20,000 sqft

$5,190,000

29909 US Highway 24, Buena Vista CO, 81211

Price per sqft$259.50

Built in1970

Property size20,000 sqft

Property typeCommercial

Overview

Active

Listed Jan 31, 2025

Updated Jul 22

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. The three metal buildings are currently rented for $4000/ month/ building. 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.

Additional information

MLS^® ID: 8260540

Interior Features

Basement: No

Exterior Features

Lot Size: 4.42 Acres

Other Property Details

Taxes: $17,100
Tax Frequency: Annually

Listed by 8z Real Estate - ROCC, Julie Kersting, Listing Contact:

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