Scottish Village Duplex · Highland · Denver, Colorado

$955,000

5216 Square Foot Lot
Development Opportunity

On a sun-soaked corner lot in the heart of Denver’s high-profile Highland neighborhood is 3106 & 3108 Fife Court, an exceptionally rare opportunity to purchase two tenant occupied investment properties with the potential to create a single family home or duplex in one of Denver’s original communities. Scottish Village is historically significant as the last remaining fragment of Highland Park, a distinctive enclave developed in 1874 by General William Jackson Palmer and Dr. William A. Bell, two of the most influential figures in the early development and settlement of Colorado. Whimsical, meandering streets and unconventionally-shaped lots modeled after Chicago’s famous Riverside neighborhood align with the contours of the area’s topography to create an extraordinary community aesthetic unlike any other Denver district.

At present, a 1900-built brick duplex consisting of two separate one bed, one bath residences sits on the northwest corner of the lot. Gross monthly rental revenue is $3390/month until mid-2022, providing investors, architects and developers ample income to cover carrying costs while fine-tuning a design plan and awaiting city approval, should a purchaser choose to scrape and rebuild. (3106 Fife Court is leased until 5/31/2022 and 3108 Fife Court is leased until 6/30/2022). Special zoning (U-RH-2.5, UO-3, CO-3) within the Scottish Village grants homeowners expanded rights that are not typically permitted by Denver’s zoning code. These additional rights include: narrower setbacks from the lot lines, ability to build an accessory dwelling unit, rooftop patios that span the entire footprint of the residence, and the ability to build to full height on a greater-than-typical proportion of the lot.

Limited commercial use for art studios, bed and breakfast or offices (non-medical) are also permitted. This listing is offered in as-is condition. Renderings are provided for marketing purposes and should not be relied upon. All plans subject to local approval.

Interested in collaborating with a local award-winning architect to build an exceptional residence at this site? My SLATE Real Estate Advisors peer and licensed architect Caroline Wilding (principal architect, Construct Design/Architecture LLC) and I have created Citizen Studio the first-ever team at Slate Real Estate Advisors. Citizen Studio offers an expanded suite of services to help clients purchase, design and build designer homes in the Denver metro area and beyond.

ConstructDA.com

Citizen-Studio.com

Renderings are provided for informational/marketing purposes only and should not be relied upon. All improvements are subject to city approval.