Development Opportunity in Two
For Sale
$265,000
150 Southside, Salida, CO 81201
R-3 zoned lot allows up to 4 attached units.
Property SizeContact for details
Lot Size0.20 Acres
Days on Market220
Property Features for 150 Southside
General Information
Standard status
Active
Lot size
0.20 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$1,814
Amenities
Level
Paved
Listing Agency:
PINON REAL ESTATE GROUP LLC
(719) 539-0200
Listed By:
K. HALE CAMP · License #FA100025035
Source:
Corcoran
Added: Jan 22
Changed: Aug 8
Last Checked: Aug 29 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PINON REAL ESTATE GROUP LLC
Investment Insights
Based on property information with market context.
This 8,688 square foot lot, zoned R-3, presents a multi-unit development opportunity in the Two Rivers neighborhood. The zoning allows for the construction of up to 4 attached units under the City of Salida Land Use Code. Significant savings are available to the buyer, as the Inclusionary Housing and Open Space requirements have already been met by the original developer. Two Rivers satisfied the Inclusionary Housing requirement at the time of development, eliminating any Inclusionary Housing requirement or Fee in Lieu for this lot's build plan. The pedestrian and biking bridge/trail system along the South Arkansas River, with approximately 6 acres of open space, fulfilled the city's Open Space Requirement, resulting in a $10,000 savings per buildable unit for the builder/buyer. Two Rivers emphasizes sustainability, including the use of varied, natural building materials. The community is designed as a multi-faceted, walkable area, featuring residential neighborhoods and a mixed-use Commons. The Commons includes a cocktail lounge, restaurant, coffee shop, bakery, EV charging stations, and professional offices, all located along the South Arkansas River. The property is located at the confluence of the Arkansas and South Arkansas Rivers. Combining with additional available lots allows building up to 14 units.
Key Highlights
- R‑3 zoning allows for up to 4 attached units on an 8,688 sf lot.
- Inclusionary Housing requirements already met, resulting in significant savings.
- Open Space requirements satisfied, saving approximately $10,000 per buildable unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 81201, CO
9,128
Population
5,407
Households
1.7
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
400.6 sq mi
ZIP Area
23
Density / Sq Mi
$70,850
Median Household Income
$41,244
Median Earnings
$1,614
Median Rent
$631,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - R-3 zoned lot allows up to 4 attached units.
Where is this residential land & home lot located?
The property is located at 150 Southside Salida, CO.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: R‑3 zoning allows for up to 4 attached units on an 8,688 sf lot.; Inclusionary Housing requirements already met, resulting in significant savings.; Open Space requirements satisfied, saving approximately $10,000 per buildable unit.
