Active

49617 N Highway 550

Durango CO, 81301

$3,500,000


$399.45 per sqft

Active

4 Baths

8,762 sqft

Commercial

Built in 1969

Listed by Jaime Marquez with Coldwell Banker Mountain Properties 970-759-8919

A truly rare opportunity awaits you at the entrance to Purgatory Ski Resort where you can own an 8,700+ square foot building steeped in local history and redevelopment potential. Originally constructed in 1969 as the Purgatory Inn, this iconic, single-level property has been home to numerous beloved dining establishments over the decades, including the Elk Run Lodge, Alpenhauf Tatzer, Buckskin Charlie's, Sweeney's Sows Ear, Powder Monkey, Hamilton Chop House, and the Last Run Grill-Pub-Cafe. Many fond memories have been created here, and now, it's your chance to shape the future of this special site! The 3-acre parcel is zoned for mixed-use development, offering the perfect canvas for creating much-needed real estate in this premier resort destination. Whether you envision a boutique hotel, condos, retail space, or a combination of uses, this property offers endless possibilities for the next owner. Property Highlights Include: PRIME LOCATION: Situated just north of Purgatory Resort's main entrance, with year-round access via Highway 550. A trail leads directly from the property to the Columbine parking lot and onto the ski runs. INCREDIBLE VIEWS: Unobstructed, breathtaking vistas of the Needles Mountains await from the fire pit, patios, and decks some of the most spectacular views in La Plata County! RICH HISTORY: The 8,762 SF building, built in 1969, includes 4,500 SF of newly renovated space as a modern, 5-bedroom, 4-bath vacation rental that has been thoughtfully upgraded to meet the needs of year-round adventure seekers. Features include billiards, ping pong, foosball, a fire pit, multiple living areas, a full kitchen, kitchenette, and wet bar all anchored by the original grand two-sided river rock wood-burning fireplace. FLEXIBLE USE: The building currently offers a successful vacation rental, but the rest of the space including what used to be an indoor pool, former ski shop, and former commercial kitchen can be repurposed for additional uses. The property's zoning and size make it ideal for a mix of residential, retail, or commercial redevelopment. ADDITIONAL LAND: The offering includes 2.214 acres of land directly south of Highway 550, complete with highway frontage and sweeping scenic views. Redevelop this prime piece of real estate for residential, commercial, or a mixed-use complex. This is a truly unique, one-of-a-kind property, located just a short distance from historic downtown Durango, Colorado, and minutes from the slopes of Purgatory Ski Resort. Whether you're looking to revitalize a piece of history or capitalize on a prime location for future development, this is an opportunity you won't want to miss!

791707

MLS ID

March 27, 2022

Listed

February 22, 2025

Updated

Interior Features

Total Stories

1


Total Bathrooms

4


Full Bathrooms

2


Three-Quarter Bathrooms

2


Floor Description

Laminate, Slate, Tile


Fireplace

Yes


Cooling

No


Heating

Yes


Heating Description

Forced Air, Fireplace(s), Propane

Exterior/Building Features

Lot Size

2.9 Acres


Exterior Features

Propane Tank - Owned


Roof

Membrane


Sewer

Connected, Public Sewer

Other Property Details

Area Name

Durango Mountain Area


Days on Market

1065


Garage

No


Parking Total

8


View

No


County

La Plata


Water Source

Public


Pool

No


Utilities

Electricity Available, High Speed Internet Available, Propane, Sewer Connected, Water Available

Listing History

Date

Event

Price

2/21/2025

Active

6/21/2024

Pending

2/25/2024

Active

2/14/2024

Pending

11/30/2023

Price change

$3,500,000

3%

8/31/2023

Price change

$3,375,000

-10%

4/27/2023

Active

Listed by Jaime Marquez with Coldwell Banker Mountain Properties 970-759-8919


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Data last updated on: 2/22/2025

 

 

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