Developers! Investors! This is an ideal residential development parcel located in Durango, Colorado. This is a very rare opportunity to invest in a path of growth location at an attractive acquisition price. This parcel is perfectly suited for a density that would allow attainable houses in a great location. Right next to Florida Mesa Elementary and minutes to the hospital and Durango services. The opportunity is a previously entitled, viable project underwritten and priced conservatively for developer profit, whatever the measure (IRR, Net Present Value, Gross Profit, etc.). All utilities are to the site including electricity, phone, natural gas, and sanitary sewer (LLSD), with a community water system supplied by private wells which were extensively tested for county planning in 2016. A new traffic light will be required to be installed serving the project and Florida Mesa Elementary. The project is not subject to the Grandview Area Plan or the IGA. Density is up to 4 units to an acre. This property is up for Auction on April 26, 2018. Contact Auction Services Group, Inc. at 888-442-8008 or 312-223-8324.
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