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Two Rivers Development Opportunity
For Sale
$785,000

150 Southside, Salida, CO 81201

Development opportunity in Salida's Two Rivers neighborhood.

Property SizeContact for details
Lot Size0.65 Acres
Days on Market214

Property Features for 150 Southside

General Information

Standard status Active
Lot size 0.65 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $5,840

Amenities

Level
Paved
Listing Agency: PINON REAL ESTATE GROUP LLC
Listed By: K. HALE CAMP · License #100025035
Source: Corcoran
Added: Jan 22 Changed: Aug 8 Last Checked: Jul 16 at 3:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PINON REAL ESTATE GROUP LLC

Investment Insights

Based on property information with market context.

Located in the Two Rivers neighborhood, this property presents a multi-unit development opportunity. The combined lots, zoned R-3, encompass 28,455 square feet, potentially accommodating up to 14 attached units under the City of Salida Land Use Code. The original developer of Two Rivers met the Inclusionary Housing requirement at the time of development, meaning there is no Inclusionary Housing requirement or Fee in Lieu due as part of the build plan for this lot. Two Rivers features a pedestrian and biking bridge/trail system along the South Arkansas River with approximately 6 acres of open space, satisfying the city's Open Space Requirement, resulting in a $10,000 savings per buildable unit for the builder/buyer. The community emphasizes sustainability, incorporating varied, natural building materials to create architectural interest and complement the local environment. Situated at the confluence of the Arkansas and South Arkansas Rivers, Two Rivers is designed as a walkable community, featuring residential neighborhoods and a mixed-use commercial area with a cocktail lounge, restaurant, coffee shop, bakery, EV charging stations, and professional offices along the South Arkansas River. The property is located in Salida, CO.

Key Highlights

  • Zoned R‑3, allowing up to 14 attached units.
  • Inclusionary Housing requirement already met, resulting in significant savings.
  • Open Space requirements satisfied, saving the buyer $10,000 per buildable unit.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Restaurant Hotel & Motel Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 81201, CO

9,128
Population
5,407
Households
1.7
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
400.6 sq mi
ZIP Area
23
Density / Sq Mi
$70,850
Median Household Income
$41,244
Median Earnings
$1,614
Median Rent
$631,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Development opportunity in Salida's Two Rivers neighborhood.
Where is this residential land & home lot located?
The property is located at 150 Southside Salida, CO.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Zoned R‑3, allowing up to 14 attached units.; Inclusionary Housing requirement already met, resulting in significant savings.; Open Space requirements satisfied, saving the buyer $10,000 per buildable unit.
More about this property
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