TBD Main Avenue , Crossroads Phas

    Durango, CO 81301
    • $2,450,000
    • STATUS: Active
    • ON SITE: 1179 days
    • MLS #: 688622
    UPDATED: 164 min ago
    $2,450,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,735
      SQFT
    • $118
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Listing courtesy of Durango Land And Homes.


    Description

    Development Opportunity in the Heart of Downtown! Rare opportunity for an investor to purchase this entitled development parcel with several rentals in place and a total of 75 current parking spaces, which together cash flow approx $10,000/ month. This is the ideal holding place for your 1031 investor or someone who would rather have their funds in real estate rather than stocks. See renderings to illustrate the potential for the future site development as the second phase of the successful Crossroads Durango building. The development package includes the 1/2 acre parcel with existing rentals & 15 parking spaces, in addition to 60 parking spaces along the west side of Narrow Gauge Ave. Also included are the following: Full set of Architectural "Design Development drawings previously approved by the City of Durango, Phase 2 equipment/amenities installed in Phase 1: 4 pipe heating/cooling central plant sized for 2nd Phase, in place 2 of 3 designed elevators for P-1 and P-2, in place Fire sprinkler service entry and associated equipment for both phases, in place Security system equipment and infrastructure both phases, in place Water tap for both phases in place Public bathrooms at 1st, 2nd, and 3rd floors, sized for both phases, in place "in lieu of parking for 8.38 spaces valued at $13,500 per space.

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2018. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-11-19T23:56:33.99.
    www.durangomountainrealty.com/homes/55260493

    TBD Main Avenue , Crossroads Phas Durango, CO 81301

    • Price: $2,450,000
    • Status: Active
    • Updated: 164 min ago
    • MLS #: 688622
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    20,735
    SQFT
    $118
    $/SQFT
    Neighborhood:
    Durango In Town
    County:
    La Plata
    Area:
    Durango In Town
    Property Description
    Development Opportunity in the Heart of Downtown! Rare opportunity for an investor to purchase this entitled development parcel with several rentals in place and a total of 75 current parking spaces, which together cash flow approx $10,000/ month. This is the ideal holding place for your 1031 investor or someone who would rather have their funds in real estate rather than stocks. See renderings to illustrate the potential for the future site development as the second phase of the successful Crossroads Durango building. The development package includes the 1/2 acre parcel with existing rentals & 15 parking spaces, in addition to 60 parking spaces along the west side of Narrow Gauge Ave. Also included are the following: Full set of Architectural "Design Development drawings previously approved by the City of Durango, Phase 2 equipment/amenities installed in Phase 1: 4 pipe heating/cooling central plant sized for 2nd Phase, in place 2 of 3 designed elevators for P-1 and P-2, in place Fire sprinkler service entry and associated equipment for both phases, in place Security system equipment and infrastructure both phases, in place Water tap for both phases in place Public bathrooms at 1st, 2nd, and 3rd floors, sized for both phases, in place "in lieu of parking for 8.38 spaces valued at $13,500 per space.
    Exterior Features

    Acreage Range .5-.99 Lot Dimension Irr: 100' X 200' Parking 20 + Total Spaces Parking Spaces 75 Stories 1 Water Well No Waterfront YN No

    Interior Features

    Finished Sq Ft 20735 One Quarter Baths 0

    Property Features

    Cam No Current Use General OfficeRetail StorefrontMixed Use Documents On File Plot Plan/Plat/SurveyLegal DescriptionOther Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use General OfficeMixed-UseRetail Storefront Real Estate For Sale Yes Reo Lender Owned No Tax Year 2015 Total Taxes $5034.48 Type Multi-Use W/Res Variable Rate No Water Rights No Zoning Type Planned Unit Development

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2018. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-11-19T23:56:33.99.
     
    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of Durango Land And Homes.