SUBDIVIDE AND DEVELOP: Prime Double Lot in Desirable Neighborhood – A Developer’s Dream! Amazing development opportunity to subdivide a 14,400 square foot corner lot in the highly sought after University Hills neighborhood. This lot is 130 feet by 111 feet on an amazing tree lined block with breathtaking mountain views ideal for a developer looking to scrape and redevelop. There is a significant amount of $2 million dollar new custom home construction activity going on all around this property. The property has mature trees. This location offers close proximity to I-25 and the Yale light rail station. It is one block to Eisenhower Park, the Highline Canal and Wellshire Golf Course and the many shops, restaurants and grocery stores along Colorado Blvd. Excellent access to public transportation and major highways, enhancing the appeal for future residents. The property currently has a home on the property

INVESTMENT INCOME/USE OPTIONS: This property offers multiple, compelling income strategies—short term and long term. For developers, the highest upside is a scrape and redevelopment following subdivision, consistent with surrounding $2M+ new construction activity.

For investors or owner-occupants, the existing improvements create immediate flexibility. The 900+ sq ft detached garage with its own driveway is well-positioned for conversion to an ADU (subject to city approval), enabling two independent rental units on one site. Options include:
– Live-in + income: Occupy the main residence and convert the garage to an ADU for supplemental rental income.
– Dual-rental strategy: Rent both the main house and the ADU to separate tenants for enhanced cash flow and an attractive cap rate.
This is a rare asset that works today as an income-producing property while preserving significant future redevelopment upside.

Schools: Proximity to acclaimed public and private schools
Recreation: Close to city parks, walking trails, and recreational facilities