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Key Details
Sold Price $585,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 336 sqft
Price per Sqft $1,741
MLS Listing ID 9108709
Style Cottage
Year Built 1900
Annual Tax Amount $1,468
Tax Year 2023
Lot Size 4,791 Sqft
Property Description
Discover a rare and exciting opportunity in the heart of Buena Vista's bustling downtown district! Located on Main Street, this vacant lot is perfectly positioned for commercial or mixed-use development. Here’s why this property is a must-see for savvy investors: Central Location: Nestled in the rapidly growing downtown area, this lot offers prime visibility and accessibility on Main Street, making it ideal for businesses looking to thrive in a vibrant community. Development-Ready: A 4" DIP water line is already installed, fully accommodating a fire suppression system for any future commercial development, ensuring safety and compliance from the start. Opportunity Zone Benefits: Take advantage of the Colorado Opportunity Zone Program, which provides significant tax incentives, including favorable treatment of reinvested capital gains and forgiveness of tax on new capital gains. This is a unique financial benefit that enhances the appeal of your investment. Current Tenants: The Main Street frontage is leased to a popular food truck vendor until October, bringing steady foot traffic to the location. At the rear of the lot, a worn 336-square-foot residence is leased on a month-to-month basis, offering flexibility and additional income. Please note, a 24-hour notice is required to view the interior. If you're seeking a prime commercial investment in downtown Buena Vista, don't miss out on this property. Seize this chance to be part of a dynamic and growing community—schedule your viewing today!
Location
State CO
County Chaffee
Zoning MU-MX Mixed use
Interior
Heating Floor Furnace
Cooling None
Exterior
Parking Features Driveway-Gravel
Fence None
Utilities Available Electricity Available, Electricity Connected
View City
Roof Type Composition
Building
Lot Description Historical District, Level
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Avery Parsons
Middle Schools Buena Vista
High Schools Buena Vista
School District Buena Vista R-31
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with First Colorado Land Office, Inc.
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Chad Nash, The Real Estate Doctor
CEO / Real Estate Wealth Advisor
CEO / Real Estate Wealth Advisor