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1043 Main Avenue Crossroads Phase II Development Site Durango CO Real Estate
Development Opportunity in the Heart of Downtown! Rare opportunity for an investor to purchase the core of this development parcel comprising the 1027 Main Ave art gallery building, entire surface parking lot, and approximately 4,000 sq ft of underground studio / workshop / warehouse space. This is the ideal holding place for your 1031 investor or someone who would rather have their funds in real estate rather than stocks. See renderings to illustrate a portion of one option for the potential redevelopment as the second phase of the successful Crossroads Durango building, or reimagine this prime downtown lot as your own mixed-use building. This option offers a 0.35 Acre purchase that can be redeveloped into a variety of options, such as mixed use retail and residential rentals or condos, luxury hotel, commercial office space, etc. (This pricing option also allows for 32 surface parking spaces in the rear of the parcel along the west side of Narrow Gauge RR tracks to be purchased for an additional $600,000; See MLS #789567). The site could accommodate an estimated 36 parking spaces in a future underground garage for your redevelopment, providing a rare opportunity for on-site AND option for rear parking in the midst of a vibrant downtown. Contact agent for details.