Denver City Council will decide whether to sell an oddly-shaped piece of land in Southmoor Park for about 5,500 times what the city paid for it in 2013.
Sometime next month, City Council will decide whether to sell the 2,208-square-foot parcel at 4889 South Quebec St. to a company for $55,200. City finance department spokesperson Kiki Turner said the parcel was originally supposed to be part of RTD’s Belleview Station, but it wasn’t used. RTD sold it to the city for the low price of $10, Turned said, since its weird shape makes it largely unusable.
It could have been useful to the city, however, since it’s near a road and could be used for the public right of way. Some of the original land was used that way, but the majority has remained vacant.
Turner said it’s common for the city to get these kinds of parcels from public entities if the land isn’t usable.
The city checked with some of its departments to see if the parcel could be used another way. Once it was clear it wasn’t useful, the city decided to part ways with it. BVS Silver LLC was the winning bidder for the land. It’s unclear what the company intends to use the land for.
The parcel is located next to a construction project that the city’s planning office said will be a bank.
The money from the sale will go to the city’s general fund, Turner said.