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49617 N Highway 550

Durango, CO 81301
  • $3,750,000
  • STATUS: Active
  • ON SITE: 245 Days
  • MLS #: 791707
UPDATED: 21 min ago
$3,750,000
  • 0
    BEDS
  • 2.9
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 8,762
    SQFT
  • $428
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1969
County:

School Ratings & Info

Listing courtesy of Coldwell Banker Distinctive Properties: 970-259-3333.


Description

Rare opportunity to develop mixed-use at the entrance to Purgatory Ski Resort and in the process own an 8,700+ square feet piece of local history. Originally built in 1969 as the Purgatory Inn (see photos), this single level property could tell so many stories! Over the decades it was widely known as several dining establishments including: the Elk Run Lodge, Alpenhauf Tatzer, Buckskin Charlie's, Sweeney's Sows Ear, Powder Monkey, Hamilton Chop House and then the Last Run Grill-Pub-Cafe. Good times! Now there is an opportunity to develop 3 acres of designated mixed-use land to provide much needed real estate at this Resort. In 2018, the Seller completed a $200,000 remodel to convert about half of the single level building into a modern spacious residential vacation rental to be enjoyed year-round by adventure seekers in the mountains. This 5 bedroom, 4 bath residential rental is professionally managed and comes complete with billiards, ping pong, foosball, fire pit, 2 spacious living areas, a full kitchen, a kitchenette and a wetbar and a grand 2-sided wood burning river rock fireplace that used to be a centerpiece of the dining experience. The master suite also has a large wood burning stone fireplace. No covenants, not part of DMR master plan and not a part of the DMMA. A trail leads from the back door straight to the Columbine parking lot and on to the ski runs. Enjoy breathtaking BIG VIEWS of the Needles Mountains from the fire pit and various patios/decks...they might just be among the most spectacular views in all of La Plata County. Located just north of the main entrance to the Purgatory Resort, this location is easily accessible via Highway 550 year-round. This offering is for the 8,762 SF building - with about 4,500 SF of it current utilized as the vacation rental and the balance is used by the Seller personally for storage. Among the storage "spaces" that could be repurposed by the next owner include an indoor pool, the "old" ski shop and an area that used to be the commercial kitchen. PLUS this Offering includes the 2.214 acres of land directly to the south with US Hwy 550 frontage and views. So many options to be considered here...a new owner could consider building 2 additional guest homes to complement the large mountain getaway; (2) Seller has conceptual plans into the County now for 10 RV park model cabins + 100 rental storage containers; (3) it could possibly be brought back to its heyday as a restaurant/bar and/or some kind of market, (4) Seller also has conceptual multifamily plans, or (5) bring your own development plans and ideas! One-of-a-kind offering at Purgatory Ski Resort north of historic downtown Durango, Colorado.

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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 2022. 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 Dalynn Trujillo | Bluebird Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-11-28T18:56:30.917.
www.dalynntrujillo.com/homes/127119503
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49617 N Highway 550 Durango, CO 81301

  • Price: $3,750,000
  • Status: Active
  • On Site: 245 Days
  • Updated: 21 min ago
  • MLS #: 791707
0
Beds
4
Baths
0
½ Baths
2.9
Acres
8,762
SQFT
$428
$/SQFT
1969
Built
Neighborhood:
None
County:
La Plata
Area:
Durango Mountain Area
Property Description
Rare opportunity to develop mixed-use at the entrance to Purgatory Ski Resort and in the process own an 8,700+ square feet piece of local history. Originally built in 1969 as the Purgatory Inn (see photos), this single level property could tell so many stories! Over the decades it was widely known as several dining establishments including: the Elk Run Lodge, Alpenhauf Tatzer, Buckskin Charlie's, Sweeney's Sows Ear, Powder Monkey, Hamilton Chop House and then the Last Run Grill-Pub-Cafe. Good times! Now there is an opportunity to develop 3 acres of designated mixed-use land to provide much needed real estate at this Resort. In 2018, the Seller completed a $200,000 remodel to convert about half of the single level building into a modern spacious residential vacation rental to be enjoyed year-round by adventure seekers in the mountains. This 5 bedroom, 4 bath residential rental is professionally managed and comes complete with billiards, ping pong, foosball, fire pit, 2 spacious living areas, a full kitchen, a kitchenette and a wetbar and a grand 2-sided wood burning river rock fireplace that used to be a centerpiece of the dining experience. The master suite also has a large wood burning stone fireplace. No covenants, not part of DMR master plan and not a part of the DMMA. A trail leads from the back door straight to the Columbine parking lot and on to the ski runs. Enjoy breathtaking BIG VIEWS of the Needles Mountains from the fire pit and various patios/decks...they might just be among the most spectacular views in all of La Plata County. Located just north of the main entrance to the Purgatory Resort, this location is easily accessible via Highway 550 year-round. This offering is for the 8,762 SF building - with about 4,500 SF of it current utilized as the vacation rental and the balance is used by the Seller personally for storage. Among the storage "spaces" that could be repurposed by the next owner include an indoor pool, the "old" ski shop and an area that used to be the commercial kitchen. PLUS this Offering includes the 2.214 acres of land directly to the south with US Hwy 550 frontage and views. So many options to be considered here...a new owner could consider building 2 additional guest homes to complement the large mountain getaway; (2) Seller has conceptual plans into the County now for 10 RV park model cabins + 100 rental storage containers; (3) it could possibly be brought back to its heyday as a restaurant/bar and/or some kind of market, (4) Seller also has conceptual multifamily plans, or (5) bring your own development plans and ideas! One-of-a-kind offering at Purgatory Ski Resort north of historic downtown Durango, Colorado.
Exterior Features

Acreage Range 2-4.99 Carport No Construction Block Lot Dimension Irreg 586' X 290' Parking 10-20 Total Spaces Roof Membrane Sewer Public Sewer Installed Stories 1 Street Description State HighwayPavedCdot Access Permit150'+ Frontage Water Public Water Well No Waterfront YN No

Interior Features

Ceiling Height 10+ Finished Sq Ft 8762 Flooring LaminateSlateTile Foundation Slab Furn Fixt Equip 4500 Sf Fully Furnished Heating Fuel Source Propane Heating System FireplaceForced Air Heating System1 3 Furnaces Main Sq Ft 8762 One Quarter Baths 0 Total Offices 0

Property Features

Books Available Yes Cam No Covenants No Current Business Large Vacation Rental Current Use Lodging Disclosures Lead Base Paint Documents On File Aerial PhotosEasementsOtherPlot Plan/Plat/SurveySite Plan/Ilc Exchange Trade No Existing Utilities ElectricInternetSanitary SewerWater Fixtures Included No Gross Scheduled Income 168000 Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use LodgingMixed-Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Electric Meters 3 Total Gas Meters 1 Total Taxes 18957 Total Water Meters 1 Type Multi-Use W/Res Variable Rate No Water Rights No Zoning Type CommercialMixed Use

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 2022. 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 Dalynn Trujillo | Bluebird Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-11-28T18:56:30.917.
 
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Dalynn Trujillo | Bluebird Real Estate
211 Elk Avenue
Crested Butte CO, 81224
Listing courtesy of Coldwell Banker Distinctive Properties: 970-259-3333.