415 N Colorado Ave, Buena Vista, CO 81211

Property Description

DEVELOPERS AND BUILDERS: 1.14 flat acres zoned MU-2 (Mixed Use 2), blocks from downtown Buena Vista and the Arkansas River, now $1,899,000. The parcel was once platted as 16 lots before a prior owner combined them into one. Sewer is installed, with an executed sewer Connection Agreement with BV Sanitation District and the main in the alley, and electric pedestals are in place. Will-serve letters are on file from Atmos Energy (gas) and Sangre de Cristo Electric. Williams Street and a water main still need to be completed before the Town will re-establish lot lines. What can be done here: 1) Pursue a subdivision. The current owners prepared a 33-unit plan (9 single-family rowhouses and 24 duplex units) with design and engineering groundwork and presented it to Town Council. That package and the Town's feedback are available to help a buyer shape their own plan and application. 2) Build condos or an apartment building on the single parcel, which may avoid the major subdivision process. 3) Another use allowed under MU-2. The site is level, outside the floodplain, with no mapped hazard areas. The adjacent half of the block is built out with high-end homes recognized with a National Association of Home Builders Best in American Living Award. Residents would be less than a 10-minute walk from the River Park, Whitewater Park, skate park, pump track, dog park, and the shops and restaurants of historic downtown, with Collegiate Peaks views in every direction. Ask for the detailed package with the Town presentation, zoning, and utility documents. Buyer to verify all zoning, entitlement status, utility capacity, and infrastructure costs with the Town and applicable districts.