32243 N Hwy 550 Durango, CO
$ 2,175,000
Property Attributes
  • MLS#771243
  • TypeMulti-Family
  • CountyLA PLATA
  • CityDurango
  • AreaDurango Rural
  • Zip81301
  • Style
  • Year Built1968
  • Taxes5901
  • Price$ 2,175,000
  • Bedrooms0
  • Full Bathrooms9
  • Half Bathrooms1
  • Sqr Footage11568
  • Lot Size3.32 Acres
Listing Provided Courtesy Of:
Keller Williams Realty Southwest Associates, LLC
Property Description

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.

Elementary School Middle School High School
Animas Valley K-5 Elementary School Miller 6-8 Middle School Durango 9-12 High School
Price History
6/24/2020 Listed $2,175,000

General Features

Green Certification Y/n No
Hoa Y/n No
New Construction Y/N No
Status Active
Status Active
Subdivision None
Type Other
Zoning Other

Interior Features

1/4 Baths 1
Full Baths 9
Total Rooms 9

Exterior Features

Apx. Irrigation Acres 1
Carport No
Horse Setup No
Lot Dimensions 3.32 acres
Lot Size Area 3.32
Water Rights/irrig. Yes
Waterfront No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81301

AVG $1.43M
AVG $3,857
AVG 82
Year Built
AVG 1957
AVG 47
Data Provided by Walkscore ® not using MLS data

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