18702 County Road 501 Vallecito Lake/Bayfield CO Real Estate

9 acres of land on the north side of Vallecito Reservoir with 800 feet of potential commercial frontage in an eligible Enterprise Zone! This is one of the last opportunities to purchase land for development at Vallecito. Please review the Vallecito District Plan for development guidelines. Seller will share sketch plans for 42 shops and restaurants, with workforce housing above, or 36 Townhomes along the east side of the property. This is a prime investment opportunity. Excellent seller financing available without qualifying! Region 9 Economic Development shows that La Plata County‚'s GDP per capita is $56.3K, with a population of 56,250 and median household income of $69,291. Top three employment sectors in the county are retail trade, healthcare and social assistance, and educational services. La Plata County has an expanding airport, a four-year college with MA/MBA offerings, and two highly rated hospitals, Mercy Regional Medical Center and Animas Surgical Hospital. Vallecito Reservoir the ‚'Lake of the Little Valley‚' sits at 8000 ft. with 12 miles of shoreline and is has a fishery consisting of Rainbow Trout, German Brown Trout, Kokanee Salmon, Northern Pike, Walleye Pike, Small Mouth Bass and an Occasional Cut Bow Trout. Vallecito Reservoir is home to about 1,000 seasonal and year round residents, and receives approximately 80,764 day users annually. The north side of the lake contains a mix of uses including single-family homes, restaurants, lodges, tourist shops, offices, bed & breakfasts, convenience commercial/gas horse pack/outfitting businesses, and guest cabin/lodge establishments. The lake has a marina open from May1 to mid-August. Vallecito boasts a variety of summer and winter recreation including boating, sailing, wind-surfing, jet-skiing, fishing, biking, hiking, horseback riding, ATV rentals, snow-shoeing, cross-country skiing, snowmobiling, dog-sledding and snow-biking. Several outfitters provide overnight or longer trip services into the high country for once in a lifetime experiences. Vallecito is located in GMU 751, 463 square miles of mixed terrain, with elevation ranges from about 6,500 to over 12,000 ft., and comprised of 28/% public and 72/% private land, including portions of the Weminuche Wilderness, the largest wilderness area in Colorado, spanning the Continental Divide, with three 14,000‚' peaks and numerous 13,000‚' peaks. This exclusive getaway is located approximately a 1/2 hour drive from Downtown Durango, home of the Historic Durango and Silverton Narrow Gauge Railroad and Purgatory Ski Resort. Mesa Verde National Park is about an hour and 20 minutes away. The secluded feel of this mountain hideaway is easily balanced with a quick and scenic trip to the lively communities below.