21516 W Hwy 160

Durango, CO 81303

About this property

"OPPORTUNITY ZONE" with "TAX INCENTIVES" on HIGHWAY 160 this is one of the larger commercial parcels in the City limits. Prime 2.04 acre Commercial high visibility property on US Highway 160 located 0.5 miles from downtown Durango is an opportunity for many possibilities. Property includes a 4,070 sq ft single level versatile block building with handicap access, paved parking, and currently leased as retail outlet, plus the yard space is rented for vehicle storage on a month to month basis. Previously the Shakey's Pizza Franchise Restaurant location this single level space with 3 restrooms, and outdoor space on Junction Creek opens many possibilities. With CDOT Average Daily Trips exceeding 22,000 vehicle per day this is a perfect location for a restaurant that would have more parking than any other location in Durango, and there are over 5 hotels on this West side of town, plus the Tech Center traffic, and all the traffic going to Mesa Verde and coming into town from the West with few options for breakfast, lunch, and dining. The property is Zoned "Commercial General", and is served by a Commercial Water Tap, Durango Central Sewer, all utilities available, plus high speed internet. The Atmos Gas 12 month average billing was $184 per month, and the LaPlata Electric average monthly billing was $368 per month. The single level block building has flat roof, gas heat, 3 bathrooms, and could be easily repurposed into other use than the current retail store (see floor plan in "Associated Docs"). Adjacent to Jiffy Lube, this close to level property and location would work well for automotive repair / parts / sales shop, or a motel, or......

Date Added
January 30, 2019
Listing Status
Pending - Show
Days On Site
287
MLS#
753706

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Mixed Use
Sub-Type
Resale
Year
1972
Garage
0
Pool
No
Story(s)
1
Property View
No
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$1,550,000 Pending - Show
0 Beds
0 Baths
4,070 SQFT

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Brokerage
Durango
(970) 259-3333
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Area Information

Durango In Town | La Plata County |

$ 1,550,000
This listing is play_arrow 269.0% higher than the average in the area
$ 420,000 in the area
4,070 SqFt
This listing is play_arrow 19.5% larger than the average in the area
3,406 SqFt in the area
$ 381 $/SqFt
This listing is play_arrow 142.5% more than the average in the area
$ 157 $/SqFt in the area
287 days on site
This listing is play_arrow 374.4% above the average in the area
61 days on site in the area

Schools in the Area

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