Skip To Content

TBD Mineral Street

Silverton, CO 81433
  • $2,499,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 810570
$2,499,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,500
    SQFT
  • $111
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Listing courtesy of United Country Blue Sky Homes and Land: 970-516-1759.


Description

Business opportunity in an Enhanced Enterprise and Opportunity Zone in Silverton, CO! Silverton LP Gas has been under the same ownership since 1954. This essential propane company services approximately 475 households in the town of Silverton, CO. The turnkey business comes with all of the inventory and real estate needed to operate continuously without disruption of service to the customers. The business sits on 9 lots in a mixed-use zone and it has been identified as an area to remain business/mixed use in the future land use framework as part of the Silverton Compass Master Plan 2022. The mixed use zone allows for commercial, multi-family and single family development. Water and sewer tap fees have been paid but not installed, a current value of $13,729. San Miguel Power has buried the power lines on the property. The Silverton Compass Master Plan 2022 has identified the need for redundancy in the power supply due to frequent power outages, making propane an essential utility service. 64% percent of the 475 tanks are company owned, creating additional rental income for Silverton LP Gas. Silverton/San Juan County is an Enhanced Enterprise Zone which offers tax incentives for new employees, employee training, new equipment purchases, and blighted building rehabilitation. Enterprise Zones tax credits are available from the State of Colorado Office of Economic Development and International Trade (OEDIT). Silverton/San Juan County is also an Opportunity Zone. Opportunity Zones are a federal program designated in the 2017 tax reform bill The allow incentive for investors to support distressed communities through private equity investments in businesses and real estate ventures. The incentive is deferral, reduction and potential elimination of certain federal capital gains taxes. The benefits of Opportunity Zone tax incentives are: 1. Deferral of capital gains tax until sale or Dec 31, 2026 2. Partial reduction of deferred gain " Tax basis increases by 10% if investment is held for 5 years " Tax basis increases by additional 5% if investment is held for 7 years 3. No capital gains tax on appreciation if investment is held for 10 years Historic Silverton, Colorado is an austere and iconic mountain town situated at 9318' in the heart of the San Juan Mountains. The breathtaking Million Dollar Highway delivers you back in time to a historic mining town with colorful Victorian era homes dotting the alpine landscape. Todays economy consists of outdoor recreation and tourism, primarily brought from The Durango Silverton Narrow Gauge Railroad (DSNGR), which brings up to 1400 tourists to town daily by train. This town boasts a Regio inspired pre-school, Expedition Learning K-12 School, an in-town ski hill free to all students of Silverton at Kendall Mountain, and the elite Silverton Mountain Ski Resort for only the most experienced skier. This is a unique mountain living experience that cannot be duplicated anywhere across the lower 48.

Monthly Payment Calculator

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-02-21T23:57:24.047.
www.thehowegroup.co/homes/147179403
Print Image

TBD Mineral Street Silverton, CO 81433

  • Price: $2,499,000
  • Status: Active
  • On Site: 20 Days
  • MLS #: 810570
0
Beds
0
Baths
0
½ Baths
0.52
Acres
22,500
SQFT
$111
$/SQFT
Neighborhood:
Silverton
County:
San Juan Co
Area:
Silverton
Property Description
Business opportunity in an Enhanced Enterprise and Opportunity Zone in Silverton, CO! Silverton LP Gas has been under the same ownership since 1954. This essential propane company services approximately 475 households in the town of Silverton, CO. The turnkey business comes with all of the inventory and real estate needed to operate continuously without disruption of service to the customers. The business sits on 9 lots in a mixed-use zone and it has been identified as an area to remain business/mixed use in the future land use framework as part of the Silverton Compass Master Plan 2022. The mixed use zone allows for commercial, multi-family and single family development. Water and sewer tap fees have been paid but not installed, a current value of $13,729. San Miguel Power has buried the power lines on the property. The Silverton Compass Master Plan 2022 has identified the need for redundancy in the power supply due to frequent power outages, making propane an essential utility service. 64% percent of the 475 tanks are company owned, creating additional rental income for Silverton LP Gas. Silverton/San Juan County is an Enhanced Enterprise Zone which offers tax incentives for new employees, employee training, new equipment purchases, and blighted building rehabilitation. Enterprise Zones tax credits are available from the State of Colorado Office of Economic Development and International Trade (OEDIT). Silverton/San Juan County is also an Opportunity Zone. Opportunity Zones are a federal program designated in the 2017 tax reform bill The allow incentive for investors to support distressed communities through private equity investments in businesses and real estate ventures. The incentive is deferral, reduction and potential elimination of certain federal capital gains taxes. The benefits of Opportunity Zone tax incentives are: 1. Deferral of capital gains tax until sale or Dec 31, 2026 2. Partial reduction of deferred gain " Tax basis increases by 10% if investment is held for 5 years " Tax basis increases by additional 5% if investment is held for 7 years 3. No capital gains tax on appreciation if investment is held for 10 years Historic Silverton, Colorado is an austere and iconic mountain town situated at 9318' in the heart of the San Juan Mountains. The breathtaking Million Dollar Highway delivers you back in time to a historic mining town with colorful Victorian era homes dotting the alpine landscape. Todays economy consists of outdoor recreation and tourism, primarily brought from The Durango Silverton Narrow Gauge Railroad (DSNGR), which brings up to 1400 tourists to town daily by train. This town boasts a Regio inspired pre-school, Expedition Learning K-12 School, an in-town ski hill free to all students of Silverton at Kendall Mountain, and the elite Silverton Mountain Ski Resort for only the most experienced skier. This is a unique mountain living experience that cannot be duplicated anywhere across the lower 48.
Exterior Features

Acreage Range .5-.99 Carport No Lot Dimension 225x100 Parking Off Street Property Attached Yes Sewer Public Sewer Available Stories 0 Street Description City/Town Water Public Water Well No Waterfront Creek Waterfront YN Yes

Interior Features

Finished Sq Ft 0 Heating Fuel Source Propane One Quarter Baths 0 Total Offices 0

Property Features

Available Utilities InternetSanitary SewerWater Books Available No Cam No Covenants NO Current Business Propane Company Current Use Industrial Desc Of Business Propane Company Enterprise Zone Yes Exchange Trade No Existing Utilities Electric Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use Mixed-UseOther Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2023 Total Taxes 2339.22 Type Business Opp Available Variable Rate No Water Rights No Zoning Type Mixed Use

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-02-21T23:57:24.047.
 
https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_810570-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_810570-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_810570-2.jpg
Logo
The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of United Country Blue Sky Homes and Land: 970-516-1759.