TBD TBD, Rico, CO 81332 (MLS# 40521)

$10,000,000
TBD TBD
Rico, CO 81332
MLS# 40521
Status: Pending

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Property 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

Details
Documents
Listing & Location Info
Current Price: $10,000,000
Sub-Type: 70+ Acres (Not Sub Dividable)
Area: Rico - 97 (Major Area 80)
Asking Price: 10000000
List Price Per/Acre: 8726
Street #: TBD
Street Name: TBD
City/Town: Rico
County: Dolores County
State/Province: CO
Postal Code: 81332
Keywords Info
Sanitation: Need Septic
Access Road: County
Density: More Than 40
Deed Restrict: None
General Info
Major Area: 80
Subdivision: None
Nbr of Acres: 1146
Irrigation Y/N: No
Zoning: Residential/Commercial
Legal: See documents ''Exhibit A'' for legal description
Directions: Call Listing Broker
View 1: Rico River Valley
View 2: San Juan Mountains
Financing Info
Assessor's Acct #: 0000000000
Taxes: 14227.6
Tax Year: 2021
RETT: None
Status Change Info
Status: Pending
Under Contract Date: 2022-09-21
Proposed Close Date: 2023-04-05
Utility Info
Phone Lines: Unknown
Cable TV: Not In Area
Property Features
Disclosures: Flood Plain; Geo Hazard; Right of 1st; Wetlands
Water: Tap Fee Due; Well Required
Sewer: Septic Required
Utilities: Electricity; Telephone Line
Special Location: Borders Nat'l Forest; Borders Open Space; Borders River; Main Street; Mining Claim; Nat'l Forest Service; Open Space; River
Lot Locations: Borders BLM/USFS; Borders Public; Water Front
Access: County
Surface Water: River
Documents on File: Aerial Photos; Legal Description; Other
Supplements
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.

Listing Office: Telluride Properties

Listing Agent: Eric Saunders

Last Updated: March - 21 - 2023

TBD TBD, Rico, CO 81332 - MLS# 40521
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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