Description
Attention Investors, Builders, and Developers! Located just 200 yards from the Colorado State University campus, 629 S. Howes offers a rare opportunity to own a property with both charm and Approved, permit ready development plans! Situated on a spacious 18,981 square foot lot (0.44-acre). This property features an existing historical house with two separate units which have both undergone extensive & exquisite upgrades, providing modern finishes while preserving the property's historic appeal Existing Main Unit: 3 bedrooms, 3.5 bathrooms. Existing Secondary Unit: 2 bedrooms, 2 bathrooms. Both units are currently leased through May 2025 The approved plans show an additional 12 units (30 beds), with a mix of 3 studio apartments and 9 three-bedroom units. The project was approved as a result of the amazing work product done by: Northern Engineers, AU Workshop and the TB Group. These plans represent a prime opportunity for maximizing rental income in a high-demand area, by avoiding the highly volatile & unpredictable entitlement process. With development possibilities, this property is ready for either a quick redevelopment using the approved plans or a custom project tailored to your goals. Whether you're looking for a project with immediate income potential or seeking to design your own future development, 629 S. Howes presents a flexible, approved, high-potential opportunity in a sought-after location. Broker is a related party to Seller.
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5BEDS
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0.43ACRES
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5BATHS
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11/2 BATHS
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2,959SQFT
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$1,182$/SQFT
School Information
Offered by CARLSON ASSOCIATES.Description
Attention Investors, Builders, and Developers! Located just 200 yards from the Colorado State University campus, 629 S. Howes offers a rare opportunity to own a property with both charm and Approved, permit ready development plans! Situated on a spacious 18,981 square foot lot (0.44-acre). This property features an existing historical house with two separate units which have both undergone extensive & exquisite upgrades, providing modern finishes while preserving the property's historic appeal Existing Main Unit: 3 bedrooms, 3.5 bathrooms. Existing Secondary Unit: 2 bedrooms, 2 bathrooms. Both units are currently leased through May 2025 The approved plans show an additional 12 units (30 beds), with a mix of 3 studio apartments and 9 three-bedroom units. The project was approved as a result of the amazing work product done by: Northern Engineers, AU Workshop and the TB Group. These plans represent a prime opportunity for maximizing rental income in a high-demand area, by avoiding the highly volatile & unpredictable entitlement process. With development possibilities, this property is ready for either a quick redevelopment using the approved plans or a custom project tailored to your goals. Whether you're looking for a project with immediate income potential or seeking to design your own future development, 629 S. Howes presents a flexible, approved, high-potential opportunity in a sought-after location. Broker is a related party to Seller.
Licensed in the State of Colorado, USA
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