Perfect development/investment property located adjacent to Walmart, The Bureau of Reclamation Building and the new high school. Walgreens and a small strip shopping center are all close by. This 5.7 acres offers very nice views to the east of the La Plata Mountains. 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 this property. You could consider mixed-use with apartments, condos/townhomes, restaurant, tire store, medical complex, or other commercial uses. 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. Call me and I can go over some of the details in that regard.

  • MLS# 749480
  • Sub-Type Resale
  • Status Active
  • Days On Site 367
Acreage 5.70
Property View Yes
Listing Provided By:
Rick Lorenz  of  The Wells Group of Durango Inc.
 
 
 
 
 
 
 
 
 
 
 
this listing $495,000
164.07%
$187,450 in 81321
this listing 367 on site
543.86%
57 on site in 81321

Location

State CO
County Montezuma
City Cortez
Zip Code 81321
Area Cortez

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