1053 Main Ave Durango, CO 81301

Property Details for 1053 Main Ave

Year built

1902

Lot size

0.06 lot acres

Property size

2,441 SF

Property type

Retail properties

Description

This exceptional commercial property at 1053 Main Avenue in Durango, Colorado, presents a rare opportunity to own a thriving retail and office space in the heart of the historic downtown district. Boasting approximately 2,441 square feet on a 0.06-acre lot, this building features two street-level storefronts and four additional office spaces, offering incredible versatility. All units are easily accessible from both street-level front and rear entrances, making it ideal for a variety of uses. The property has enjoyed consistent occupancy for years, demonstrating its strong market position. Recent improvements include a freshly painted façade and a striking mural by local artist Jenn Rawling adorning the south wall. The interior offers potential for further renovation, with the possibility of uncovering original architectural details such as high ceilings and old stone walls (buyer to verify). This property is not subject to HOA or covenant restrictions, offering flexibility for future development. Priced competitively at $935,000, there's a potential for assuming an existing note with a 5.25% interest rate, subject to lender approval and buyer qualification. This is a chance to become a vital part of the vibrant Durango community and own a piece of its rich history. The property's location on Main Avenue ensures high visibility and foot traffic, making it an attractive investment for both established businesses and new ventures.

Location Insight

City

Durango

County

La Plata

State

Colorado

Longitude

-107.88

Latitude

37.2752