homes and have one entirely paid off, or retain one as an investment property – the decision is in your hands! This exceptional opportunity is time-sensitive, so take quick action!
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