Description
Prime Main Street opportunity featuring a 3BD / 2BA single-family home plus a separate studio apartment, each with private entrances and their own laundry. The main home offers wood floors, stainless appliances, an updated bath, metal roof, stucco siding, and an attached 2-car garage. Both units are currently leased and generating reliable income, allowing owners to live, rent, or hold while pursuing future plans. Situated on three contiguous city lots and zoned B-1 (Professional Business), the property supports a wide range of uses—residential, mixed-use, professional office, or boutique lodging. The site is part of a larger seven-lot Main Street redevelopment assemblage previously reviewed by the City of Gunnison and CDOT for a boutique hotel concept. While those approvals have expired, they provide strong precedent and a valuable entitlement foundation for similar future proposals. Located within the federally designated Gunnison Opportunity Zone, the parcel qualifies for capital gains tax incentives for redevelopment or long-term investment strategies. With the Gunnison Valley projected to be over 1,000 housing units short by 2029, demand for centrally located residential and lodging inventory continues to grow. Whether seeking a central in-town residence with income, a strategic long-term hold, or a downtown redevelopment site, 416 N Main Street represents one of the most versatile and compelling offerings in the Main Street corridor.
