1012 Highway 135

Prime mountain commercial location just inside Gunnison city limits with approximately 165' of highway 135 frontage! This lot is in an opportunity zone, which gives it the potential for deferring capital gains tax or even being EXEMPT from capital gains tax if the improvements made are equal to the purchase price and the property is held for 10 years! Clean level lot with a few mature trees, a rock-wall border, and unlimited possibilities! This property is zoned commercial, but second story residential/multifamily is allowed. Density for commercial is 70 units/acre with a max lot coverage of 90% for structures, parking and access, and 10% for landscaping. Could present to planning and zoning department a variance where some of the residential/multifamily wasn't second story, but the department wants to see some form of commercial on the highway frontage portion of these lots. Electric and sewer is available and a paid for city water tap will be available soon. Take advantage of this rare highway frontage opportunity zone lot inside of city limits!! For map: