28860 E US HWY 160 Durango, CO 81301

Mixed Use Residence

Beds

11 Baths

5,953 Sq. Ft.

4.6 Acre Lot

Property Activity

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Last updated on 11/25/2024 10:30 AM

Listing Details

Fantastic opportunity for both immediate income and future development! This property boasts ownership of land and buildings, featuring long-term tenants already in place. The site includes the well known Grandview Gas and Convenience Store, a bustling deli, and a standalone apartment buildingâ??all... generating an approximate annual income of $120,000. Strategically situated with existing infrastructure and highway accessibility, this property is ideally located opposite the hospital and Three Springs. Although the property has a well (not in use), there's an existing 3000 gallon cistern and plans for a central water hookup. Additionally, the eastern lot is leased by two reputable towing companies, included in the revenue streams. With its prime location, established tenants, and potential for future growth, this property presents a rare and lucrative investment opportunity. Continue reading

MLS#

813138

Property Type

Mixed Use

Bathrooms

8 Full/3 Half

Year Built

1960

Square Feet

5,953 sq. ft

Price per Sq. Ft.

$503.11