Property
ActiveCommercial
1/43
$5,190,000

29909 US Highway 24

Buena Vista, CO 81211
0
Beds
0
Baths
20,000
SqFt
4.42
Acres
RECOLORADO
#8260540
Updated: May 8, 2026, 9:30pm

Property Description

Positioned in Northern Chaffee County opportunity zone, this 4.42-acre property offers the kind of investment potential that is increasingly difficult to find—multiple income streams, established tenants, expansion opportunities, and long-term upside.

The property is anchored by three newly constructed Chief Buildings
, each featuring heated interiors and a half bath. Currently configured as three rental units, the buildings were designed with flexibility in mind and can be divided to create up to six leasable commercial spaces, allowing an investor to significantly increase rental income over time.

Adding to the income-producing portfolio is a single-family residence tucked at the rear of the property, currently leased for $2,000 per month, along with a commercial building and apartment generating $3,300 per month. With established long-term tenants and destination businesses already in place, the property provides immediate cash flow while offering multiple avenues for future growth.

The opportunity extends even further. According to the existing site plan, there is capacity to construct an additional building along the highway, creating the potential for another revenue-generating asset in a highly visible location. Three wells and individual septic systems support the improvements, and a solar system serving the commercial building helps minimize utility expenses and enhance operating efficiency.

For investors seeking a property with current income, built-in flexibility, and substantial development potential, this asset stands out as a compelling opportunity in one of Colorado’s most dynamic mountain markets. Buyers are encouraged to verify allowable uses and development options with Chaffee County under the land use code and zoning map adopted January 1, 2025.
Launch 3D Virtual Tour
Opens in a new window

Property Details

Interior
Building Area Total
20000
Security Features
Fire Sprinkler System
Construction
Also Marketed As
Commercial Sale
Architectural Style
Mountain ContemporaryTraditional
Construction Materials
FrameMetal FrameMetal SidingWood Siding
Number Of Units Total
7
Roof
CompositionMetal
Structure Type
Low Rise (1-3)
Year Built
1970
Year Built Effective
2024
Site & Exterior
Current Use
AgriculturalAutomotiveCommercialConstructionDay CareEducation/SchoolIndustrialMixed UseMedical/DentalMulti-FamilyOfficeResidentialRestaurantRetail
Lot Size Acres
4.42
Lot Size Area
4.42
Lot Size Square Feet
192535.2
Lot Size Units
Acres
Offstreet Spaces
50
Parking Total
50
Road Frontage Type
Public
Road Responsibility
Private Maintained RoadPublic Maintained Road
Road Surface Type
Gravel
Sewer
Septic Tank
Water Included
Yes
Water Source
Well
Well Type
Commercial
Zoning
Mixed Use Commercial
Financials
Contract Earnest Check To
True Title
Contract Min Earnest
75000.00
Documents Available
Building PlansLeasesLegal DescriptionPlatRental AverageSurveyUtility AverageWell Permit
Exclusions
Tenants personal property
Existing Lease Type
NNN
Lease Considered
Yes
Parcel Number
R327108200127
Tax Annual Amount
17100
Tax Exemptions
Qualified Opportunity Zone
Tax Legal Description
TRACTS IN NE4NW4 8-14-78 REC 420458 484372 known as parcels 327108200127 AND 327108200107 CONSISTING OF 4.43 ACRES, A HOME, COMMERCIAL BUILDING AND THREE NEW METAL BUILDINGS. FINAL LEGAL DESCRIPTION TO BE DETERMINED BY THE TITLE COMMITMENT.
Tax Year
2024
Title Company
True Title

Neighborhood & Lifestyle

Listing provided courtesy of RECOLORADO via IDX. Updated: May 8, 2026, 9:30pm.
Julie Kersting

Listing Agent

8z Real Estate - ROCC

Call Agent