Located on the highly desirable South Jackson Street in Observatory Park, this property presents a rare opportunity to create something truly exceptional in one of Denver’s most sought-after neighborhoods. Set on a substantial 20,600-square-foot (.47-acre) lot, this parcel provides numerous options for the owner-occupant, investor, or builder alike. The lot size offers plenty of flexibility and potential: whether looking to build a new luxury single-family residence with an accessory dwelling unit (ADU), divide the lot and build two residences, or renovate the current home, subject to city approval. The existing single-level 2,606-square-foot brick ranch features three bedrooms, two bathrooms, a west-facing living room with a fireplace, a spacious flex or recreation room with sliding doors to the backyard, abundant storage, and an attached two-car garage—providing a solid foundation for renovation or expansion. For those seeking a full remodel while expanding the existing home, a full set of architectural plans is available for a thoughtfully designed 4,000-square-foot, single-level luxury residence, with plans already submitted and currently in the permitting process with the City of Denver, offering a significant time and cost advantage. Additionally, the oversized lot offers potential for subdivision and the construction of two residences (subject to city approval), creating an appealing opportunity for developers, investors, or owner-occupants seeking supplemental income. Ideally situated near the University of Denver, bordering University Park, Observatory Park, and nearby Wellshire. With easy access to major routes, shopping, dining, and everyday amenities, and located within the highly desirable Merrill Middle School boundary, this property represents a compelling opportunity with truly exceptional potential. Buyer to verify all building, zoning, and ADU requirements with the City of Denver.