Rare opportunity to buy a commercial investment parcel on a CORNER location in Durango. The property is currently used by three tenants, one residential and two commercial tenants. This location is at the intersection of CR 250 and 32nd Street (CR 251). There is access from Metz Lane onto the property and excellent visibility to the growing traffic counts at this intersection. CR 251 is currently being completely rebuilt with the addition of shoulders. There are three neighboring properties that have sold recently. 157 CR 250 sold for $1,095,000,.575 acre corner, 137 CR 250 sold for $1,500,000 and sit on .78 acres, NON corner lot and 101 CR 250 sold for $1,000,000 and it is on ..646 acre lot NON corner. So the opportunity to secure this corner is an excellent opportunity. The property, subject to lease expirations, can be an excellent redevelopment site as well.
MLS# | 815296 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Pending |
Year | 1975 |
Days On Site | 107 |
Listing Provided By | The Wells Group of Durango, LLC | John Wells |
Bath(s) | 4 Total |
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SQ Feet | 6,286 |
Story(s) | 2 |
Units | 3 |
Zoning | Commercial |
Acreage | 0.76 |
State | CO |
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County | La Plata |
City | Durango |
Zip Code | 81301 |
Area | Durango In Town |
Listing VS Median (in 81301) | |
Price: $1,400,000 low | high Med: $730,000 SqFt: 6,286 low | high Med: 3,176 $ / SqFt: $223 low | high Med: $230 On Site: 107 low | high Med: 98.000000 |