32243 N Hwy 550

Durango, CO 81301

About this property

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.

Date Added
June 24, 2020
Listing Status
3
Days On Site
298
MLS#
771238

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
iqweb_Mixed_Use
Sub-Type
Resale
Year
1968
Zoning
Mixed Use
Square Feet
11,568
Units
9
Story(s)
1
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$2,175,000 3
11,568 SQFT

Presented By Coldwell Banker Distinctive Properties Grand Junction

Grand Junction

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Brokerage
Grand Junction
(970) 243-0456

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