1015 Gray Street

Over 1/2 acre property in the heart of Lakewood!! This .538 acre property is zoned R-2 and according to City of Lakewood, allows for any of the following: TWO houses on this lot (keep the current house and add a 2nd one OR tear down the current one and build 2 new houses). OR subdivide and put TWO DUPLEXES total on the subdivided lots. OR possibly subdivide into THREE lots that hold THREE single family homes! Property is adjacent to RTD bus stops and walking distance to 2 different RTD light rail stations! Current house was built in 1939 and is 2 bed, 1 bath with kitchen, living room, laundry/storage room, basement and 1 car attached garage. City of Lakewood Zone District Summary describes R-2 Two-Family and Small Lot Residential as follows: "The R-2 district is intended to provide for small-lot, single-family and duplex residential development". There are several new development projects surrounding this property and with spacious lot size and proximity to RTD bus and light rail, as well as the nearby amentities, make this is a perfect location for an investor looking to scrape and build. Close to Sloans Lake and Edgewater and all of the new development projects happening there. Or move right in to the house, the price is right! Buyer is responsible to verify all options for this property. R-2 Zone District Summary is in Supplements.