Description
MOTIVATED SELLER! BRING ALL OFFERS! Prime commercial development property with central utilities at the property. 585 feet of frontage gives this property excellent visibility on Hwy 550/160, with over 30,000 ADT, which is one of the highest traffic volumes in SW Colorado. The A Line access restriction has recently been removed by CDOT and deeded to the Seller, so access has been greatly improved. Located just a few minutes from downtown, 5 minutes from Mercy Hospital and 10 minutes to the airport. Light Commercial Zoning, in the city limits of Durango, gives this property great commercial development potential. Highest and best use may be to develop the property as a mixed use. The upper tier, at Hwy level, might be developed with a hotel/motel, service or a retail business. The lower portion has been envisioned with approximately 30 high density residential units. The Central utilities are at the property.
Details
| MLS# | 738857 |
|---|---|
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 667 |
Features
| Acreage | 4.56 |
|---|
Market Activity 81303
| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
|---|---|---|---|---|---|
| Date: May 2019 | Sales: 5 | Avg $ Per SqFt: $238.3 | Min Sale Price: $95,000 | Max Sale Price: $493,500 | Med Sale Price: $305,000 |
| Date: Apr 2019 | Sales: 2 | Avg $ Per SqFt: $187.39 | Min Sale Price: $120,000 | Max Sale Price: $419,000 | Med Sale Price: $269,500 |
| Date: Mar 2019 | Sales: 3 | Avg $ Per SqFt: $233.89 | Min Sale Price: $429,900 | Max Sale Price: $715,000 | Med Sale Price: $521,550 |
| Date: Feb 2019 | Sales: 2 | Avg $ Per SqFt: $217.02 | Min Sale Price: $390,000 | Max Sale Price: $1,115,000 | Med Sale Price: $752,500 |
| Date: Jan 2019 | Sales: 3 | Avg $ Per SqFt: $183.27 | Min Sale Price: $199,000 | Max Sale Price: $367,000 | Med Sale Price: $289,500 |
| Date: Dec 2018 | Sales: 1 | Avg $ Per SqFt: $200.62 | Min Sale Price: $260,000 | Max Sale Price: $260,000 | Med Sale Price: $260,000 |
| Date: Oct 2018 | Sales: 1 | Avg $ Per SqFt: $279.79 | Min Sale Price: $432,000 | Max Sale Price: $432,000 | Med Sale Price: $432,000 |
| Date: Sep 2018 | Sales: 1 | Avg $ Per SqFt: $ | Min Sale Price: $175,000 | Max Sale Price: $175,000 | Med Sale Price: $175,000 |
| Date: Aug 2018 | Sales: 3 | Avg $ Per SqFt: $261.26 | Min Sale Price: $360,000 | Max Sale Price: $875,000 | Med Sale Price: $669,000 |
| May 2019 | |
|---|---|
| Sales: | 5 |
| Avg $ Per SqFt: | $238.3 |
| Min Sale Price: | $95,000 |
| Max Sale Price: | $493,500 |
| Med Sale Price: | $305,000 |
| Apr 2019 | |
| Sales: | 2 |
| Avg $ Per SqFt: | $187.39 |
| Min Sale Price: | $120,000 |
| Max Sale Price: | $419,000 |
| Med Sale Price: | $269,500 |
| Mar 2019 | |
| Sales: | 3 |
| Avg $ Per SqFt: | $233.89 |
| Min Sale Price: | $429,900 |
| Max Sale Price: | $715,000 |
| Med Sale Price: | $521,550 |
| Feb 2019 | |
| Sales: | 2 |
| Avg $ Per SqFt: | $217.02 |
| Min Sale Price: | $390,000 |
| Max Sale Price: | $1,115,000 |
| Med Sale Price: | $752,500 |
| Jan 2019 | |
| Sales: | 3 |
| Avg $ Per SqFt: | $183.27 |
| Min Sale Price: | $199,000 |
| Max Sale Price: | $367,000 |
| Med Sale Price: | $289,500 |
| Dec 2018 | |
| Sales: | 1 |
| Avg $ Per SqFt: | $200.62 |
| Min Sale Price: | $260,000 |
| Max Sale Price: | $260,000 |
| Med Sale Price: | $260,000 |
| Oct 2018 | |
| Sales: | 1 |
| Avg $ Per SqFt: | $279.79 |
| Min Sale Price: | $432,000 |
| Max Sale Price: | $432,000 |
| Med Sale Price: | $432,000 |
| Sep 2018 | |
| Sales: | 1 |
| Avg $ Per SqFt: | $ |
| Min Sale Price: | $175,000 |
| Max Sale Price: | $175,000 |
| Med Sale Price: | $175,000 |
| Aug 2018 | |
| Sales: | 3 |
| Avg $ Per SqFt: | $261.26 |
| Min Sale Price: | $360,000 |
| Max Sale Price: | $875,000 |
| Med Sale Price: | $669,000 |
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Area Information | |
|---|---|
| State | CO |
| County | La Plata |
| City | Durango |
| Zip Code | 81303 |
| Area | Durango In Town |
| Listing VS Median (in 81303) | |
Price: $595,000 low | high Med: $425,000 78.571428571429% of Average On Site: 667 low | high Med: 51 100% of Average | |
MLS Number: 738857Listing Provided By:
Wendell Qualls of RE MAX Pinnacle
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