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Address: 200 North 7th Ave
City: Frisco
State: Colorado
Zip: 80443
Country: US
Price: $4,450,000
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Lot Size: 1.96
Annual Property Tax: 5,888
Status: Active
mls: S362412
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Full Description: This secluded 1.96 acres (86,460 Sq Ft.) site is located at 200 N. 7th Street in Frisco, Colorado. There is currently a single family home on the site that would need to be removed prior to future development. The site includes wetlands, both natural and man made (0.540 acres) and surrounding topography of 1.421 acres. The wetlands and private ponds, coupled with the southwestern exposure and scenic mountain views enhance the potential of this site. Frisco's Main Street with its abundant shopping and restaurants is a short 1 1/2 block walk and the Frisco Marina is just 4 blocks away.
ZONING
This site is zoned Mixed Use. The Mixed Use Zone is the most versatile zone in Frisco, as it permits both residential and commercial development. Please refer to the Town of Frisco's web site for detailed information on the zoning codes.
At 14 units per buildable acre, this site permits 20 units. Additional units may be built if the developer elected to take advantage of the Town of Frisco's "density bonus" program. The current Town Code allows for one additional market rate unit for each "deed restricted affordable housing unit" that is provided on site. Please refer to the Town of Frisco's web site for detailed information on the zoning codes.
PRELIMINARY PLANNING
Preliminary site planning has been accomplished including: site surveys, topographical mapping, wetlands mapping, a wetlands mitigation plan has been approved, and an onsite parking and traffic analysis have been done.
RESIDENTIAL DEVELOPMENT
In our opinion, and because of the current real estate market, residential development seems to be the best use of the property. As a result, preliminary planning has been done for a 20 unit residential development. This proposed development was accomplished more as an exercise to see what size units could fit on the site and meet the current parking regulations, height regulations, bulk plane regulations and fit on the uplands of the property. Our preliminary plans show 40,000 Sq. Ft. of residential living.
SALE PRICE
The sale price for the property is $4,450,000. This includes copies of all of the preliminary work that has been accomplished. The owner will consider terms and possible owner involvement in the project if desired.
Site Survey by: Range West
Wetlands Planning by: SE Group
Site Planning by: Roth Sheppard Architects
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