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49617 U.S. Highway 550 Hwy 2.93 Acres of Commercial Land Offered at $3,500,000 in Durango, CO 81301
Investment Highlights
- Prime Highway Frontage
- In the Heart of Purgatory Ski Resort
- Walk to the Slopes!
- Sweeping Rocky Mountain Views
- Mixed Use Commercial Designation
Executive Summary
Presenting a rare opportunity to acquire a prime mixed-use redevelopment site in the heart of Purgatory Ski Resort north of historic downtown Durango, Colorado. This 2.9-acre parcel offers unparalleled giant mountain views and boasts significant highway frontage, for excellent visibility and year-round accessibility.
Originally built in 1969 as the Purgatory Inn, this prime site is ideal to fill a void among the needs at the Resort today, which could potentially include a boutique hotel, condos, townhomes, apartments, retail, restaurant + bar, grocery market, coffee shop...or some combination! La Plata County land use code could allow for 3-4 stories in height depending on the architectural design and the proposed use. Served by Purgatory Metro District for water and sewer as well as La Plata Electric service on-site. Existing real estate offered "As Is". No covenants.
Seize this unparalleled opportunity to develop a landmark Resort property in one of SW Colorado's premier ski destinations. This offering includes two parcels:
5089-243-13-027
Taxes 2024 $5,591
Seller: Junction Creek LLC
0.716 Acres
5089-243-13-028
Taxes 2024 $17,024
Seller: Junction Three LLC
2.214 Acres
Property Facts
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 2.93 AC |
| Price Per AC | $1,194,539.25 |
| Price | $3,500,000 |
| Price Per AC | $1,194,539.25 |
| Lot Size | 2.93 AC |
COMMERCIAL MIXED USE RESORT REDEVELOPMENT OPPORTUNITY. Presenting a rare opportunity to acquire a prime mixed-use redevelopment site in the heart of Purgatory Ski Resort north of historic downtown Durango, Colorado.
Description
COMMERCIAL MIXED USE RESORT DEVELOPMENT OPPORTUNITY Presenting a rare opportunity to acquire a prime mixed-use redevelopment site in the heart of Purgatory Ski Resort north of historic downtown Durango, Colorado. This 2.9-acre parcel offers unparalleled giant mountain views and boasts significant highway frontage, for excellent visibility and year-round accessibility. Originally built in 1969 as the Purgatory Inn, this prime site is ideal to fill a void among the needs at the Resort today, which could potentially include a boutique hotel, condos, townhomes, apartments, retail, restaurant + bar, grocery market, coffee shop...or some combination! La Plata County land use code could allow for 3-4 stories in height depending on the architectural design and the proposed use. Served by Purgatory Metro District for water and sewer as well as La Plata Electric service on-site. Existing real estate offered "As Is". No covenants. Seize this unparalleled opportunity to develop a landmark Resort property in one of SW Colorado's premier ski destinations.
Contact the Sale Advisor
49617 U.S. Highway 550 Hwy