49617 Highway 550

49617 Highway 550

Durango, CO 81301

$3,500,000
Price
—
Beds
4
Baths
8,762 Sq. Ft.
$399 / Sq. Ft.
8,762
Sq. Ft.
$399
per Sq. Ft.

Virtual Tour

Virtual Tour

a view of a lake from a balcony
a living room with fireplace furniture and a large window
a view of a city
a view of lot of trees
a view of a lake with a mountain
a view of a houses with a mountain
a view of a city with lush green forest
a large kitchen with stainless steel appliances granite countertop a sink and dishwasher a oven with wooden cabinets
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a living room with furniture and a fireplace
a living room with furniture and a window
a living room with furniture and a large window
a view of a city from a window
a bedroom with furniture and a fireplace
a living room with furniture and a fireplace
a view of a chairs and table in a patio
a bathroom with a sink and a mirror
a bathroom with a sink and mirror with toilet
a bathroom with a granite countertop sink toilet and shower
a room with stainless steel appliances a table chairs and a wooden floors
a living room with furniture and a large window
a outdoor space with lots of trees
a view of a balcony with an outdoor space

Description

Rare opportunity to redevelop 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!...Rare opportunity to redevelop 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 dreevelop 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 wet bar 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! Seller will carry up to $2,000,000 at 5.5% for 3 years! Will also consider a joint venture for the right opportunity. One-of-a-kind offering at Purgatory Ski Resort north of historic downtown Durango, Colorado.
  1. Listed by Jaime Marquez • Coldwell Banker Distinctive Properties
  2. Listed by Hazel Hackett • Coldwell Banker Distinctive Properties

Property Details for 49617 Highway 550

Water Front
No
Zoning
Commercial, Mixed Use
Subdv Name
None

Location

Listing Courtesy of Coldwell Banker Distinctive Properties, Jaime Marquez; Coldwell Banker Distinctive Properties, Hazel Hackett
Add your commute
LISTING UPDATED: 04/23/2024 12:50 PM

Property Details for 49617 Highway 550

StatusActive
MLS #791707
Days on Market775
Taxes$21,235 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use w/Res
Year Built1969
Lot Size2.90 AC / 126,324 SF
CountyLa Plata County

Location

Listing Courtesy of Coldwell Banker Distinctive Properties, Jaime Marquez; Coldwell Banker Distinctive Properties, Hazel Hackett
Add your commute

Virtual Tour

Building Information for 49617 Highway 550

Stories-Residences1Year Built1969Lot Size2.90 AC / 126,324 SF

Payment Calculator

$20,871 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$1,770

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 49617 Highway 550

Summary
Location and General Information
  • Directions: From historic downtown Durango, head north on US Hwy 550 towards the Purgatory Ski Resort (approx 25 miles from town). Pass the main Purgatory Resort entrance and it will be the immediate next property on your left.
  • Property Known As: Last Run Lodge
Owner
  • Owner Name: Junction Creek LLC +other
Parking
  • Carport Y/N: No
  • Parking Spaces: 8
  • PARKING: 10-20 Total Spaces
Taxes and HOA Information
  • Tax Account ID: R017804 & R017780
  • Tax Year: 2023
  • Total Taxes $: 21235
Property
Property and Assessments
  • FIPS Code: 08067
  • Legal/Lot Block: Two parcels: Lot 2 49617 N. US Hwy 550 Durango 81301 and Lot 3 Tract IN 24-39-9. Lengthy complete legal.
  • Photo Count: 24
  • New Construction Y/N: No
  • Disclosures: Lead Base Paint
  • Covenants Y/N: NO
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Lodging
  • Possible Property Use: Lodging, Mixed-Use
  • Lot Dimension: Irreg 586' x 290'
  • Parcel ID #: 5.08924313027E11
  • SqFt Source: Assessor
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Century Link
  • DOMESTIC WATER: Public
  • Total # Water Meters: 1
  • Total # Gas Meters: 1
  • Total # Electric Meters: 3
  • Existing Utilities: Sanitary Sewer, Water, Electric, Internet
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 1
Income & Expenses Information
  • Gross Scheduled Income $: $168,000.00
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 2
  • 1/4 Baths: 0
  • Total Baths: 4.00
Interior Features
  • Furnished: Furnished
  • Main SF: 8762
  • Florring: Tile, Slate, Laminate
  • Foundation: Slab
  • Heating Fuel/Source: Propane
  • Heating System: Fireplace, Forced Air
  • Heat Type: 3 furnaces
  • Ceiling Height: 10+
Exterior Features
  • Roof: Membrane
Rental
Rental Information
  • CAM Y/N: No

Property History for 49617 Highway 550

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 49617 Highway 550

Taxable ValueLand$9,190Additions$71,220Total$80,410
Tax Record2022$5,610 ($467 / month)
Home Facts
Beds3Total Finished SqFt8,762 SqFtAbove Grade Finished SqFt8,762 SqFtStories1Lot Size31,189 SqFtStyleSingle Family ResidenceYear Built1969CountyLA PLATAAPN5089-243-13-027Fireplace TypeHas Fireplace

Schools near 49617 Highway 550

This home is within Durango 9-R School District.
Rating
School
Type
Grades
Distance
Animas Valley Elementary School
Public - PK to 5
Miller Middle School
Public - 6 to 8
Durango High School
Public - 9 to 12
Colorado Connections Academy @ Durango
Public - K to 12
Rating
School
Distance
Animas Valley Elementary School
PublicPK to 5

Miller Middle School
Public6 to 8

Durango High School
Public9 to 12

Colorado Connections Academy @ Durango
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 49617 Highway 550, Durango, CO 81301

49617 Highway 550 is a mixed use property for sale in Durango, CO 81301. This property was listed for sale on March 24, 2022 by Coldwell Banker Distinctive Properties, it's currently listed at $3,500,000. It has been on the market for a total of 775 days and was last sold on August 24, 2021. This listing's school district is Durango 9-R School District. Nearby schools include Animas Valley Elementary School, Miller Middle School and Durango High School. 49617 Highway 550 is a 0-bed, 4-bath, 8,762 sqft mixed use property built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Distinctive Properties, Jaime Marquez; Coldwell Banker Distinctive Properties, Hazel Hackett

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.