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0 N River St
Rico, CO 81332
Silver Springs at Rico · Land For Sale · 1,146.00 AC

Investment Highlights

  • Large assemblages of land with myriad uses including multi-unit housing, hot springs development and US Forest Service land exchange.
  • The geothermal reservoir located directly below the town presents a substantial financial opportunity for a real estate development.
  • Silver Springs at Rico consists of 181 parcels, 146 claims, 6 tracts, and 29 platted lots.
  • Within a short drive of McPhee Reservoir, Lake Powell, Grand Canyon, and world-class fishing on the Gunnison, San Miguel and Uncompahgre rivers

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Hold For Development
  • Master Planned Community
  • Planned Unit Development
  • Single Family Development
Total Lot Size 1,146.00 AC
No. Stories 1
Zoning RPUD and Mining - Planning Dev

Description

Nestled in the headwaters of the Dolores River valley and surrounded by the towering peaks of the San Juan Mountains sits the quaint and charming historic mining town of Rico. Settled in 1879, Rico, which means “Rich” in Spanish, is rather rich in the history that beckons through some of the old buildings in town and echoes through tales of past pioneers on the quintessential quest to get rich by “staking their claim.” Rico once supported over 5,000 residents, 23 saloons, 2 churches and 88 active mines. The famous bonanza railroad, the Rio Grande Southern, used to roll through town transporting large amounts of silver traffic and was known as one of the most rugged and iconic narrow-gauge mountain railroads in the history of Colorado. The town sits high above sea level at an elevation of 8,827 feet with the Dolores River cutting straight through it offering nourishment to the surrounding area. Rico offers the local residents an incredible mountain lifestyle. It is an untapped hub for outdoor recreation and high alpine enthusiasts. Surrounded by aspen and pine trees with rising elevations in excess of 12,000 feet above sea level, Rico affords residents and guests many available mountain activities including mountain biking, skiing, fly fishing, horseback riding and hiking, to name a few. Rico has a prime location in the southwest within a day’s drive ora quick flight to many major sunny and warm metropolitan areas.The lifestyle amenities, combined with the new post-covid tele-commuting reality, have unlocked the potential for small, rural communities such as Rico.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 504725300053
  • 504725300041
Land Assessment
$20,426
Improvements Assessment
$21,372
Total Assessment
$41,798
  • Listing ID: 25413808

  • Date on Market: 4/6/2022

  • Last Updated:

  • Address: 0 N River St, Rico, CO 81332

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