29160 E HWY 160

29160 E HWY 160 Durango, Colorado 81303 United States

DEVELOPMENT AND INVESTMENT OPPORTUNITY! This 5.89 acre investment property is conveniently located in the booming Grandview area at the intersection to Three Springs & Mercy Hospital. Currently zoned commercial/mixed use, the property is located in a high traffic, high visibility area, conveniently situated at a stop light and accessible from all directions.The intersection improvements have already been made and central water and sewer are nearby. This property is being offered in its entirety. Though, the property is in the planning process to subdivide into 4 commercial/mixed use properties. Individual parcels will be marketed separately. Call agent for details and options. PROPERTY DETAILS - Breathtaking views, accessibility, visibility and proximity to town only adds to the value of this rare find. The value is in the land! However, the property currently has two sources for income generation.There is a purged double wide mobile with addition that is leased for $2500.00 a month (1,800+sq. ft., 3bd, 2bth, 2 car garage), plus a 4,800 square ft. warehouse/shop on a slab with 2 large bay doors and office space. The shop rental income is projected to be about $4000/mo. Exterior painting of the modular and deck repairs to be completed early summer. Call agent for details and pricing options of the various smaller lots and/or possibility to Lease/Occupy prior to Close.

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC, CREN MLS