403 Airport Road Durango CO Real Estate
Income producing 183 +/- acres with senior water rights and over 1/2 mile of Florida River frontage. No HOA, No Covenants, No Conservation Easement. Industrial zoning in the Florida Mesa District Land Use Plan. Located on Airport Road with excellent paved year round access and a county approved turn lane already installed. Gravel pit lease brings in $75,000 a year and the income from the tenant in the home is $15,000 a year (way under-rented in today's rental market). Land Bankers, where else can you find land in SW Colorado generating $90,000 a year? This is a prime development property adjacent to one of the fastest growing airports in the West. Historic water rights include irrigation rights, surface rights, groundwater rights, storage rights, and a plan for augmentation.