FANATSTIC DEVELOPMENT OPPORTUNITY IN THE SLOANS LAKE/EDGEWATER AREA!!! This lot is in the heart of re-development of the Sloans Lake and Edgewater area. Lakewood zoning R-MF, allowing for multiple units with a 45 foot height restriction. This area is a prime location, walking distance from Sloans Lake, Light Rail, and Edgewater shops and restaurants. Downtown is minutes away. This is an opportunity to re-develop close to Sloans Lake on the lowest priced multi-family site in the area. The current structure is a well-maintained house currently rented on a short term lease for $3000/month. This existing cash flow and a flexible tenant occupancy creates a bonus level of income during approval for future development. NOTE; 1571 SHERIDAN WHICH IS THE PROPERTY JUST TO THE EAST OF THIS LISTING JUST WENT ON THE MARKET. COMBINING THESE TWO PROPERTIES (IDENTICAL MULTIFAMILY ZONING) CREATES THE OPPORTUNITY FOR A MUCH LARGER DEVELOPMENT AND GREAT ECONOMIES OF SCALE IN THIS GREAT AREA. SEE LISTING #8166439.