1929 S Us Hwy 550, Durango, CO 81303 listing details

About 1929 S Us Hwy 550, Durango, CO 81303 This property has so much potential. It is a commercial property with HWY 550 S frontage. 9910 SF includes 3 apartments, office/store, 2 RV pads and 4400 SF of warehouse, all on 3 acres. Multi Use - commercial and residential, great investment! Residential units are fully leased for a total of $3150 p/mon. This property has housed multiple very successful businesses in the past 5-10 years. The huge open warehouse space is in the back of property; the large retail and showroom space fronts Hwy 550 S, and additional covered outdoor retail space of 1242sf. Two individual 2065 SF apartments (total over 4100 square feet)are over the warehouse. These apartments live like houses, have top notch interiors, yard, patio, and privacy up the hill behind. There are also two full hookup RV spaces and a small apartment that connect to the retail space. Currently apartments are rented, $1200 (plus utilities) for the units above the warehouse, $750 for small apt with utilities included. Retail space would bring in additional income, as would the warehouse. Add in the RV spaces, which rent for $300 per month and this property has the potential to bring in some substantial income. Expenses are low, live in a unit while you run your business. Plenty of parking, nice yards, privacy for the apartments, views, location is great for retail, restaurant, convenience store, opportunities are endless. Call Listing agent for more details on figures and income.