170 Metz Ln Durango, CO 81301
For Sale
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Exceptional development opportunity awaits in Durango, Colorado, with this 2.33-acre lot ideally situated at 170 Metz Ln, 81301. Zoned for Residential Multi-Family and Residential Single-Family use, this property presents a unique chance to build a substantial multifamily development. The permitted zoning allows for a medium density build-out, with the potential for 5 to 11 units per acre, offering significant flexibility in project design. The asking price is $999,000, translating to $9.84 per square foot. Conveniently located within city limits, the property boasts easy access to essential utilities including water, sewer, and power, simplifying the development process. Its tranquil setting off a quiet street provides a peaceful atmosphere while maintaining proximity to key amenities. Residents will enjoy close proximity to North Main Ave, North City Market, the Animas River and its scenic trail, and a variety of restaurants. The property's APN is 566515200132. This is a rare opportunity to capitalize on Durango's thriving real estate market and create a valuable multifamily project in a highly desirable location. Don't miss this chance to acquire a prime piece of land with exceptional development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.