Incredible investment opportunity located in the City of Durango’s North Main Gateway Renewal Area. This commercial/residential property currently consists of 1 commercial storefront and 2 residential units with gross monthly rents equal to $4,350 as of April 1, 2024. Various opportunities exist for the next owner of this strategically located mixed use property, from maintaining rental units, moving in to one of the residential units, to redeveloping the lot entirely. This is a highly visible commercial/retail location that would also be fantastic for infill housing with potential incentives available by the City of Durango’s urban renewal initiative. Downstairs studio unit and upstairs one bedroom unit with roof-top deck are both rented on a month-to-month basis to provide the new owner maximum flexibility. THIS LISTING IS FOR THE BUILDING ONLY. THE BUSINESS IS NOT FOR SALE.
| Price | $750,000 |
|---|---|
| Bathrooms | 2 Full | 1 Partial Baths |
| Year Built | 1898 |
| Property Type | Commercial |
| Listing # | 811997 |
| Status | Active |
| County | La Plata |
| Listing Type | For Sale |
| Square Feet | 2,416 |
|---|
| Lot Size | 0.13 acres |
|---|
| MLS Area | Durango In Town |
|---|
Courtesy of Trevor Woods, Harmony Real Estate, LLC
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