$2,100,000
$2,499,000
16.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/04/2024
Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20240751
Sold Date 11/04/24
Annual Tax Amount $2,339
Lot Dimensions 225 x 100
Property Sub-Type Commercial
Property Description
Captivating business opportunity in the heart of Silverton, CO! Presenting Silverton LP Gas, a well-established propane company with a remarkable legacy since 1954. Strategically located in an Enhanced Enterprise and Opportunity Zone, this turnkey business caters to approximately 475 households, providing an essential service to the community. With 64% of the 475 propane tanks company-owned, enjoy additional rental income. The Silverton Compass Master Plan highlights the importance of propane as an essential utility service, especially during frequent power outages, adding intrinsic value to the business. Embrace the economic advantages of being in an Enhanced Enterprise Zone, offering tax incentives for new employees, employee training, equipment purchases, and building rehabilitation. Furthermore, Silverton/San Juan County is an Opportunity Zone, providing federal incentives for investors to support distressed communities through private equity investments. Immerse yourself in the allure of historic Silverton, a mountain town at 9318' in the San Juan Mountains. With its Victorian-era homes, the town exudes charm, while the Million Dollar Highway offers a scenic journey back in time. The local economy thrives on outdoor recreation and tourism, notably driven by the Durango Silverton Narrow Gauge Railroad. Silverton boasts educational institutions, a free ski hill at Kendall Mountain, and the renowned Silverton Mountain Ski Resort, providing a unique mountain living experience unparalleled across the lower 48. Don't miss this extraordinary opportunity to become a part of Silverton's enduring legacy.
Location
State CO
County San Juan
Area Other Area
Direction From Durango take US Hwy 550 N for 49 miles to Silverton. Continue on Greene St through town, turn right on 12th St. Turn Left on Mineral St. Property is on your right.
Building
Lot Description Other, See Remarks
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Bought with UNITED COUNTRY REAL COLORADO PROPERTIES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
120 W Park Drive # 200, Junction, Colorado, 81505, United States