$850,000
$900,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
0.29 Acres Lot
SOLD DATE : 04/22/2022
Key Details
Sold Price $850,000
Property Type Vacant Land
Sub Type Improved Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7715295
Sold Date 04/22/22
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $8,771
Tax Year 2021
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 100x125
Property Description
This property presents a unique commercial/residential opportunity in the heart of Buena Vista. The large corner lot (4 town lots) is one block off of East Main St at the South East corner of Cedar and Beldan - a perfect location for any number of business or residential ventures. The Mixed Use 2 zoning means there is great flexibility for your project here. The neighborhood includes apartment buildings, condominiums, single family homes, businesses and the future Buena Vista Town Campus. The Buena Vista Town Campus will be a center for community municipal and recreation facilities.
The town of Buena Vista lies within a Colorado Opportunity Zone The Colorado Opportunity Zone Program encourages long-term private investments in designated low-income communities by giving investors tax incentives for investing in real estate projects and operating businesses. Investors receive tax incentives in the form of deferrals, reductions, and possible elimination of certain federal capital gains taxes.
The property is currently the site of "Eastside Storage". There are two buildings on the property with a total of 32 storage units. The sale includes these buildings but not the business. Current tenant leases (month to month) will be transferred with the sale of the property. The storage units provide reliable and steady income while plans are being developed and approved. Financial performance information is available under non-disclosure agreement. The "Eastside Storage" business is not for sale. Tenant records, security deposits and pre-paid rents will be transferred to buyer at closing. Buyer to determine how they will proceed with this business. The storage unit buildings have no electricity or plumbing. They are 100% steel buildings on concrete slabs. They may be dis-assembled and erected on a slab in some other location. The only demolition would be the two concrete slabs.
Location
State CO
County Chaffee
Zoning MU-2
Interior
Fireplace N
Exterior
View City, Mountain(s)
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Schools
School District Buena Vista R-31
Others
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Special Listing Condition None
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