Located on coveted South Jackson Street in Observatory Park, this property offers an exceptional opportunity in one of Denver's most sought-after neighborhoods. The expansive 20,600-square-foot (.47-acre) divisible lot provides multiple development paths for an owner-occupant, investor, or builder, including a new luxury single-family residence with an ADU, potential subdivision for two homes, or renovation of the existing residence, all subject to city approval. The current single-level 2,606-square-foot brick ranch includes three bedrooms, two bathrooms, a west-facing living room with fireplace, a large flex or recreation room opening to the backyard, abundant storage, and an attached two-car garage--an ideal footprint for renovation or expansion. Architectural plans are available for a 4,000-square-foot, single-level luxury home, with plans already submitted and under review by the City of Denver, offering meaningful time and cost savings for a full remodel and expansion. Ideally positioned near the University of Denver and bordering University Park, Observatory Park, and Wellshire, the property offers convenient access to major routes, shopping, dining, and daily amenities, and is located within the highly desirable Merrill Middle School boundary. Buyer to verify all zoning, building, subdivision, and ADU requirements with the City of Denver.