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4 County Road 124 8,651 SF 100% Leased Retail Building Hesperus, CO 81326 $1,950,000 ($225.41/SF) 7% Cap Rate
Investment Highlights
- Gorgeous Italian style property in the heart of the San Juan Mountains. Restaurant, Home, STR, Apartment, and Event Center all on the property!
Executive Summary
Here in the heart of SW Colorado, opportunities like this don't come around often. Sitting on almost 2.5 acres, this commercial property offers a gorgeous restaurant, a 3 bed 2 bath Italian style residence, a cash flowing short-term-rental, storage areas, and a 1-bedroom apartment. A deeded Shalako well, revamped septic systems, natural gas, and over 220 ft of HWY 160 frontage, and room to expand new opportunities for a wedding venue, more housing, and/or more rentals. For the right buyer, the opportunities are endless on this mixed-use, commercial property. For starters, the setting just screams"Colorado"! The towering snow capped peaks of the La Plata's frame the restaurant as it sits at the entrance to La PlataCanyon which offers hiking, camping, and connection to the Colorado Trail. The Kennebec restaurant has been a Durango staple for decades offering fine dining within the walls of the gorgeous Italian style building, complete with 3 separate patios.Ask anyone in Durango and they will rave about The Kennebec. Not only does this property offer built in business opportunity and cash flow, it provides the new owner room to grow and expand. The northern part of the lot has been left asa blank slate for your imagination! Think wedding venue, expanded housing opportunities, or create more cash flowing rentals. The land and the infrastructure are already here creating a launchpad for success. Back in the day (1960's) there was a thriving motel at this location. A quick 12 min to downtown Durango, or head south to Farmington, east to Mancos andCortez, or north to Telluride. An epic location - all that's missing is a new owner with some vision to capitalize even more on this special opportunity. Be sure to watch the less than 2 min video which does a good job on capturing not only the beauty and current use of the property, but also the opportunity that awaits1
Data Room Click Here to Access
- Operating and Financials
- Miscellaneous
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,651 SF
Building Class
B
Year Built
1953
Price
$1,950,000
Price Per SF
$225.41
Cap Rate
7%
NOI
$136,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
2.44 AC
Zoning
Mixed Use - There is a restaurant, retail space, house, STR, and apartment at this multi-use diverse property! Room to expand as well with an event center...
Frontage
437’ on County Road 124
Amenities
- Atrium
- Courtyard
- Dedicated Turn Lane
- Freeway Visibility
- Mezzanine
- Restaurant
- Security System
- Signage
- Skylights
- Wheelchair Accessible
- PATH
- Smoke Detector
- Cafe
- Awning
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | R420687 | Improvements Assessment | $0 (2026) |
| Land Assessment | $8,940 (2026) | Total Assessment | $8,940 (2026) |
Property Taxes
Parcel Number
R420687
Land Assessment
$8,940 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$8,940 (2026)
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
4 County Road 124