Price Reduction
Address
TBD Main Avenue Durango, CO
Price
$ 2,450,000
Property Attributes
  • MLS#688622
  • TypeCommercial
  • CountyLA PLATA
  • CityDurango
  • AreaDurango In Town
  • Zip81301
  • StyleMulti-Use w/Res
  • Taxes5034
  • Price$ 2,450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage20735
  • Lot Size0.49 Acres
Listing Provided Courtesy Of:
Durango Land and Homes
Property Description

Development Opportunity in the Heart of Downtown! Rare opportunity for an investor to purchase this entitled development parcel with several rentals in place and a total of 75 current parking spaces, which together cash flow approx $10,000/ month. This is the ideal holding place for your 1031 investor or someone who would rather have their funds in real estate rather than stocks. See renderings to illustrate the potential for the future site development as the second phase of the successful Crossroads Durango building. The development package includes the 1/2 acre parcel with existing rentals & 15 parking spaces, in addition to 60 parking spaces along the west side of Narrow Gauge Ave. Also included are the following: Full set of Architectural “Design Development” drawings previously approved by the City of Durango, Phase 2 equipment/amenities installed in Phase 1: • 4 pipe heating/cooling central plant sized for 2nd Phase, in place • 2 of 3 designed elevators for P-1 and P-2, in place • Fire sprinkler service entry and associated equipment for both phases, in place • Security system equipment and infrastructure both phases, in place • Water tap for both phases in place • Public bathrooms at 1st, 2nd, and 3rd floors, sized for both phases, in place • “in lieu of” parking for 8.38 spaces valued at $13,500 per space.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/13/2016 Listed $2,700,000
2/6/2018 10% - $2,450,000

General Features

Listing Status Active
New Construction Y/N No
Status Active
Stories 1
Type Multi-Use w/Res
Zoning Planned Unit Development - CBD

Interior Features

Finished SF 20735
Total Rooms 5

Exterior Features

Lot Dimensions Irr: 100' x 200'
Lot Size Area 0.49
Parking 20 + Total Spaces
Parking Spaces 75
Water Rights/irrig. No
Waterfront No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81301

Price
AVG $1.11M
$2.45M
Taxes
AVG $27,776
$5,034
Visits
AVG 15
53
Walkscore
AVG 62
87

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