48721 N Highway 550, Durango, CO 81301
48721 N Highway 550, Durango, CO 81301
48721 N Highway 550, Durango, CO 81301
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Michelle Brown, CNE, SRS, SFR, RENE

Michelle Brown, CNE, SRS, SFR, RENE

+1(970) 759-6958
$2,175,000
Est. payment /mo
3 Baths
1,901 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 1,901 sqft

Price per Sqft $1,144

Subdivision Lake Purg2

MLS Listing ID 832610

Full Baths 3

Year Built 1969

Annual Tax Amount $4,163

Tax Year 2022

Lot Size 1.510 Acres

Acres 1.51

Property Sub-Type Other

Property Description

"High Income Producer with Strong Cash Flow and a Great Tenant" Tenant purchased and owns the Nugget Mountain Bar LLC and pays a monthly lease to the Owner/Landlord. Tenant will stay on for the remainder of the 7 year lease or sell the LLC and vacate the premises to allow the new owner to operate the facility. Perfect for an Investor or a Mom and Pop Operator. Seller will Owner Finance the sale of the subject property to a qualified buyer. Contact agent for more information. This property is located at the base of the "New Colorado Couloir Ski Run" and the "New Gelande Lift", set to be installed this coming summer, making this property a true ski in ski out location. The Nugget is the most popular bar and restaurant in the north county ski area. The property the Nugget sits on is zoned commercial/residential and has the ability to be further developed with more nightly rentals and additional parking. The adjacent lands to the west and south are currently going through the planning and zoning process for a single family, multifamily and condominium development, creating an adjacent neighborhood of approximately 200 plus new units.

Location

State CO

County La Plata

Interior

Heating Electric Baseboard, Forced Air, Wood Stove

Flooring Wood

Furnishings Unfurnished

Exterior

Parking Features 20 + Total Spaces

Utilities Available Electric, Propane-Tank Leased, Sanitary Sewer

Roof Type Metal

Building

Story 1

Foundation Stemwall

Sewer Public Sewer Installed

Water Well-Other

New Construction No

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Colorado Real Estate Network (CREN) + Sold
Listed by SCB and Associates

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48721 N Highway 550

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