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TBD 5th and Reese St - Mineral Creek Homes 3.1 Acres of Commercial Land Offered at $10,997,950 CAD in Silverton, CO 81433

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EXECUTIVE SUMMARY

Located in the heart of the San Juan mountains this newly constructed neighborhood sets a new standard for development in Silverton and is the largest expansion of residential lots in town. The 3 block area is now zoned R-2 multi-family which provides a plethora of building options including single family, duplex, triplex, quads and apartment buildings. This is a great opportunity for those looking to fill the massive need for housing in Silverton. With brand new infrastructure throughout, the development will be fully completed with buried utilities preserving sight line corridors along with high-speed fiber internet connections for each property, both of which are rare for Silverton and unique design offerings. All this will be topped with fresh roads, alleys and sidewalks making all of these lots shovel ready. This neighborhood is the answer Silverton needs to address the significant lack of inventory which has made it extremely difficult to find that perfect spot to plant roots in this wonderful place.
PROPERTY DETAILS
+ 3 City Blocks | Block 86 | Block 87 | Block 88
+ 54 total lots
+ Individual Lot size is 25’x100’ | 2,500 SqFt
+ Zoning R-2 Multifamily
+ Zoning Standards | 2 lots 50’x100’ as Single Sale
+ Purchase entire block | half block or multiple lots to build at scale

PROPERTY FACTS

Price $10,997,950 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 3.10 AC
Opportunity Zone Yes
Zoning R-2 - Single or Multi-family

1 LOT AVAILABLE

Lot

Price $10,997,950 CAD
Price Per AC $3,547,725.84 CAD
Lot Size 3.10 AC

This is a fully entitled grouping of flat and level town blocks which total 52 lots. All infrastructure is in place and ready to tap into making this development fully shovel ready for vertical build out.

DESCRIPTION

Welcome to Silverton, the most idyllic mountain town in the rocky mountains. Located in the heart of the San Juan mountains, this beautiful town is your basecamp for adventure and tucked under the tall peaks sits Silverton's newest neighborhood,Mineral Creek Homes. This newly constructed neighborhood sets a new standard for development in Silverton and is the largest expansion of residential lots in town, making it the opportunity you've been waiting for. The entire area is now zonedR-2 multi-family and each offering is for two 25x100 ft lots which complies with the zoning standard of 5,000 SqFt minimum per build site. R-2 zoning provides a plethora of options in designing your new mountain get-a-way, whether you want to build single family, duplex, triplex or quads the choice is yours. For those looking to fill the massive need for housing, you have the ability to purchase multiple lots and aggregate them into a large multi-family project such as apartments, townhomes or condos (call listings agent for more details). In addition to the brand new infrastructure throughout, the development is fully completed with buried utilities preserving sight line corridors along with high speed fiber internet connections for each property, both of which are rare for Silverton and unique design offerings. All this has been topped with fresh roads, alleys and sidewalks making all of these lots fully shovel ready. This amazing new neighborhood is the answer Silverton has been looking for to address the significant lack of inventory which has made it extremely difficult to find that perfect spot to plant roots in this wonderful place. Don't miss your opportunity to get in on the ground floor and start living the mountain dream in the heart of the San Juan's.

  • Listing ID: 34833465

  • Date on Market: 2025-02-14

  • Last Updated:

  • Address: TBD 5th and Reese St, Silverton, CO 81433

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