$250,000
$278,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
3,049 Sqft Lot
SOLD DATE : 12/08/2022
Key Details
Sold Price $250,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Buena Vista
MLS Listing ID 5474254
Sold Date 12/08/22
HOA Y/N No
Originating Board recolorado
Annual Tax Amount $2,337
Tax Year 2021
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 25x125
Property Description
Zoned as MU-MS (Mixed Use Main Street), this is one of the last properties available that is exempt from the short-term rental restrictions. Future dwellings built on the property will be able to be rented on platforms like Airbnb and VRBO. This 25’ wide x 125’ deep lot on E. Main St between Beldan and S. Evans St. is ready to build. Across the street from Avery Parsons Elementary School, and next to the BV Community Center this property links the entrance to the Arkansas River to the expanding E. Main St. business district. Its location makes it a walkable location to downtown, as well as biking and hiking trails to the east. The current owners had plans to take advantage of the MU-MS zoning by building business space facing the street, with residential apartments above and behind – making use of alley access to the property. Development will happen on this block. Future buildings will have access to city utilities including power, water/sewer, and internet. The town of Buena Vista lies within the Colorado Opportunity Zone Program which encourages long-term private investments which gives 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 address was formerly part of 623 E. Main Street if looking on google maps. *Property lines highlighted in red are approximate.
Location
State CO
County Chaffee
Zoning MU-MS Mixed Use Main
Interior
Fireplace N
Exterior
Fence None
View City, Mountain(s)
Garage No
Building
Sewer Public Sewer
Water Public
Schools
School District Buena Vista R-31
Others
Ownership Individual
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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