$2,175,000

32243 N Hwy 550

Durango CO, 81301

Description

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.

Details

MLS#771238
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1968
Days On Site122

Features

SQ Feet11,568
Story(s)1
Units9
ZoningMixed Use

Market Activity 81301

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Area Information
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango Rural
Listing VS Median (in 81301)
Price:
$2,175,000
low | high
Med:
$185,000
100% of Average
SqFt:
11,568
low | high
Med:
0
100% of Average
$ / SqFt:
$188
low | high
Med:
$0
100% of Average
On Site:
122
low | high
Med:
758
16.094986807388% of Average
Listing Updated: 10/24/2020
Russ Smith LogoMLS Number: 771238
Listing Provided By:
Russ Smith  of  Keller Williams Realty Southwest Associates LLC

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