Prime commercial development property with 585 feet of highway frontage!!

BRING ALL OFFERS!! Seller is ready to make a deal!!
Prime commercial development property with Highway 550/160 exposure and light zoning regulation.
The property was just appraised for $700,000. The appraiser stated that he would have appraised it for much more if it hadn’t been sitting on the market so long. This property has potential for not only commercial development, but also for residential/townhomes. There have been access issues in the past, but those have been ironed out. This is a really good deal for prime commercial development, with incredible highway exposure and the highest traffic count in all of Southwest Colorado. The water, sewer and power are all to the property.

Absolutely Prime Location!

Between Downtown Durango, Three Springs, and the Airport!

585 feet of frontage gives this property excellent visibility on Hwy 550/160, with over 30,000 ADT, which is one of the highest traffic volumes in SW Colorado. Located just a few minutes from downtown, 5 minutes from Mercy Hospital and 10 minutes to the airport. Locals and tourists alike drive by this location every single day!

Light Commercial Zoning

Unmatched developmental potential within Durango City Limits!

Light commercial zoning regulation within the city limits of Durango gives this property great commercial development potential. Highest and best use may be to develop the property as a mixed use. The upper tier, at Hwy level, might be developed with a hotel/motel, service or a retail business. The lower portion has been envisioned with approximately 30 high density residential units. The Central utilities are at the property.