29909 Us Highway 24, Buena Vista, CO

House

For Sale

Listed price in listed location currency (USD).

$5,190,000

0050

MLS® 8260540

Overview

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $17,100

Days Active 483

Lot Size

Approx. Age 1970

MLS® Number 8260540

Property Address: 29909 Us Highway 24, BUENA VISTA, CO, 81211-8676

Average square foot calculated using Size range provided by listing agent.

Description

Positioned in Northern Chaffee County opportunity zone, this 4.42-acre property offers the kind of investment potential that is increasingly difficult to find—multiple income streams, established tenants, expansion opportunities, and long-term upside. The property is anchored by three newly constructed Chief Buildings , each featuring heated interiors and a half bath. Currently configured as three rental units, the buildings were designed with flexibility in mind and can be divided to create up to six leasable commercial spaces, allowing an investor to significantly increase rental income over time. Adding to the income-producing portfolio is a single-family residence tucked at the rear of the property, currently leased for $2, 000 per month, along with a commercial building and apartment generating $3, 300 per month. With established long-term tenants and destination businesses already in place, the property provides immediate cash flow while offering multiple avenues for future growth. The opportunity extends even further. According to the existing site plan, there is capacity to construct an additional building along the highway, creating the potential for another revenue-generating asset in a highly visible location. Three wells and individual septic systems support the improvements, and a solar system serving the commercial building helps minimize utility expenses and enhance operating efficiency. For investors seeking a property with current income, built-in flexibility, and substantial development potential, this asset stands out as a compelling opportunity in one of Colorado’s most dynamic mountain markets. Buyers are encouraged to verify allowable uses and development options with Chaffee County under the land use code and zoning map adopted January 1, 2025.

MLS® Number8260540

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1970

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 26, 2025List Date

$5,190,000List Price

Map

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