Tbd Cactus

Cortez, CO 81321

About this property

Perfect development/investment property located adjacent to Walmart, The Bureau of Reclamation Building and the new high school. Walgreens and a small strip shopping center are all close by. This 5.7 acres offers very nice views to the east of the La Plata Mountains. With all of the development in the area, a lot of the off-site infrastructure has already been completed when Walmart and the high school were built. This is definitely an A+ property location. There are numerous possibilities with this property. You could consider mixed-use with apartments, condos/townhomes, restaurant, tire store, medical complex, or other commercial uses. A small professional office building would be appropriate as well. With over 400 in town residential sales during the last three years, this could be an excellent spot to develop detached single-family homes. The latest annual average daily traffic (AADT) count was taken in 2016. One study was just east of Sligo and the other was a little bit further West on Main. Those counts range between 17,000-20,000 vehicles per day. This would also be a very good parcel of land to acquire and develop part of it and perhaps have your IRA own part of it. Call me and I can go over some of the details in that regard.

Date Added
September 30, 2019
Listing Status
Active
Days On Site
241
MLS#
763481

Features and Additional Information

Lot Size
248,292 SqFt
Acreage
5.70
Property Type
Land
Style
Sub-Type
Resale
Year
Garage
0
Pool
No
Story(s)
Property View
Yes
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$495,000 Active
0 Beds
Baths
0 SQFT

Presented By Coldwell Banker Distinctive Properties, Vail

Get in touch today! Phone: (970) 476-2113
Brokerage
Vail
(970) 476-2113
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Area Information

Cortez | Montezuma County |

$ 495,000
This listing is play_arrow 182.9% higher than the average in the area
$ 175,000 in the area
7,679 SqFt
This listing is play_arrow 339.10% larger than the average in the area
1,972 SqFt in the area
$ 231 $/SqFt
This listing is play_arrow 22% less than the average in the area
$ 295 $/SqFt in the area
241 days on site
This listing is play_arrow 20.2% below the average in the area
302 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School

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