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$2,900,000
1.51± Acres
Active
La Plata County, CO

48721 Highway 550, Durango, Colorado

MLS ID: 801606
Status: Active
Price: $2,900,000
Acres: 1.51±
Type: Commercial
Address: 48721 Highway 550
City, State: Durango, CO
County: La Plata County
ZIP Code: 81301
Parcel Number: 508925302001
Listed by: John Wells of The Wells Group Of Durango, Llc
Bathrooms: 3
SqFt: 1,901
Year Built: 1969

Description

This commercial property is ideally located as it captures not only the winter visitor but also the balance of the seasons’ visitors. The property includes the Nugget Bar building and two one- of- a- kind designer cabins. This well located property is just a 1/2 a mile from the entrance to Purgatory Ski Resort. The sale does not include the Nugget Bar LLC (business). The restaurant lease is a strong lease as the Nugget has an excellent stream of business year-round. 1.2 million vehicles per year pass this location. The two vacation rental cabins are attractive lodging alternatives for visitors in the North County. This is a great opportunity with these three income streams in place and the ability to add an additional cabin or two to the site. This property is generating a significant income. Financials will be shared once a NDA is signed by the broker and client. The Nugget is in a charming 951 sf rustic log cabin. The lawn area is enclosed by old railroad ties, complete with gas firepits, cornhole and giant Jenga. A large deck area blankets the front of the old D-Log cabin, perfect spot for an elevated view of the surrounding peaks and listening to live music. Windows capture views of the snowcapped San Juan Mountains, Twilight Peaks, Spud Mountain and Engineer Mountain. There are two modern cabins, one at 300 sf and the second at 550 sf that were built in 2019. The cabins maintain an 80% occupancy annually. The Kerouac Cabin is a Queen/Studio with 1 full bath and sleeps 3. The Hemingway’s Hideout is a one bed plus loft with 1 full bath and sleeps 4. Both have modern kitchens. Features include a hot tub, Cedar Sauna and decks for sun and THE best views in the Southwest! Perfect location to mountain bike, hike, or snowshoe right from your doorstep. Visit the Nugget's website for more details. nuggetmountainbar

Additional Information

Interior

Bathrooms Full: 3
Building Area Total: 1,901
Flooring: Wood
Furnished: Unfurnished
Heating (Yes/no): Yes
Heating: Baseboard, Electric, Forced Air, Propane, Wood Stove

Exterior

Exterior Features: Propane Tank Leased
Foundation Details: Stem Wall
Lot Dimensions Source: Public Records
Lot Size Dimensions: 1.51
Parking Features: Parking Spaces
Property Attached: Yes
Roof: Metal
Stories: 1
Water Source: Other, Well

Financial/HOA/Schools

Days On Market: 183
Subdivision Name: Lake Purg2
Tax Annual Amount: 4163.04
Zoning Description: Commercial

Extra Information

Disclosures: Lead Based Paint Disclosure, Seller Disclosure
Virtual Tour Branded: https://youtu.be/Wcz6mAqx7wk
Spencer Jordan

Spencer Jordan

Carbondale, Colorado

(203) 962-3683

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Listed By: John Wells of The Wells Group Of Durango, Llc