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.
| yesterday | Listing updated with changes from the MLS® | |
| yesterday | Listing first seen on site |
