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$ 650,000
$ 749,000 13.2%
1345 E. ST Salida, CO 81201
3 Beds
1 Bath
987 SqFt
UPDATED:
Key Details
Sold Price $650,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 987 sqft
Price per Sqft $658
MLS Listing ID 6401528
Sold Date 09/02/26
Bedrooms 3
HOA Y/N No
Year Built 1900
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Single Family Residence
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
Zoning Residential/Commercial
Direction North
Interior
Interior Features Built-in Features
Heating Forced Air
Cooling None
Flooring Laminate, Wood
Appliance Self Cleaning Oven
Laundry In Unit
Exterior
Exterior Feature Lighting
Garage Spaces 2.0
Fence None
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Waterfront Description Public
Roof Type Composition,Rolled/Hot Mop
Porch Covered, Front Porch
Private Pool No
Building
Lot Description Corner Lot, Landscaped, Level, Many Trees, Mountainous, Near Public Transit
Faces North
Story One
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
School District Elementary: Salida R-32, Middle/Junior: Salida R-32, High: Salida R-32
Others
Senior Community No
Tax ID R380705319108
Special Listing Condition None Known
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA