4 Cr 124

Description

Here in the heart of SW Colorado, opportunities like this don't come around often. Sitting on almost 2.5 acres, this commercial property offers a gorgeous restaurant, a 3 bed 2 bath Italian style residence, a cash flowing short-term-rental, storage areas, and a 1-bedroom apartment. A deeded Shalako well, revamped septic systems, natural gas, and over 220 ft of HWY 160 frontage, and room to expand new opportunities for a wedding venue, more housing, and/or more rentals. For the right buyer, the opportunities are endless on this mixed-use, commercial property. For starters, the setting just screams "Colorado"! The towering snow capped peaks of the La Plata's frame the restaurant as it sits at the entrance to La Plata Canyon which offers hiking, camping, and connection to the Colorado Trail. The Kennebec restaurant has been a Durango staple for decades offering fine dining within the walls of the gorgeous Italian style building, complete with 3 separate patios. Ask anyone in Durango and they will rave about The Kennebec. Not only does this property offer built in business opportunity and cash flow, it provides the new owner room to grow and expand. The northern part of the lot has been left as a blank slate for your imagination! Think wedding venue, expanded housing opportunities, or create more cash flowing rentals. The land and the infrastructure are already here creating a launchpad for success. Back in the day (1960's) there was a thriving motel at this location. A quick 12 min to downtown Durango, or head south to Farmington, east to Mancos and Cortez, or north to Telluride. An epic location - all that's missing is a new owner with some vision to capitalize even more on this special opportunity. Be sure to watch the < 2 min video which does a good job on capturing not only the beauty and current use of the property, but also the opportunity that awaits...