$1,450,000

1043 Main Avenue Smaller Option For Development Site

Durango CO, 81301

Description

Development Opportunity in the Heart of Downtown! Rare opportunity for an investor to purchase the core of this development parcel comprising the 1027 Main Ave art gallery building, entire surface parking lot, and approximately 4,000 sq ft of underground studio / workshop / warehouse space. 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 one option for the potential redevelopment as the second phase of the successful Crossroads Durango building, or reimagine this prime downtown lot as your own mixed-use building. This option offers a 0.35 Acre purchase that can be subdivided from the entire half acre parcel. Both options are currently available. This pricing option also allows for 35 surface parking spaces in the rear of the parcel along the west side of Narrow Gauge RR tracks to be purchased for an additional $600,000. The site could accommodate an estimated 36 parking spaces in a future underground garage for your redevelopment, providing a rare opportunity for on-site AND rear parking in the midst of a vibrant downtown. Contact agent for details.

Details

MLS#777981
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Days On Site114

Features

SQ Feet15,000
Units1
ZoningPlanned Unit Development - CBD

Market Activity 81301

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Area Information
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$1,450,000
low | high
Med:
$470,500
100% of Average
SqFt:
15,000
low | high
Med:
1,473
100% of Average
$ / SqFt:
$97
low | high
Med:
$319
100% of Average
On Site:
114
low | high
Med:
36
100% of Average
Sourced by Back At You
Listing Updated: May 12, 2021 8:37:26 PM PDT
Christina Rinderle LogoMLS Number: 777981
Listing Provided By:
Christina Rinderle  of  Durango Land and Homes

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