1345 E. Salida, CO 81201
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 987 sqft
MLS Listing ID IRE6401528
Style Fixer-Upper
Bedrooms 3
Three Quarter Bath 1
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,539
Tax Year 2023
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Single Family Residence
Source ires
Property Description
Discover a rare investment opportunity with this large Mixed-Use Neighborhood (MU-N) zoned property in an excellent location, just a short bike ride from downtown Salida. This expansive offering includes all four lots and boasts stunning mountain views, outstanding development flexibility, and strong income potential.
The property currently features a 3 bedroom, 1 bath home and a detached garage, offering the option to renovate, rent, or utilize the existing structures during the planning and development process. The home is a true diamond in the rough, ready to be transformed into a profitable asset or repurposed to maximize the site's highest and best use.
Once the existing home and garage are removed, the property may accommodate up to 5 residential units, presenting an excellent opportunity for multi-family development such as a duplex, triplex, townhomes, or similar configuration (buyer to verify with City of Salida).
The Mixed-Use Neighborhood zoning also allows for a variety of commercial and lodging uses, including the potential for a boutique hotel, motel, hostel, or other income-producing project, making this a versatile opportunity for investors, builders, and developers looking to capitalize on Salida's strong growth and housing demand.
With its prime location near downtown amenities, restaurants, shopping, recreation, and bike paths, this property combines location, zoning flexibility, and development potential in one compelling package.
Don't miss this exceptional opportunity to create value in one of Salida's most desirable areas. Please see the virtual tour for additional perspective on the property and its potential.
Location
State CO
County Chaffee
Area Out Of Area
Zoning Residential/Commercial
Direction From Hwy 50 turn right on E st, home is on the right on the corner. From downtown Salida head south on E St. towards Hwy 50 , home is on the left hand side.
Interior
Heating Forced Air
Appliance Self Cleaning Oven, Fire Alarm
Exterior
Exterior Feature Oversized Garage, Tandem Garage
Parking Features Detached
Garage Spaces 2.0
Utilities Available Natural Gas Available, Electricity Available
View Y/N No
Roof Type Composition,Flat
Porch Patio
Garage Yes
Building
Lot Description Corner Lot, Deciduous Trees, Level, House Faces North, Paved
Sewer Public Sewer
Water City
Architectural Style Fixer-Upper
Level or Stories One
Structure Type Frame,Stucco,Concrete
New Construction false
Schools
Elementary Schools Longfellow
Middle Schools Salida
High Schools Salida R-32-J
School District Salida R-32-J
Others
Acceptable Financing Cash, Conventional, VA, Seller Financing, 1031 Exchange
Listing Terms Cash, Conventional, VA, Seller Financing, 1031 Exchange
Special Listing Condition Private Owner
Virtual Tour https://tours.perfectshotphotography.net/2285623
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