$975,000

Tbd Airport Parkway Lots 1, 2 And 3

Durango CO, 81303

Description

COMMERCIAL INVESTMENT OPPORTUNITY - 3 Contiguous Lots with an income producing HOME - w/ multiple income producing possibilities (yard rental of Lot 1 and/or 3, as well as, current residential rental income of $2650/mo. Each Lot has unique potential uses and possible income opportunities. Lot 1 and 3 are vacant parcels, cleared and leveled. Lot 1 is a high visibility road frontage parcel facing Airport Road, at or very near the point where a new intersection will funnel all traffic to/from the La Plata County Airport. Commercial Wells with thoroughly tested and proven high quality water production exist on Lots 2 & 3, and both Lots also have a second commercial well permit. A commercial well permit is available for Lot 1 also. The Lots also have an existing agreement with the owners of the adjacent land that will facilitate the connection to a central water system or metro district, when developed. No other parcels on Airport Rd have this right, or current proven water that would allow development. Lot 1 High Visibility Lot with Airport Road Frontage in the Airport Concession Corridor. Presenting the premiere and most viable vacant commercial property in La Plata County. With Airport Road frontage, and all access easements recorded, developed and fully approved. This high exposure parcel is ready for development to take advantage of the ongoing development by the La Plata County Airport. Situated at what will become the key intersection and focal point for all traffic to and from the Airport, this Lot is perfect for retail possibilities such as a convenience store and/or gas station, rental car facility, oil change facility, offices, multi-use development, storage, or lodging. Lot 1 is the only lot on Airport Road currently recognized as Commercial (other than the former BP facility). Other lots will likely not approved as commercial without an associated development plan and commercially viable water system. The Lot also has an existing agreement with the owners of the adjacent land that will facilitate the connection to a central water system or metro district, when developed. No other parcels on Airport Rd have this right, or current proven water that would allow development. Lot 2 Stunning views for miles, quiet and private overlooking the Florida Valley and just 20 minutes to downtown. A combination that is hard to come by with over 5 acres to make your own. The spacious outdoor areas make it easy to entertain or simply relax and take in the beauty of Southwest Colorado. Come inside...this 4 bedroom ho

Details

MLS#768255
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1972
Days On Site210

Features

SQ Feet4,015
Story(s)2
Units1
ZoningMulti-Use w/ Residence

Market Activity 81303

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Area Information
StateCO
CountyLa Plata
CityDurango
Zip Code81303
AreaDurango Rural
Listing VS Median (in 81303)
Price:
$975,000
low | high
Med:
$475,000
100% of Average
SqFt:
4,015
low | high
Med:
2,008
99.987546699875% of Average
$ / SqFt:
$243
low | high
Med:
$237
52.588364490755% of Average
On Site:
210
low | high
Med:
147
100% of Average
Listing Updated: 10/29/2020
Joe Clair LogoMLS Number: 768255
Listing Provided By:
Joe Clair  of  Keller Williams Realty Southwest Associates LLC

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