401 Payson St Naturita, CO 81422
- Land
- 1.08 lot acres
Current Use by Public Records
- Land
Property Details for 401 Payson St
- Lot size
- 1.08 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Naturita
- County
- Montrose
- State
- Colorado
- Longitude
- -108.575
- Latitude
- 38.2202
