United StatesColoradoDurango49617 N Highway 550

49617 N Highway 550
49617 N Highway 550 Durango, Colorado 81301 United States

$4,250,000
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A PIECE OF PURGATORY RESORT HISTORY: Rare opportunity to own an 8,700+ square feet piece of history at Purgatory Ski Resort. Originally built in 1969 as the Purgatory Inn (see photos), this single level property could tell so many stories! Over...

Listing Courtesy of Coldwell Banker Distinctive Properties

Listing Courtesy of Coldwell Banker Distinctive Properties
$4,250,000
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2
Full Baths
8,762 Sq Ft.
Interior
2.9 Acres
Exterior
Commercial
Property type
1969
Year Built
791707
Web Id
791707
MLS ID

About 49617 N Highway 550

A PIECE OF PURGATORY RESORT HISTORY: Rare opportunity to own an 8,700+ square feet piece of history at Purgatory Ski Resort. Originally built in 1969 as the Purgatory Inn (see photos), this single level property could tell so many stories! Over the decades it was widely known as several dining establishments including: the Elk Run Lodge, Alpenhauf Tatzer, Buckskin Charlie's, Sweeney's Sows Ear, Powder Monkey, Hamilton Chop House and then the Last Run Grill-Pub-Cafe. Good times! In 2018, the Seller completed a $200,000 remodel to convert about half of the single level building into a modern spacious residential vacation rental to be enjoyed year-round by adventure seekers in the mountains. This 5 bedroom, 4 bath residential rental is professionally managed and comes complete with billiards, ping pong, foosball, fire pit, 2 spacious living areas, a full kitchen, a kitchenette and a wetbar and a grand 2-sided wood burning river rock fireplace that used to be a centerpiece of the dining experience. The master suite also has a large wood burning stone fireplace. No covenants, not part of DMR master plan and not a part of the DMMA. A trail leads from the back door straight to the Columbine parking lot and on to the ski runs. Enjoy breathtaking BIG VIEWS of the Needles Mountains from the fire pit and various patios/decks...they might just be among the most spectacular views in all of La Plata County. Located just north of the main entrance to the Purgatory Resort, this location is easily accessible via Highway 550 year-round. This offering is for the 8,762 SF building - with about 4,500 SF of it current utilized as the vacation rental and the balance is used by the Seller personally for storage. Among the storage "spaces" that could be repurposed by the next owner include an indoor pool, the "old" ski shop and an area that used to be the commercial kitchen. PLUS this Offering includes the 2.214 acres of land directly to the south with US Hwy 550 frontage and views. So many options to be considered here...a new owner could consider building 2 additional guest homes to complement the large mountain getaway; (2) Seller has conceptual plans into the County now for 10 RV park model cabins + 100 rental storage containers; (3) it could possibly be brought back to its heyday as a restaurant/bar and/or some kind of market, (4) Seller also has conceptual multifamily plans, or (5) bring your own development plans and ideas! One-of-a-kind offering at Purgatory Ski Resort north of historic downtown Durango, Colorado.

Listing Courtesy of Coldwell Banker Distinctive Properties, CREN MLS

features

lot description
Public Transportation, laminate flooring

PROPERTY INFORMATION

Heating
Propane
Parking Description
10-20 Total Spaces
Sewer
Public Sewer Installed

EXTERIOR

Roofing
Membrane

INTERIOR

Flooring
Laminate, Slate, Tile

ADDITIONAL INFORMATION

Number of Units
1
Listing Courtesy of Coldwell Banker Distinctive Properties
This Durango Commercial is for Sale at $4,250,000 USD and was built in 1969. Has 8,762 Sq.Ft. on a lot of 2.9 Acres2 full baths.

 

Listing Courtesy of Coldwell Banker Distinctive Properties

Listing Courtesy of Coldwell Banker Distinctive Properties
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