32243 N Hwy 550,
Durango CO, 81301
Description
This is a fantastic income producing property, in a wonderful location in the North Animas Valley. This property has 9 residential rental units, two commercial units, and a healthy dry storage clientele of mostly RV's and Boats. Zoning for this property is neighborhood commercial, which is best described as "mixed use" allowing for both residential and light commercial uses. This location with the Hermosa Creek Grill, Speedway Gas Station, Hermosa Mini Storage - off Mead Lane - has been identified by the La Plata County Planning Department, as a growth hub of the North Animas Valley. Opportunities like this do not come to the market every year in La Plata County, offering approximately 519 feet of highway frontage - on a hard corner - with stable and consistent income, in an identified growth hub. This property is being offered at a 7% Cap Rate, which is competitive for our marketplace. Call Listing Broker for more details.
Details
| MLS# | 771238 |
|---|---|
| Listing Type | For Sale |
| Style | IQWeb_Mixed Use |
| Sub-Type | Resale |
| Status | Pending - Show |
| Year | 1968 |
| Days On Site | 247 |
Features
| SQ Feet | 11,568 |
|---|---|
| Story(s) | 1 |
| Units | 9 |
| Zoning | Mixed Use |
Market Activity 81301
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Learn More About This Property
| Area Information | |
|---|---|
| State | CO |
| County | La Plata |
| City | Durango |
| Zip Code | 81301 |
| Area | Durango Rural |
| Listing VS Median (in 81301) | |
Price: $2,175,000 low | high Med: $410,000 SqFt: 11,568 low | high Med: 1,473 $ / SqFt: $188 low | high Med: $278 On Site: 247 low | high Med: 148 | |
MLS Number: 771238Listing Provided By:
Russ Smith of Keller Williams Realty Southwest Associates LLC
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