TBD TBD
TBD TBD
TBD TBD
TBD TBD
VIEW PHOTOS
$7,789,350

TBD TBD

49,919,760 Sq.Ft.

Description

The chance to be a part of the resurgence of a small Colorado mountain town lies in the hands and the vision of the new owner of this unmatched offering in Rico. The Silver Springs at Rico offering consists of 181 separate parcels of land (146 mining claims, 6 tracts, and 29 platted lots) dispersed over 1,146 acres in one of the most beautiful destinations in Southwest Colorado. Silver Springs at Rico is an unparalleled value-add opportunity in any market, and a true masterpiece in today's resort and commercial real estate markets affording the new owners a multitude of paths toward value

This property provides many compelling options for the investor including a USFS trade for land elsewhere in Colorado, harvesting geothermal energy with myriad benefits and uses, as well as numerous development scenarios. Envision a Hot Springs Hotel and Resort right on the river downtown, or the development of home sites with mountain residences in the hillsides. None of these options are mutually exclusive providing the freedom to mix and match. Surrounded by the towering San Juan peaks and nestled in the headwaters of the Dolores river valley, the charming old mining town of Rico provides a mecca for outdoor adventure enthusiasts and those seeking a true mountain lifestyle. This offering is truly rare and special, providing one the chance to create a legacy in one of the most stunning mountain town settings.

Please visit the property website below for more detailed information on this listing.
https://www.tellurideproperties.com/silver-springs/

Please reach out directly for a full offering memorandum and/or to schedule a tour of the property in late spring when the snow has subsided

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Location

TBD TBD, Rico, CO 81332

Status

Sold

Property Amenities

Area & Lot
Lot Area 1,146 Acres
Living area 49,919,760 Sq.Ft.
MLS® ID 40522
Type Commercial
Status Sold
Finance
Sales Price $7,789,350

Work With Eric

Eric loves to help people discover the mountain lifestyle and magic of Telluride. He brings a high level of professionalism and integrity to each transaction; allowing you to relax and enjoy the buying/selling process. He has been involved in over $400 million in real estate transactions and has guided clients through large-scale and single-family developments, condo, commercial and land purchases.