22
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$545,000
Est. payment /mo
2.27 Acres Lot
Active
Lot 2(2.27 Ac) Wilson Avenue Olathe, CO 81425
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Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 818923
Annual Tax Amount $5,119
Tax Year 2023
Lot Size 2.270 Acres
Acres 2.27
Property Sub-Type Residential
Property Description
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!
Location
State CO
County Montrose
Zoning Other,Residential Multi Family,Residential Single Family
Rooms
Dining Room No
Exterior
Utilities Available Electricity Near, Natural Gas Near, Phone - Cell Reception, Phone Near
View Mountains, Other, Valley
Building
Sewer Central, Sewer Tap Available
Water Public, Tap Available
Schools
Elementary Schools Olathe K-5
Middle Schools Olathe 6-8
High Schools Olathe 9-12
Listed by United Country Sneffels Realty
NEARBY SCHOOL & BUSINESS
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