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Erin Dale

Realtor®

  • Cell (970) 426-0333
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32243 N Hwy 550, Durango, CO – $2,175,000

  • $2.2M Price
  • 11,568 Sqft
  • 3.32 Acres
  • $2.2M Price
  • 11,568 Sqft
  • 3.32 Acres

32243 N Hwy 550

This is a fantastic income producing property, in a wonderful location in the North Animas Valley. This property has 9 residential rental units, two commercial units, and a healthy dry storage clientele of mostly RV's and Boats. Zoning for this property is neighborhood commercial, which is best described as "mixed use" allowing for both residential and light commercial uses. This location with the Hermosa Creek Grill, Speedway Gas Station, Hermosa Mini Storage - off Mead Lane - has been identified by the La Plata County Planning Department, as a growth hub of the North Animas Valley. Opportunities like this do not come to the market every year in La Plata County, offering approximately 519 feet of highway frontage - on a hard corner - with stable and consistent income, in an identified growth hub. This property is being offered at a 7% Cap Rate, which is competitive for our marketplace. Call Listing Broker for more details.

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Essential Information

  • MLS® #771243
  • Price$2,175,000
  • Full Baths9
  • Square Footage11,568
  • Acres3.32
  • Year Built1968
  • TypeMulti-Family
  • Sub-TypeOther
  • StatusActive

Community Information

  • Address32243 N Hwy 550
  • AreaDurango Rural
  • SubdivisionNone
  • CityDurango
  • CountyLa Plata
  • StateCO
  • Zip Code81301

School Information

  • ElementaryAnimas Valley K-5
  • MiddleMiller 6-8
  • HighDurango 9-12

Additional Information

  • Days on Website119
  • ZoningOther

Listing Details

Office

Keller Williams Realty Southwest Associates, LLC

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Price Change History for 32243 N Hwy 550, Durango, CO (MLS® #771243)

Date Details Change
Status Changed from NEW to Active

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