28860 Highway 160

Durango, CO 81303

$2,995,000
Price
Beds
8
Baths
3
1/2 Baths
5,953 Sq. Ft.
$503 / Sq. Ft.
5,953
Sq. Ft.
$503
per Sq. Ft.

Description

Fantastic opportunity for both immediate income and future development! This property boasts ownership of land and buildings, featuring long-term tenants already in place. The site includes the well known Grandview Gas and Convenience Store, a bustling deli, and a standalone apartment building—all generating an approximate annual income of $120,000. Strategically situated with existing infrastructure and highway accessibility, this property is ideally located opposite the hospital and Three Springs....Fantastic opportunity for both immediate income and future development! This property boasts ownership of land and buildings, featuring long-term tenants already in place. The site includes the well known Grandview Gas and Convenience Store, a bustling deli, and a standalone apartment building—all generating an approximate annual income of $120,000. Strategically situated with existing infrastructure and highway accessibility, this property is ideally located opposite the hospital and Three Springs. Although the property has a well (not in use), there's an existing 3000 gallon cistern and plans for a central water hookup. Additionally, the eastern lot is leased by two reputable towing companies, included in the revenue streams. With its prime location, established tenants, and potential for future growth, this property presents a rare and lucrative investment opportunity.
  1. Listed by Sherry Exum-Peterson • The Wells Group of Durango, LLC
  2. Listed by Aaron Peterson • The Wells Group of Durango, LLC

Property Details for 28860 Highway 160

Water Front
No
LISTING UPDATED: 08/28/2024 10:26 AM

Property Details for 28860 Highway 160

StatusActive
MLS #813138
Days on Market236
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use w/Res
Year Built1960
Lot Size4.60 AC / 200,376 SF
CountyLa Plata County

Building Information for 28860 Highway 160

Stories-Residences3Year Built1960Lot Size4.60 AC / 200,376 SF

Property Information for 28860 Highway 160

Summary
Location and General Information
  • Directions: Hwy 160 East of Durango to 28870 E Hwy 160. Property is on the south side of Hwy 160 just before the hospital entrance.
  • Property Known As: Sonoco Upper E. side Deli
Owner
  • Owner Name: Grandview Properties, LLC
Parking
  • Carport Y/N: No
  • Parking Spaces: 20
  • PARKING: Paved, Partially Paved, 20 + Total Spaces
Taxes and HOA Information
  • Tax Account ID: R006706
  • Tax Year: 2023
  • Total Taxes $: agnt rmrks
Property
Property and Assessments
  • FIPS Code: 08067
  • Legal/Lot Block: Tract 1: Lots 1, 2 and 3 of Grand View Subdivision, according to the plat thereof filed for record September 28, 1957 as Reception No. 272651 Tract II: E1/2SE1/4NE1/4NW1/4 and the E1/2NE1/4SE1/4NE1/4/NW1/4 of Section II, Township 34 North, Range 9 West N.M.P.M., also known as Lot 2, G-I Tracts, according to the plat thereof filed for record March 30, 1957 as Reception No. 267644 Less and Except that part used as US Highway No 160
  • Photo Count: 14
  • New Construction Y/N: No
  • Covenants Y/N: YES
  • Board Name: Durango Area Assn of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Restaurant, Other, Mixed Use
  • Possible Property Use: Mixed-Use
  • Lot Dimension: 4.548
  • Parcel ID #: 5.66911102001E11
  • Property Description: Other
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Other
  • DOMESTIC WATER: Well or Cistern Installed, Other
  • Total # Electric Meters: 3
  • Existing Utilities: Sanitary Sewer, Water, Electric, Propane-Tank Owned
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 3
Interior and Exterior Features
Room Information
  • 1/2 Baths: 3
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 11.00
Interior Features
  • Furnished: Unfurnished
  • Main SF: 5953
  • Foundation: Slab, Concrete
  • Heating Fuel/Source: Electric, Propane
  • Ceiling Height: 8 ft
Rental
Rental Information
  • CAM Y/N: No
  • Monthly Insurance Charges: Lessee

Property History for 28860 Highway 160

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 28860 Highway 160

Taxable ValueLand$193,280Additions-Total$193,280
Tax Record2023$8,192 ($683 / month)
Home Facts
Lot Size78,408 SqFtStyleCommercialCountyLA PLATAAPN5669-112-00-022

Schools near 28860 Highway 160

This home is within Durango 9-R School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 5 to 12
Rating
School
Distance
Florida Mesa Elementary School
PublicPK to 5

Escalante Middle School
Public6 to 8

Durango High School
Public9 to 12

Robert Denier Youth Services Center
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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28860 Highway 160 is a mixed use property for sale in Durango, CO 81303. This property was listed for sale on May 1, 2024 by The Wells Group of Durango, LLC, it's currently listed at $2,995,000. This listing's school district is Durango 9-R School District. Nearby schools include Florida Mesa Elementary School, Escalante Middle School and Durango High School. 28860 Highway 160 is a 0-bed, 9.5-bath, 5,953 sqft mixed use property built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Wells Group of Durango, LLC, Sherry Exum-Peterson; The Wells Group of Durango, LLC, Aaron Peterson

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.