Mineral St Silverton, CO 81433

Property Details for Mineral St

Property size

1 SF

Property type

Commercial real estate

Description

This exceptional opportunity presents the acquisition of Silverton LP Gas, a well-established propane company operating successfully since 1954. Located in Silverton, Colorado, this turnkey business serves approximately 475 households, providing a vital service within the community. The company enjoys a significant advantage with 64% of its 475 propane tanks being company-owned, generating substantial rental income. The business benefits from its strategic location within both an Enhanced Enterprise Zone and an Opportunity Zone, offering considerable tax incentives and investment benefits. The Enhanced Enterprise Zone provides incentives for employee-related expenses, equipment purchases, and building improvements. The Opportunity Zone designation offers federal incentives for investors seeking to contribute to the economic revitalization of distressed communities. Silverton's unique location in the San Juan Mountains at an elevation of 9318 feet, coupled with its rich history and Victorian architecture, creates a highly desirable and picturesque setting. The town's economy is robust, fueled by tourism and outdoor recreation, including the renowned Durango Silverton Narrow Gauge Railroad, Kendall Mountain free ski hill, and the Silverton Mountain Ski Resort. The Silverton Compass Master Plan underscores the critical role of propane as a reliable utility, particularly during frequent power outages, further enhancing the value of this established business. This presents a rare chance to own a profitable, essential service business in a thriving mountain community with significant economic development incentives. The property itself is 1 square foot, with no additional land. The asking price is $2,499,000.