Tbd Main Avenue Crossroads Phase Ii Development Site Only

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. 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 & existing 15 parking spaces on site. (***NOTE: 36 off-site parking spaces on the west side of the RR tracks can be an option for purchase at an additional $650,000 if desired by Buyer.***) 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
Days On Site

Features and Additional Information

Lot Size
0 SqFt
Property Type
Mixed Use
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$1,775,000 Active
0 Beds
20,735 SQFT

Presented By Coldwell Banker Distinctive Properties, Telluride

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Area Information

Durango In Town | La Plata County |

$ 1,775,000
This listing is play_arrow 373.3% higher than the average in the area
$ 375,000 in the area
20,735 SqFt
This listing is play_arrow 1200.0% larger than the average in the area
1,595 SqFt in the area
$ 86 $/SqFt
This listing is play_arrow 64.0% less than the average in the area
$ 238 $/SqFt in the area
94 days on site
This listing is play_arrow 48.0% above the average in the area
64 days on site in the area

Schools in the Area

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