Tbd Main Avenue Crossroads Phase Ii Development Site + Parking

Durango, CO 81301

About this property

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.

Date Added
February 27, 2020
Listing Status
Active
Days On Site
238
MLS#
766972

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
IQWeb_Mixed Use
Sub-Type
Resale
Year
Garage
0
Pool
No
Story(s)
1
Property View
No
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$2,375,000 Active
0 Beds
0
Baths
20,735 SQFT

Presented By Coldwell Banker Distinctive Properties, Telluride

Telluride

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Telluride
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Area Information

Durango In Town | La Plata County |

$ 2,375,000
This listing is play_arrow 533.3% higher than the average in the area
$ 375,000 in the area
20,735 SqFt
This listing is play_arrow 4030.5% larger than the average in the area
502 SqFt in the area
$ 115 $/SqFt
This listing is play_arrow 38.7% less than the average in the area
$ 187 $/SqFt in the area
238 days on site
This listing is play_arrow 29.4% below the average in the area
337 days on site in the area

Schools in the Area

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