545 Turner Drive

Description

Property Overview: Presenting a rare opportunity to acquire a premier commercial warehouse with integrated office space in Durango's centrally located Bodo Light Industrial Park. This expansive facility offers over 15,000 square feet of versatile space on a 1.137acre lot, catering to a wide range of industrial and commercial applications. It represents a unique chance to secure a significant commercial asset in one of Durango's most sought after industrial hubs. Its prime location, expansive space, and alignment with local economic trends make it an ideal choice for businesses seeking to establish or expand their presence in this thriving market. Key Features: Location: Situated in Bodo Light Industrial Park, this property benefits from excellent connectivity and proximity to major transportation routes, facilitating efficient logistics and operations. Space: The facility encompasses over 15,000 square feet, providing ample room for warehousing, manufacturing, or distribution needs, along with dedicated office areas to support administrative functions. Lot Size: The 1.137acre lot offers potential for future expansion or additional outdoor storage, enhancing the property's versatility. Durango Market Insights: Durango, the county seat of La Plata County, boasts a population of approximately 19,148 as of 2022, reflecting a 1.03% growth from the previous year. The city's strategic location and robust infrastructure have fostered a diverse and resilient economy. Economic Highlights: Median Household Income: Durango's median household income stands at $76,177, marking an 11.1% increase from the prior year, indicative of a prosperous local economy. Key Industries: The city's economy is bolstered by sectors such as health services, retail trade, accommodation and food services, and real estate. Notably, health services employ approximately 3,800 individuals, accounting for about 11% of total employment, with an average income of around $47,000 annually. Employment Growth: Durango has experienced a 2.76% increase in employment, with 11,007 individuals employed as of 2022, underscoring a dynamic and expanding job market. Investment Potential: The combination of Durango's economic vitality, strategic location, and the scarcity of comparable properties in the Bodo Light Industrial Park positions this warehouse as a compelling investment opportunity. Its substantial square footage and adaptable design make it suitable for a variety of industrial and commercial enterprises, aligning with the city's growth trajectory and diverse industry base.