29909 US Highway 24 Buena Vista, CO 81211
UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $259
MLS Listing ID 8260540
Style Mountain Contemporary,Traditional
HOA Y/N No
Year Built 1970
Annual Tax Amount $17,100
Tax Year 2024
Lot Size 4.420 Acres
Acres 4.42
Property Sub-Type Special Purpose
Source recolorado
Property Description
The property is anchored by three newly constructed Chief Buildings
, each featuring heated interiors and a half bath. Currently configured as three rental units, the buildings were designed with flexibility in mind and can be divided to create up to six leasable commercial spaces, allowing an investor to significantly increase rental income over time.
Adding to the income-producing portfolio is a single-family residence tucked at the rear of the property, currently leased for $2,000 per month, along with a commercial building and apartment generating $3,300 per month. With established long-term tenants and destination businesses already in place, the property provides immediate cash flow while offering multiple avenues for future growth.
The opportunity extends even further. According to the existing site plan, there is capacity to construct an additional building along the highway, creating the potential for another revenue-generating asset in a highly visible location. Three wells and individual septic systems support the improvements, and a solar system serving the commercial building helps minimize utility expenses and enhance operating efficiency.
For investors seeking a property with current income, built-in flexibility, and substantial development potential, this asset stands out as a compelling opportunity in one of Colorado's most dynamic mountain markets. Buyers are encouraged to verify allowable uses and development options with Chaffee County under the land use code and zoning map adopted January 1, 2025.
Location
State CO
County Chaffee
Zoning Mixed Use Commercial
Interior
Fireplace N
Exterior
Roof Type Composition,Metal
Total Parking Spaces 50
Garage No
Building
Sewer Septic Tank
Water Well
Structure Type Frame,Metal Frame,Metal Siding,Wood Siding
Others
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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