Improved Commercial Land for Sale in Durango, Colorado

John M Wells, The Wells Group of Durango, LLC, C:,,: Located just under 1 mile from the signalized intersection with Highway 550160 and River Road, this 3 acre commercial parcel is very convenient to either receiving deliveries or for shipping as well. In addition to service industries, the regional crossroads of Highway 550 and Highway 160 is convenient as well. There is a graveled storage yard completely fenced that is over 1 acre and a 1080 square foot modular office building that is on site and connected to all utilities. Additional land can be leveled as the grade is not substantial for additional buildings or yard space.There is a well that was drilled in May of 1994 that is 197 feet deep and produced 4 gpm at that time. The modular office is serviced by a septic system and had electricity to the structure. Price per acre, this property WITHOUT allocating any value to the building is the best price per acre of any commercial/industrial land on the market.Competing parcels are priced between $555,000 to $916,000 per acre while this parcel is priced at $530,000 per acre. The property could be leased or lease purchased as well, There is a current lease for the fenced storage yard that is not a long term lease.