29160 E Hwy 160, Durango, CO 81303

$1,600,000
3
BA
6,606
SqFt

Listing courtesy of Keller Williams Realty Southwest Associates, Llc.

Property Description

INVESTMENT & DEVELOPMENT OPPORTUNITY! Conveniently located in the in the booming Grandview area at the intersection to Three Springs & Mercy Hospital you can find this 5.89 acre investment opportunity. Currently zoned commercial use, the property is located in a high traffic, high visibility area, conveniently situated at a stop light and accessible from all directions. After further discussion with LaPlata County's Planning Dept. they are open to an abundance of uses. As a larger parcel they have suggested a motel/hotel site, grocery, strip mall or multi-use commercial elements. Currently the property is in the planning process to subdivide into 5 smaller commercial properties. Upon receipt of the preliminary subdivision approval the price of the entirety will likely be increased and individual parcels will be marketed separately. Call listing Agent for details and options. PROPERTY DETAILS - Breathtaking views, accessibility, visibility and proximity to town only adds to the value of this rare find. The property currently has two sources for income generation in a manufactured home and sizable shop. There is a purged double wide mobile with addition that rents for $2100.00 a month (1,800+sq. ft., 3bd, 2bth, 2 car garage), plus a 4,800 square ft. warehouse/shop on a slab with 2 large bay doors and office space. You would be hard pressed to find even unimproved land of this size in town. Priced to sell quickly! The Shop rents project to be about $4000/mo. The intersection improvements have already been made and central water and central sewer are nearby. NOTICE - This property is currently is in the process to be subdivided into 5 one acre(approximate) parcels. Call listing agent for details and pricing options of the various smaller lots and/or possibility to Lease/Occupy prior to Close.

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