1043 Main Avenue #Crossroads Phase II Development Site, Durango, CO 81301
1043 Main Avenue #Crossroads Phase II Development Site, Durango, CO 81301
1043 Main Avenue #Crossroads Phase II Development Site, Durango, CO 81301
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Michelle Brown, CNE, SRS, SFR, RENE

Michelle Brown, CNE, SRS, SFR, RENE

+1(970) 759-6958
$1,450,000
Est. payment /mo
15,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Use

Listing Status Active

Purchase Type For Sale

Square Footage 15,000 sqft

Price per Sqft $96

MLS Listing ID 834044

Tax Year 2025

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Multi-Use

Property Description

Development Opportunity in the Heart of Downtown! Don't miss this rare investment opportunity to purchase this centrally located development parcel along historic Main Avenue, comprising the 1027 Main Ave art gallery building, entire surface parking lot, and approximately 4,000 sq ft of underground workshop / warehouse space. This is the ideal holding place for your 1031 investor or someone who would rather have their funds in real estate rather than stocks. Receive monthly parking and gallery rental income while you plan your redevelopment. See renderings to illustrate a portion of one option for the potential redevelopment as the second phase of the successful Crossroads Durango building, or reimagine this prime downtown lot as your own mixed-use building. This option offers a 0.35 Acre purchase that can be redeveloped into a variety of options, such as mixed use retail and residential rentals or condos, luxury hotel, commercial office space, etc. There are 35 surface parking spaces currently located within the lot parcel. (This offering could also include 32 surface parking spaces in the rear of the parcel along the west side of Narrow Gauge RR tracks for an additional $600,000; See MLS #834045). The site itself could accommodate an estimated 35-36 parking spaces in a future underground garage for your redevelopment, providing a rare opportunity for on-site AND option for rear parking in the midst of a vibrant downtown. Contact agent for details.

Location

State CO

County La Plata

Interior

Furnishings Unfurnished

Exterior

Parking Features 20 + Total Spaces, In Rear of Building, Other

Garage Spaces 35.0

Building

Story TBD

New Construction No

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Colorado Real Estate Network (CREN) + Sold
Listed by Durango Land and Homes

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1043 Main Avenue #Crossroads Phase II Development Site

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