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Great investment opportunity. This property offers an existing building with an abundance of on-site parking, all under a lease agreement, providing monthly income to cover taxes and insurance. Future use as the market further improves would include multi-family. This is an ideal location for moderately priced townhome units with close access to the river, downtown restaurants and businesses. You can easily walk to the San Juan River, the River Center, Town Park and Hot Springs. This site would also accommodate a work/residence development which had been planned for the property during an earlier period. City water and other utilities are on site, making this a good development property with exceptional future potential, priced very attractively.
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