$1218.16 Per Sq Foot $11,810 est/mo Sourced by Back At You

29160 E Hwy 160,Durango, CO 81303

Durango CO, 81303

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Description

DEVELOPMENT AND INVESTMENT OPPORTUNITY! This 5.89 acre investment property is conveniently located in the booming Grandview area at the intersection to Three Springs & Mercy Hospital. Currently zoned commercial/mixed use, the property is located in a high traffic, high visibility area, conveniently situated at a stop light and accessible from all directions.The intersection improvements have already been made and central water and sewer are nearby. This property is being offered in its entirety. Though, the property is in the planning process to subdivide into 4 commercial/mixed use properties. Individual parcels will be marketed separately. Call 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 value is in the land! However, the property currently has two sources for income generation.There is a purged double wide mobile with addition that is leased for $2500.00 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. The shop rental income is projected to be about $4000/mo. Exterior painting of the modular and deck repairs to be completed early summer. Call agent for details and pricing options of the various smaller lots and/or possibility to Lease/Occupy prior to Close.

Details

MLS#803187
Listing TypeFor Sale
StyleTown House / Duplex
Building Name29160 E. HWY 160 Unit A
Sub-TypeResale
StatusPending
Year1987
Days On Site385
Listing Provided ByKeller Williams Realty Southwest Associates, LLC | Cindy Cunningham

Features

Bath(s) 3 Total
SQ Feet1,806
Car PortYes
Story(s)1
Units2
Acreage5.89

Market Activity 81303

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Listings Checked: 3 minutes ago
StateCO
CountyLa Plata
CityDurango
Zip Code81303
AreaDurango Rural
Listing VS Median (in 81303)
Price:
$2,200,000
low | high
Med:
$950,000
100% of Average
SqFt:
1,806
low | high
Med:
1,643
59.025470653378% of Average
$ / SqFt:
$1,218
low | high
Med:
$578
100% of Average
On Site:
385
low | high
Med:
1
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 3:09:09 AM PDT