43
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$5,190,000
Est. payment /mo
4.42 Acres Lot
Active
29909 US Highway 24 Buena Vista, CO 81211
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Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8260540
Style Mountain Contemporary,Traditional
HOA Y/N No
Year Built 1970
Lot Size 4.420 Acres
Acres 4.42
Property Sub-Type Special Purpose
Property 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. 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.
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.
Location
State CO
County Chaffee
Zoning Mixed Use Commercial
Exterior
Waterfront Description Well
Roof Type Composition,Metal
Private Pool No
Building
Sewer Septic Tank
Water Well
Architectural Style Mountain Contemporary, Traditional
Others
Tax ID R327108200127
Virtual Tour https://listings.mediamaxphotography.com/29805-US-Hwy-24-N
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by8z Real Estate - ROCC
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TESTIMONIALS
James
Travis Hightower is an exceptional real estate professional. I worked with him on the sale of my condo, and his professionalism, initiative, and attention to detail were outstanding from beginning to end. Travis took ownership of the entire process. He coordinated the contractors, got the property market-ready quickly, and produced a listing that stood well above the competition. The photography and presentation were first-class. He even took the initiative to meet with the HOA to better understand the property's finances, future plans, and implications for residents. The results spoke for themselves. Despite listing in December, we were under contract within a week and closed in less than a month. We also achieved an excellent price, particularly considering a condo one building over sold for approximately 11% less just a few months later. I was traveling internationally during much of the process, but Travis and his team made everything straightforward. Communication was consistently clear, responsiveness was excellent, and the closing team was equally professional and reasonable in its fees. Real estate is clearly more than a profession to Travis. He lives and breathes it, and that commitment shows in the quality of his work, the people he surrounds himself with, and the results he delivers. Beyond his professionalism, Travis is genuinely warm, personable, and a pleasure to work with. He has a way of making you feel at ease and that you're in good hands. I couldn't be happier with the experience and would recommend Travis without hesitation.