Tbd Sligo And Cactus

Cortez, CO 81321

About this property

Perfect development/investment property located adjacent to Walmart, the new high school, Walgreens, and a small shopping strip center. Approximately 68 acres in several contiguous pieces, although one piece of 5.7 acres located on Cactus is non-contiguous to the others. The Cactus property would be available to be purchased separately for $495,000. It faces Walmart and the high school and is just south of the Bureau of Reclamation office building offering very nice views to the east of the La Plata Mountains. The larger parcel has frontage on Sligo Street, East 7th Street, as well as frontage on Highway 160 (Main Avenue). Larger piece may be purchased separately for $950,000. With all of the development in the area, a lot of the off-site infrastructure has already been completed when Walmart and the high school were built. This is definitely an A+ property location. There are numerous possibilities with these properties. You could consider mixed-use with apartments, condos/townhomes, restaurant, tire store, medical complex, or other commercial along Main Avenue and along Sligo. A small professional office building would be appropriate as well. With over 400 in town residential sales during the last three years, this could be an excellent spot to develop detached single-family homes. The latest annual average daily traffic (AADT) count was taken in 2016. One study was just east of Sligo and the other was a little bit further West on Main. Those counts range between 17,000-20,000 vehicles per day. This would also be a very good parcel of land to acquire and develop part of it and perhaps have your IRA own part of it.

Date Added
September 30, 2019
Listing Status
Active
Days On Site
394
MLS#
763483

Features and Additional Information

Lot Size
2,962,080 SqFt
Acreage
68.00
Property Type
Land
Style
IQWeb_
Sub-Type
Resale
Year
Garage
0
Pool
No
Story(s)
Property View
Yes
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$1,445,000 Active
0 Beds
0
Baths
0 SQFT

Presented By Coldwell Banker Canyonside Realty

Twin Falls

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Twin Falls
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Area Information

Cortez | Montezuma County |

$ 1,445,000
This listing is play_arrow 641.0% higher than the average in the area
$ 195,000 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
394 days on site
This listing is play_arrow 756.5% above the average in the area
46 days on site in the area

Schools in the Area

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    Elementary School
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