$559,000

824 Kimbark St, Longmont, CO 80501  (Sold on )

• Price Reduced$20,000
• Open House
• New Listing
• Coming Soon

• 3 BedBeds
• 1 BathBaths
• 1,566 SqftSqft
• TypeSingle Family
• Active
• MLS# 1063967

Property Description

KEEP IT. RENT IT. EXPAND IT. DIVIDE IT. DEVELOP IT. REIMAGINE IT.RARE DOWNTOWN LONGMONT MU-D MIXED-USE INVESTMENT & DEVELOPMENT OPPORTUNITY DOUBLE LOT ESTABLISHED 5-STAR STRThis is far more than a single-family home. Located just one block from the heart of Downtown Longmont, 824 Kimbark combines an established short-term rental, an approximately 10,000-square-foot double lot, MU-D mixed-use zoning and significant development due diligence already completed.The charming 1910 home is currently operating as a licensed short-term rental on Airbnb and Vrbo with 5-star guest reviews, demonstrating a viable use for the existing home while preserving tremendous flexibility for the future.Significant development groundwork has already been completed, including feasibility work, engineering reports, survey work, tree mitigation, extensive development and City due diligence, and approved demolition should a future owner choose redevelopment.Importantly, the owners have also already explored both division of the lot and the addition of an ADU and have worked through what those potential paths would entail. Larger development configurations have also been investigated, giving a future buyer the benefit of substantial groundwork rather than simply starting with an oversized lot and a list of hypothetical possibilities.The double lot and MU-D mixed-use zoning create an unusual range of options. Keep the existing home and continue its established STR use. Make it your own downtown residence. Pursue an ADU. Explore division of the lot. Consider additional residential or mixed-use development. Or pursue redevelopment.For a buyer interested in development, substantial investigative and due-diligence work has already been undertaken, potentially saving considerable time and expense compared with beginning the process from scratch.And the location is difficult to duplicate.Development and due-diligence materials available for review by qualified buyers.