464 Hwy 149, South Fork, CO

About 464 Hwy 149

17 acre mixed use property located in the heart of South Fork along Hwy 149. The property is zoned commercial currently, and can be rezoned to allow for commercial, multi-family, and/or residential. The property has approximately 0.50 acre of Hwy 149 frontage, allowing for a commercial lot along the Hwy 149. This property also shares a CDOT concrete driveway access to Hwy 149, with the adjacent property. The remaining @ 16.50 acres have potential to be developed as a multi-family and/or single family residential project. The 16.50 acres situated behind the commercial lot on Hwy 149, include level benches 15 feet and 25 feet below the highway entrance elevation. This provides for varied elevations and separate view corridors for groups of houses or multi-family condos, without the need for extensive land development construction activities. The property can also be developed as a hospitality project to include a hotel and condo development with direct Hwy 149 access. The entrance is highly visible and at grade to Hwy 149 while the lower elevation of the property would provide privacy and allow the housing and/or condo development to be hidden from highway traffic. The views from the property are spectacular, overlooking the Rio Grande River corridor and having unlimited views of the Rio Grande Club clubhouse and surrounding mountains. There is currently a main sewer line running the entire length of the property, adjacent to the railroad tracks. There is also a sewer line running along the back of the 0.50 acre commercial lot. The railroad corridor sits on land owned by this property ownership, with an easement for the use of the railroad. South Fork Water & Sanitation District has sewer capacity for this development. The Town of South Fork is currently expanding its water availability to provide water to additional portions of the Town. San Luis Valley Rural Electric Cooperative provides reliable electric power as well as Ciello high speed fiber optic internet. The Village at Wolf Creek, the future destination resort project, adjacent to and within the Wolf Creek Ski Area, has obtained its legally mandated access to its property. The potential for tourism growth in the Wolf Creek region, including South Fork and Rio Grande County, has never been been stronger. The western third of Rio Grande County is nearly 90% public lands. This does not provide large swaths of private land for development in the South Fork region. The future of South Fork will be to grow and fill in the remaining vacant land, providing new and additional commercial and professional services, for both the local residents and the visiting tourist base. The benefit of the majority of the land located in the western Rio Grande County being public lands, primarily Rio Grande National Forest lands, is that South Fork will grow up, but never overgrow. Urban sprawl will not overtake South Fork. This equates to a limited supply and increased demand of real estate in the region. South Fork, Colorado, The Mountains are Calling!

Listing Office : Elk Country Realty

Listing Map of 464 Hwy 149