TBD TBD, Rico, CO 81332 (MLS# 40522)


$10,000,000
TBD TBD
Rico, CO 81332
MLS# 40522
Status: Pending



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Telescope Hillside Looking North Telescope Hillside Telescope Hillside Telescope Hillside Telescope Hillside Telescope Hillside Telescope Hillside Looking North View from Telescope View From Telescope River Lodge site River Lodge site River Lodge site River Lodge site River Lodge site View Over Downtown Rico Newman Hillside Newman Hillside Newman Hillside Newman Hillside Newman Hillside Newman Hillside Newman Hillside East Side East Side East Side East Side East Side East Side East side of town towards Telescope East + W sides looking towards Telescope West Side West Side West Side West Side West Hillside West Hillside looking towards the North View over Downtown looking North Telescope to Dolores Pano

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: Business
Major Area: 80
Area: Rico - 97 (Major Area 80)
Asking Price: 10000000
Street #: TBD
Street Name: TBD
City/Town: Rico
County: Dolores County
State/Province: CO
Postal Code: 81332
General Info
Nbr of Acres: 1146
Subdivision: None
Zoning: Residential/Commercial
Legal: see documents ''Exhibit A'' for legal
Source SqFt: Broker
Directions: From Telluride take HWY 145 South to Rico
View 1: Rico River Valley
View 2: San Juan Mountains
Financing Info
Assessor's Acct #: 12345678910
Taxes: 14227.6
Tax Year: 2021
RETT: None
Status Change Info
Status: Pending
Under Contract Date: 2022-09-21
Proposed Close Date: 2023-01-30
Utility Info
Phone Lines: Regular Phone
Primary Heat: Other See Feature
Property Features
Disclosures: Flood Ins Required; Flood Plain; Geo Hazard; Right of 1st; Wetlands
Electric: Power Company
Special Location: Borders Nat'l Forest; Borders Open Space; Borders River; Main Street; Mining Claim; Nat'l Forest Service; Open Space; River
Green Features: Geothermal
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. 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

Listing Office: Telluride Properties

Listing Agent: Eric Saunders

Last Updated: September - 26 - 2022

TBD TBD, Rico, CO 81332 - MLS# 40522
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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