3420 W 5th Ave Denver, CO 80204
Barnum NeighborhoodEstimated payment $819/month
Highlights
- No HOA
- Level Lot
- 2-minute walk to Barnum Park
- Development of the land is complete
About This Lot
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.
Listing Agent
LIV Sotheby's International Realty Brokerage Email: mmetzler@livsothebysrealty.com,720-284-4169 License #100103120
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,456
Year Built
- 1906
Lot Details
- 1,500 Sq Ft Lot
- Level Lot
- Development of the land is complete
- Property is zoned E-SU-D1X
Parking
- 2 Parking Spaces
Utilities
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Pt Barnum Sub Subdivision
Listing and Financial Details
- Exclusions: Seller's personal property
- Assessor Parcel Number 5083-11-002
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,488 | $18,790 | $1,950 | $16,840 |
| 2023 | $1,456 | $18,790 | $1,950 | $16,840 |
| 2022 | $1,344 | $16,900 | $1,290 | $15,610 |
| 2021 | $764 | $17,390 | $1,330 | $16,060 |
| 2020 | $602 | $15,260 | $1,080 | $14,180 |
| 2019 | $585 | $15,260 | $1,080 | $14,180 |
| 2018 | $359 | $9,270 | $1,010 | $8,260 |
| 2017 | $358 | $9,270 | $1,010 | $8,260 |
| 2016 | $290 | $7,110 | $836 | $6,274 |
| 2015 | $278 | $7,110 | $836 | $6,274 |
| 2014 | $191 | $4,600 | $557 | $4,043 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/07/2025 03/07/25 | For Sale | $125,000 | -- | -- |
Source: REcolorado®
MLS Number: 3776601
APN: 5083-11-002
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