20800 W Us Hwy 160, Durango, CO 81303
sale
$2,500,000
|
Other
Courtesy Of The Wells Group of Durango, LLC
Zane Wells, The Wells Group of Durango, LLC, C: 970-317-1095, zane@wellsgroupdurango.com, www.crenmls.com: 46.1 acres located just 1.5 miles from Main Street in Durango, Colorado, representing a rare large-scale infill opportunity within city limits. Parcels of this size with close proximity to downtown are increasingly limited, positioning this property as a strategic acquisition for developers seeking scale, flexibility, and long-term upside.The property carries a combination of Rural/Agricultural and Commercial General zoning. Existing entitlements allow for a range of commercial and limited rural uses, and the site includes an operating gas station tenant providing in-place income. The lease is not long term, offering flexibility for a future owner to redevelop, reposition, or potentially subdivide the gas station parcel as part of a phased strategy.Approximately two acres of flat, creek-side ground provide highly buildable terrain with strong potential for townhomes, multifamily, or mixed-use concepts. An additional 2+ acres across the creek could also be evaluated for future development, expanding overall density potential and site design options.A residential or multifamily development would require a change of use and approval through the City of Durango s planning and entitlement process. Developers should consult with city planning staff to evaluate rezoning, density allowances, infrastructure requirements, and annexation or land use considerations as applicable.With utilities accessible and a location minutes from downtown amenities, this property offers the opportunity to execute a phased development plan that blends interim income with long-term entitlement and vertical upside in one of Southwest Colorado s most supply-constrained markets.
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Property Features
- Age: 31-40 Years Old
- Architecture Style: Other
- MLSID: 831804
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