Prime downtown Carbondale redevelopment opportunity or chance to restore a charming 1893 single-family home. Situated on a rare 11,761 sq ft corner lot at Colorado Avenue and 8th Street, this property offers exceptional flexibility for a variety of investment or end-user strategies. Zoned R/MD (Residential Medium Density), the lot allows for subdivision (with one resulting lot required to be a minimum of 3,000 sq ft). Duplex development is permitted by right, and the potential for an ADU exists with Town approval--creating strong upside for those looking to maximize value. The existing home features 4 bedrooms, 1 bathroom, and approximately 1,960 sq ft of living space, offering renovation potential for those looking to preserve its historic character. A trailer currently on the property is likely best suited for removal. Property is being sold ''as is'' and is occupied through June 17, 2026. No showings until April 1.