49617 Highway 550, Durango, Colorado

Description

A truly rare opportunity awaits you at the entrance to Purgatory Ski Resort where you can own an 8,700+ square foot building steeped in local history and redevelopment potential. Originally constructed in 1969 as the Purgatory Inn, this iconic, single-level property has been home to numerous beloved dining establishments over the decades, including the Elk Run Lodge, Alpenhauf Tatzer, Buckskin Charlie's, Sweeney's Sows Ear, Powder Monkey, Hamilton Chop House, and the Last Run Grill-Pub-Cafe. Many fond memories have been created here, and now, it’s your chance to shape the future of this special site! The 3-acre parcel is zoned for mixed-use development, offering the perfect canvas for creating much-needed real estate in this premier resort destination. Whether you envision a boutique hotel, condos, retail space, or a combination of uses, this property offers endless possibilities for the next owner. Property Highlights Include: PRIME LOCATION: Situated just north of Purgatory Resort’s main entrance, with year-round access via Highway 550. A trail leads directly from the property to the Columbine parking lot and onto the ski runs. INCREDIBLE VIEWS: Unobstructed, breathtaking vistas of the Needles Mountains await from the fire pit, patios, and decks some of the most spectacular views in La Plata County! RICH HISTORY: The 8,762 SF building, built in 1969, includes 4,500 SF of newly renovated space as a modern, 5-bedroom, 4-bath vacation rental that has been thoughtfully upgraded to meet the needs of year-round adventure seekers. Features include billiards, ping pong, foosball, a fire pit, multiple living areas, a full kitchen, kitchenette, and wet bar all anchored by the original grand two-sided river rock wood-burning fireplace. FLEXIBLE USE: The building currently offers a successful vacation rental, but the rest of the space including what used to be an indoor pool, former ski shop, and former commercial kitchen can be repurposed for additional uses. The property’s zoning and size make it ideal for a mix of residential, retail, or commercial redevelopment. ADDITIONAL LAND: The offering includes 2.214 acres of land directly south of Highway 550, complete with highway frontage and sweeping scenic views. Redevelop this prime piece of real estate for residential, commercial, or a mixed-use complex. This is a truly unique, one-of-a-kind property, located just a short distance from historic downtown Durango, Colorado, and minutes from the slopes of Purgatory Ski Resort. Whether you're looking to revitalize a piece of history or capitalize on a prime location for future development, this is an opportunity you won’t want to miss!