601 S San Juan Ave

Description

PURCHASE PRICE REFLECTS: a) A POSSIBLE SELLER FINANCING AGREEMENT, DEPENDING ON TERMS AND CONDITIONS. -- or -- b) THE INTENTION OF SELLER AGREEING TO ENTER INTO A BUSINESS AGREEMENT WITH THE BUYER, INVOLVING A PRE-SET PER UNIT SHARING OF INCOME UPON SALE OF THE FINISHED HOMES ON THE LOTS. Rare Developer Opportunity! Buena Vista is a growing, vibrant mountain town, requiring new single family home construction. This vacant lot is already zoned R2, called Loans Addition Sub, including Lots 19-32. All 14 lots are ~.07-acre with 25' X 125' dimensions, allowing for ADU's and garages with access from an established alley. The front of future homes will be facing west, looking over a large open space pasture and the Collegiate Mountain Range with amazing sunsets! The Seller and Town of Buena Vista Planning Department are encouraging the future developer to build affordable housing units on the two northern most lots (lots 31 & 32). The civil engineering infrastructure site design plans are approximately 35% completed by Seller, with 'preliminary' approval from the BV Planning Department, allowing the new owner the ability to seek final approval and begin infrastructure work. The Seller in process of conveying to the Town of BV, two lots (16 & 17) at the southern border, which will accommodate a deep utility easement right-of-way, running into the utility mains along S. Gunnison. This unique location has a quiet neighborhood feel and earns a high walkability rating to retail and entertainment businesses. The 'typical' finished residence for this development could feature two stories, 1,500-2,000 square feet, 3 bedrooms, 2.5 baths, 1-2 car detached garage with ADU (optional), roof top living space (optional), front porch facing a sidewalk and access from the established back alley. Vacant lots in Buena Vista that are already subdivided are becoming very rare.