49617 N Us Hwy 550, Durango, CO

Land for Sale - $3,500,000


Agent Info

Jaime Marquez
Coldwell Banker Mountain Properties

Property Info

CIMLS#1175288
Location
  49617 N Us Hwy 550
  Durango CO 81301
UpdatedApril 28th, 2025
TypeLand
Price$3,500,000

Property Description

COMMERCIAL MIXED USE RESORT DEVELOPMENT OPPORTUNITY Presenting a rare opportunity to acquire a prime mixed-use redevelopment site in the heart of Purgatory Ski Resort north of historic downtown Durango, Colorado. This 2.9-acre parcel offers unparalleled giant mountain views and boasts significant highway frontage, for excellent visibility and year-round accessibility. Originally built in 1969 as the Purgatory Inn, this prime site is ideal to fill a void among the needs at the Resort today, which could potentially include a boutique hotel, condos, townhomes, apartments, retail, restaurant + bar, grocery market, coffee shop...or some combination! La Plata County land use code could allow for 3-4 stories in height depending on the architectural design and the proposed use. Served by Purgatory Metro District for water and sewer as well as La Plata Electric service on-site. Existing real estate offered "As Is". No covenants. Seize this unparalleled opportunity to develop a landmark Resort property in one of SW Colorado's premier ski destinations.


Financials