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49617 N Highway 550

Hospitality

Listing Contacts

Active

Asking Price: $3,500,000
Earnest Money  Deposit: $100,000 min.
Listing Broker NameLuis Marquez
Brokerage NameColdwell Banker Mountain Properties

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Address 

49617 N US Highway 550, Durango, CO 81301

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Date Added
Mar 28, 2022
Days on Market
1122 days
Time Since Last Update
9 days

Details

Property TypeHospitality, Land, Mixed Use, Multifamily
SubtypeCommercial, Hotel
Investment TypeRedevelopment
Investment Sub TypeMixed Use Site with Views
ZoningMixed Use
Broker Co-OpYes
OwnershipPrivate
IntelligenceINTELLIGENCE
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Marketing 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.​

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Investment Highlights

2.9-Acre Development Parcel at the Main Entrance to Purgatory Ski Resort north of historic downtown Durango, CO

Prime Mixed Use Location with Highway Frontage and Giant Views

Ideal for condos, boutique hotel, apartments, retail, restaurant, bar or some combination

Height allowance is 3-4 stories depending on use and architectural design

Site is served by Purgatory Metro District for water and sewer

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Due Diligence

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Broker of Record
Luis Marquez
Broker of Record: License Type
FA100086964
Broker of Record: Company Name
Coldwell Banker Mountain Properties
Broker of Record: Title
Broker Associate
Broker of Record: Phone Number
Call
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