$350,000
$350,000
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3,049 Sqft Lot
SOLD DATE : 07/29/2022
Key Details
Sold Price $350,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 8442543
Sold Date 07/29/22
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $2,487
Tax Year 2021
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 25'x133'
Property Description
25’ wide x 133’ deep lot on E Main Street right in the heart of the downtown historic business district. This property is zoned MU-MS (Mixed Use Main Street) and is one of the only areas in town that is exempt from the new Short Term Rental restrictions. The ideal use would be to build a commercial unit facing E. Main with residential units in back and on the second floor. This block is the natural extension of the E. Main Street business district. There is a lot of exciting development happening on this end of E. Main St, including the new La Vista (www.lavistabv.com) commercial/residential project just 50' away. The land is clear and ready to build. Water, sewer, power, and fiber optic high speed internet are available. This property is directly across the street from Avery Parsons Elementary School, 350’ from House Rock Kitchen, 1,800’ from the Arkansas River, and sees a tremendous amount of foot and vehicle traffic. The sellers have architectural plans and engineering work that is approximately 80% complete for a commercial unit and 7 apartments that they are willing to sell outside of the real estate transaction. Buena Vista is within the Colorado Opportunity Zone. This economic and community development tax incentive program provides a new impetus for private investors to support distressed communities through private equity investments in businesses and real estate ventures. The incentive is deferral, reduction and potential elimination of certain federal capital gains taxes.
Location
State CO
County Chaffee
Zoning MU-MS
Interior
Fireplace N
Exterior
Fence None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available
View City, Mountain(s)
Garage No
Building
Lot Description Historical District, Level
Sewer Public Sewer
Water Public
Schools
School District Buena Vista R-31
Others
Ownership Corporation/Trust
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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