This fabulous corner site in Olde Town Arvada is a rare gem with outstanding development potential. Current zoning is R-13 Residential, allowing up to 13 units per acre. The site could potentially accommodate approximately five multifamily units, or it presents an exceptional opportunity to build a custom single-family residence in a highly desirable location. You might also consider purchasing the adjacent property to the north 5215 Allison St with this lot , creating an assemblage totaling just under one acre in the heart of Olde Town Arvada. This premier location is just moments from the shops, restaurant district, nightlife, entertainment, and all the charm that Olde Town Arvada has to offer. With the larger combined site, there may be potential to pursue a rezoning to R-24 for higher-density development. Any future density increase would require a rezoning application and an amendment to the City’s Comprehensive Plan. The City of Arvada is currently in the process of updating its Comprehensive Plan, making this an exciting opportunity for investors, builders, and developers looking toward the future.

Source: REColorado MLS, MLS#: 9006946