Ellie Ellis - Coldwell Banker Distinctive Properties

IQWeb_Description

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.

IQWeb_Details

IQWeb_MLS741427
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Days_on_Site190

IQWeb_Features

IQWeb_SQ_Feet20,735
IQWeb_Storys1
IQWeb_Units5
IQWeb_ZoningPlanned Unit Development - CBD

IQWeb_Market_Activity 81301

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IQWeb_Area_Information

IQWeb_StateCO
IQWeb_CityDurango
IQWeb_Zip_Code81301
IQWeb_AreaDurango In Town
Listing VS Median (in 81301)
Price:
$1,850,000
low | high
Med:
$429,000
100% of Average
SqFt:
20,735
low | high
Med:
957
100% of Average
$ / SqFt:
$89
low | high
Med:
$448
100% of Average
On Site:
190
low | high
Med:
15
100% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 741427
IQWeb_Listing_Provided_By:
Christina Rinderle  IQWeb_of  Durango Land and Homes



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