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48721 Highway 550

Durango, CO 81301
  • $3,290,000
  • STATUS: Active
  • ON SITE: 82 Days
  • MLS #: 801606
UPDATED: 137 min ago
$3,290,000
  • 0
    BEDS
  • 1.51
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,901
    SQFT
  • $1,731
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1969
County:

School Ratings & Info

Listing courtesy of The Wells Group Of Durango, Llc: 970-259-6680.


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 Hemingways 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

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2023. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Blackmore Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2023-06-05T23:56:26.833.
www.homesforsaledurango.com/homes/137728645
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48721 Highway 550 Durango, CO 81301

  • Price: $3,290,000
  • Status: Active
  • On Site: 82 Days
  • Updated: 137 min ago
  • MLS #: 801606
0
Beds
3
Baths
0
½ Baths
1.51
Acres
1,901
SQFT
$1,731
$/SQFT
1969
Built
Neighborhood:
Lake Purg2
County:
La Plata
Area:
Durango Mountain Area
Property 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 Hemingways 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
Exterior Features

Acreage Range 1-1.99 Carport No Lot Dimension 1.51 Parking 10-20 Total Spaces Property Attached Yes Roof Metal Sewer Public Sewer Installed Stories 1 Street Description Cdot Access Permit Water Public Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 1901 Flooring Wood Foundation Stemwall Furn Fixt Equip None Heating Fuel Source ElectricPropane Heating System Electric BaseboardForced AirWood Stove Lighting Single Phase One Quarter Baths 0 Total Offices 0

Property Features

Available Utilities ElectricPropaneSingle-PhaseWater Books Available No Cam No Covenants No Current Business Bar & 2 Vacation Rentals Current Use BarLodgingRestaurant Desc Of Business Bar W/ Food Trucks & 2 Vr Disclosures Lead Base PaintSeller's Prop Disclosure Exchange Trade No Existing Utilities ElectricPropane-Tank LeasedSanitary SewerWater Fixtures Included No Inventory Included Yes Landlord Pays Real Estate TaxesSnow Removal Lease Included No New Construction YN No Owners Association No Possible Property Use Bar/LoungeLodgingRestaurant Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2022 Tenant Pays ElectricSewer/WaterTrash Total Taxes 4163.04 Type Other Variable Rate Yes Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2023. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Blackmore Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2023-06-05T23:56:26.833.
 
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The Blackmore Group
842 Main Ave
Durango CO, 81301
Listing courtesy of The Wells Group Of Durango, Llc: 970-259-6680.