$137,500

12 Lots E Downey Avenue

Cortez CO, 81321

Description

Opportunity knocks! Prime central location near schools, hospital and rec center. This 12 lot infill subdivision (Kemnitz) is ready for a builder/developer. ADU use is permitted in this R-1 area. The property has been subdivided into 12 easy build, city lots with possible views. Each is approximately 75' X 110' (.189 acre) and priced at just under $12,500 each. The lots face E Downey Ave. Electric is currently available to 6 of the lots. Water, sewer, additional electric, and gas lines need to be laid. Utility tie-ins are very near in the surrounding developed neighborhood. This section of E Downey Ave is not paved and provides easier access to complete the infrastructure. The pricing of the lots should allow a builder to produce moderately priced new in-town homes, a product that is in short supply and in demand in Cortez. (2 additional adjoining lots are available for $33,900 each or may be bought in bulk with the other 12. Call for details).

Details

MLS#764240
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site362

Features

ZoningResidential Single Family
Acreage2.26
Property ViewYes

Market Activity 81321

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Area Information
StateCO
CountyMontezuma
CityCortez
Zip Code81321
AreaCortez
Listing VS Median (in 81321)
Price:
$137,500
low | high
Med:
$197,900
6.072727272727% of Average
On Site:
362
low | high
Med:
488
74.180327868852% of Average
Listing Updated: 10/20/2020
Tina Bonecutter LogoMLS Number: 764240
Listing Provided By:
Tina Bonecutter  of  Keller Williams Realty Southwest Associates LLC

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