TBD Highway 172
TBD Highway 172 Durango, Colorado 81303 United States

$1,500,000
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Developers! Investors! This is an ideal residential development parcel located in Durango, Colorado. This is a very rare opportunity to invest in a path of growth location at an attractive acquisition price. This parcel is perfectly suited for a...
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Listing Courtesy of The Wells Group of Durango, Inc.

$1,500,000
Change Currency
67.52 Acres
Exterior
Commercial
726084
Web Id
726084
MLS ID
None
Subdivision
Durango School District 9-R
School District
473
days ago

About TBD Highway 172

Developers! Investors! This is an ideal residential development parcel located in Durango, Colorado. This is a very rare opportunity to invest in a path of growth location at an attractive acquisition price. This parcel is perfectly suited for a density that would allow attainable houses in a great location. Right next to Florida Mesa Elementary and minutes to the hospital and Durango services. The opportunity is a previously entitled, viable project underwritten and priced conservatively for developer profit, whatever the measure (IRR, Net Present Value, Gross Profit, etc.). All utilities are to the site including electricity, phone, natural gas, and sanitary sewer (LLSD), with a community water system supplied by private wells which were extensively tested for county planning in 2016. A new traffic light will be required to be installed serving the project and Florida Mesa Elementary. The project is not subject to the Grandview Area Plan or the IGA. Density is up to 4 units to an acre.

Listing Courtesy of The Wells Group of Durango, Inc., CREN MLS

PROPERTY INFORMATION

Parking Description
2 per unit
Sewer
Public Sewer Available

ADDITIONAL INFORMATION

Number of Units
0

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