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    401 Payson St Naturita, CO 81422

    Sponsored
    For Sale
    $335,000

    1.08 Acres, Residential Zoning, Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.08-acre parcel in Naturita, Colorado, zoned residential, offers an exceptional investment opportunity. Priced at $335,000 ($10.09/sq ft), it's ideally suited for a high-density housing development, potentially utilizing 17 lots for micro homes or a tiny home village. The town of Naturita actively supports affordable housing initiatives, including potential $50,000 credits per unit through Proposition 123 and state grants for infrastructure. Existing water and sewer taps are on-site, simplifying development. Located at 401 Payson St, 81422, this property benefits from its proximity to outdoor recreation (hiking, biking, hunting), and an employee shuttle to Telluride. Naturita itself offers local amenities including an inn, café, gas station, grocery store, and motel. This represents a unique chance to contribute to the community while capitalizing on significant incentives and the growing demand for housing in this desirable area. The property is owned by Miller.

    Property Features for 401 Payson St

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • $335,000 asking price for 1.08 acres of residential land.
    • Located at 401 Payson St, Naturita, CO 81422.
    • Zoned for residential use; suitable for micro‑home development or affordable housing.
    • Potential for significant incentives through Colorado's Proposition 123 affordable housing program.
    • Existing water and sewer taps on the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Naturita
    County
    Montrose
    State
    Colorado
    Longitude
    -108.5748527
    Latitude
    38.2201901

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    FAQs

    What type of property is this?
    Land - 1.08 Acres, Residential Zoning, Huge Potential
    Where is this land located?
    The property is located at 401 Payson St Naturita, CO.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: $335,000 asking price for 1.08 acres of residential land.; Located at 401 Payson St, Naturita, CO 81422.; Zoned for residential use; suitable for micro-home development or affordable housing.
    (214) 843-2631
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    401 Payson St Naturita, CO 81422
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

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    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Payson St Naturita, CO 81422
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