$545,000

Lot 2(TBD) Wilson Ave Olathe, CO 81425

Estimated payment $3,397/month

Total Views 71
2.27 Acres
$240,088 Price per Acre
98,881 Sq Ft Lot

Highlights

  • Mountain View
  • Foothills
  • Level Lot
  • Cul-De-Sac
  • Partially Fenced Property

About This Lot

Prime Investment Opportunity in Western Colorado's Opportunity Zone! This 2.27-acre parcel in the heart of Western Colorado offers a rare opportunity for investors looking to capitalize on the tax incentives and long-term growth of an Opportunity Zone. Located adjacent to Olathe School and the football stadium, this property is ideally positioned for a high-demand residential development with broad zoning flexibility. Zoned for residential use, the possibilities are nearly endless—whether you're envisioning multi-family units, duplexes, or even an entire residential neighborhood. With zoning that allows buildings up to 35 feet in height, you can maximize the space with 3-story buildings, capturing stunning mountain views to the south. Key features include: Utilities to the property or nearby Roads on the west and south sides for efficient access and reduced development costs Completed soil testing and a newly finished topographic survey, streamlining the development process The seller has already designed plans for 8-plex apartment buildings, making this a plug-and-play opportunity to build in phases and scale up. Whether your vision includes affordable housing, condos, senior living, or single-family patio homes, this property checks all the boxes for an investor looking to maximize returns while meeting the growing housing demands in Western Colorado. Lock in a secure investment that not only generates income but also qualifies for favorable tax treatment through the Opportunity Zone. This is your chance to shape the future of housing in this fast-growing region—come see the potential for yourself!

Listing Agent

Todd Schroedel

United Country Sneffels Realty Listed on: 10/21/2024

United Country Sneffels Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,119

Lot Details

  • 2.27 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Property is zoned Residential Multi Family

Property Views

  • Mountain
  • Valley

Schools

  • Olathe K-5 Elementary School
  • Olathe 6-8 Middle School
  • Olathe 9-12 High School

Utilities

  • Phone Available

Community Details

  • Foothills

Listing and Financial Details

  • Security Deposit $15,000
  • Assessor Parcel Number 372310400028

Property Details

Property Type

Land

Est. Annual Taxes

$5,119

Lot Details

0

Listing Details

  • Class: Land
  • Elevation: 5355
  • Em Holder: Land Title
  • Fronts: 2nd-Wilson-Highway
  • Legal Lot Block: See Agent for Legal Description. Parcel 2 only.
  • Lot Dimension: 411x261 M/L
  • Lot Size Acreage: 1-5 Acres
  • Parcel Id Number: 372310400028
  • Property Description: Cul-De-Sac, Foothills, Corners Marked, Boundaries Surveyed
  • Street Descriptionaccess: City/Town, Gravel
  • Street Designation: Avenue
  • Zoning: Residential Multi Family, Residential Single Family
  • Domestic Sewer: Central, Sewer Tap Available
  • Domestic Water: Tap Available, Public
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 2.27
  • Em Deposit: 15000
  • Possible Property Use: Residential Single Family, Dry Land
  • Mineral Rights: Unknown
  • Price Acre: 240088.11
  • Topography: Level, Sloped
  • Modularmobile Allow: Both
  • Price per Sq Ft: 5.51
  • Sewer Tap Avail: Yes
  • Water Tap Available: Yes
  • Total Taxes Dollar: 5119.12
  • Prop Description Remarks: Prime Investment Opportunity in Western Colorado's Opportunity Zone! This 2.27-acre parcel in the heart of Western Colorado offers a rare opportunity for investors looking to capitalize on the tax incentives and long-term growth of an Opportunity Zone. Located adjacent to Olathe School and the football stadium, this property is ideally positioned for a high-demand residential development with broad zoning flexibility. Zoned for residential use, the possibilities are nearly endless—whether you're envisioning multi-family units, duplexes, or even an entire residential neighborhood. With zoning that allows buildings up to 35 feet in height, you can maximize the space with 3-story buildings, capturing stunning mountain views to the south. Key features include: Utilities to the property or nearby Roads on the west and south sides for efficient access and reduced development costs Completed soil testing and a newly finished topographic survey, streamlining the development process The seller has already designed plans for 8-plex apartment buildings, making this a plug-and-play opportunity to build in phases and scale up. Whether your vision includes affordable housing, condos, senior living, or single-family patio homes, this property checks all the boxes for an investor looking to maximize returns while meeting the growing housing demands in Western Colorado. Lock in a secure investment that not only generates income but also qualifies for favorable tax treatment through the Opportunity Zone. This is your chance to shape the future of housing in this fast-growing region—come see the potential for yourself!
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Fence: Partial Property
  • Views: Mountains, Valley

Utilities

  • Utilities: Phone - Cell Reception, Electricity Near, Natural Gas Near, Phone Near
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Black Hills Energy
  • Water Supplier: Town Of Olathe

Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8
  • High School: Olathe 9-12
  • High School: Olathe 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2024 10/21/24 For Sale $545,000 -- --
Source: Colorado Real Estate Network (CREN)

Source: Colorado Real Estate Network (CREN)

MLS Number: 818923

Colorado Real Estate Network (CREN)