1605 Shield Drive , #1605

Description

Shovel Ready PUD consists of 8.88 acres. Yampa River frontage of 1200',NO FLOOD PLAIN FLOOD ZONE for ANY residential units on this property!!! Direct core path access, adjacent to what will be Steamboat's newest park "Bear River Park". Approval with City is for 10 single family homes on riverfront, 3 duplex homes on river front, lot 14 which is approved for 20 deed restricted condos. (This deed restriction is for deed restricted housing for working Routt County residents or retired Routt County residents, there is no AMI component) and Lot 15 approved for 14 townhomes. Property is currently zoned industrial but has been rezoned and approved for its own MF3 PUD which will take effect once construction begins on the PUD. A FLUP amendment was completed and then followed y the approval of the PUD. A new buyer could also go back to City with a new plan or modified plan for this site as a whole. There is currently one egress and ingress so the site is held to 50 units buildable total but there is approval for 10 ADUs in the single family homes taking this to 60 units. Approval letter on file. Industrial zoning is a use by right until residential is built on the property. Current gross rents are $135,000 annually. Interested Buyers must have a prequalification letter for the purchase price in hand/ show verifiable proof of funds to be able to complete transaction. Most docs are on file with the City of Steamboat in the City View portal. This includes all documents from the entire PUD approval process, also includes all engineering and planning docs for the PUD. Listing agent has all info on file including but not limited to: Soils test, engineering docs, architectural plans for SF, condos and TH units, surveys, wetland maps, traffic studies, landscape plans, etc, etc. This is a turn key PUD fully approved by the City of Steamboat Springs ready for horizontal to be built. Listing agent has ownership interest in property and did all work for PUD with City.