$2,450,000

1401 Main Avenue

Durango CO, 81301

Description

Prime development opportunity for a new 42 unit, 4 story condominium complex with potential for commercial space. Subject property is located in an OPPORTUNITY ZONE allowing for an investor to defer and potentially avoid all capital gains taxes.Property may also be eligible for urban renewal benefits. Please call for more information.

Details

MLS#768672
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1957
Days On Site73

Features

SQ Feet4,550
Story(s)1
Units2
ZoningMulti Use

Market Activity 81301

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Area Information

StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$2,450,000
low | high
Med:
$389,000
100% of Average
SqFt:
4,550
low | high
Med:
1,328
100% of Average
$ / SqFt:
$538
low | high
Med:
$293
95.600258175559% of Average
On Site:
73
low | high
Med:
201
36.318407960199% of Average
Listing Updated: 07/04/2020
Stephen Brinley LogoMLS Number: 768672
Listing Provided By:
Stephen Brinley  of  SCB and Associates



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