Perfect development/investment property located adjacent to Walmart, the new high school, Walgreens, and a small shopping strip center. Approximately 63 acres in several contiguous pieces. This 63 acre parcel has frontage on Sligo Street, East 7th Street, as well as frontage on Highway 160 (Main Avenue). With all of the development in the area, a lot of the off-site infrastructure has already been completed when Walmart and the high school were built. This is definitely an A+ property location. There are numerous possibilities with these properties. You could consider mixed-use with apartments, condos/townhomes, restaurant, tire store, medical complex, or other commercial along Main Avenue and along Sligo. A small professional office building would be appropriate as well. With over 400 in town residential sales during the last three years, this could be an excellent spot to develop detached single-family homes. The latest annual average daily traffic (AADT) count was taken in 2016. One study was just east of Sligo and the other was a little bit further West on Main. Those counts range between 17,000-20,000 vehicles per day. This would also be a very good parcel of land to acquire and develop part of it and perhaps have your IRA own part of it.
Commercial, Residential Multi Family, Residential Single Family
The Wells Group of Durango, Inc.
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