Tbd Main Ave & Sligo

Cortez, CO 81321

About this property

Perfect development/investment property located adjacent to Walmart, the new high school, Walgreens, and a small shopping strip center. Approximately 63 acres in several contiguous pieces. This 63 acre parcel has frontage on Sligo Street, East 7th Street, as well as frontage on Highway 160 (Main Avenue). 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 these properties. You could consider mixed-use with apartments, condos/townhomes, restaurant, tire store, medical complex, or other commercial along Main Avenue and along Sligo. 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.

Date Added
September 30, 2019
Listing Status
Active
Days On Site
180
MLS#
763480

Features and Additional Information

Lot Size
2,744,280 SqFt
Acreage
63.00
Property Type
Land
Style
Sub-Type
Resale
Year
Garage
0
Pool
No
Story(s)
Property View
Yes
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$950,000 Active
0 Beds
0 Baths
0 SQFT

Presented By Coldwell Banker Heritage House

Get in touch today! Phone: (970) 259-3333
Brokerage
Durango
(970) 259-3333
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Area Information

Cortez | Montezuma County |

$ 950,000
This listing is play_arrow 408.0% higher than the average in the area
$ 187,000 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
180 days on site
This listing is play_arrow 215.8% above the average in the area
57 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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