416 N Main Street

Description

Prime Main Street opportunity featuring a 3BD / 2BA single-family home plus a separate studio apartment, each with private entrances and their own laundry. The main home offers wood floors, stainless appliances, an updated bath, metal roof, stucco siding, and an attached 2-car garage. Both units are currently leased and generating reliable income, allowing owners to live, rent, or hold while pursuing future plans. Situated on three contiguous city lots and zoned CC (Professional Business), the property supports a wide range of uses—residential, mixed-use, professional office, or boutique lodging. The site is part of a larger seven-lot Main Street redevelopment assemblage previously reviewed by the City of Gunnison and CDOT for a boutique hotel concept. While those approvals have expired, they provide strong precedent and a valuable entitlement foundation for similar future proposals. Located within the federally designated Gunnison Opportunity Zone, the parcel qualifies for capital gains tax incentives for redevelopment or long-term investment strategies. With the Gunnison Valley projected to be over 1,000 housing units short by 2029, demand for centrally located residential and lodging inventory continues to grow. Whether seeking a central in-town residence with income, a strategic long-term hold, or a downtown redevelopment site, 416 N Main Street represents one of the most versatile and compelling offerings in the Main Street corridor.