29909 US Highway 24 Buena Vista, CO ^$ 5,190,000

29909 US Highway 24

^$ 5,190,000

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New Construction

29909 US Highway 24

Buena Vista, CO, 81211

^$ 5,190,000

Bedrooms-- Baths-- Sq 20,000

Listed by 8z Real Estate - ROCC

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Property for Rent in Buena Vista, CO

for $5,190,000. This 20,000 square foot property was built in 1970 on a lot size of 4.42.

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.

Rental Active

Price

^$ 5,190,000

Taxes

^$ 17,100

Style

Mountain Contemporary,Traditional

Lot Size

4.42

Year Built

1970

Town/City

Buena Vista

County/Region

Chaffee

MLS | Web ID

8260540

Features

General

Sewer Septic Tank

Possession Negotiable

Roof Composition Metal

Zoning Mixed Use Commercial

Garage Spaces 0

Architectural Style Mountain Contemporary Traditional

Security Features Fire Sprinkler System

Construction Materials Frame Metal Frame Metal Siding Wood Siding

Exclusions Tenants personal property

Year Built 1970

Stories Count 1

Property Subtype Special Purpose

Tax Year 2024

Current Use Agricultural Automotive Commercial Construction Day Care Education/School Industrial Mixed Use Medical/Dental Multi-Family Office Residential Restaurant Retail

Gross Income 207600

County Chaffee

Property Type Commercial Sale

Attached Garage N

Building Features Business Center Signage Included Storage

Status Active

Directions Highway 24 north from the stop light to the properties on the left. Two separate parcels with multiple parcels - PLEASE MAKE AN APPOINTMENT WITH LISTING BROKER. LISTING BROKER TO BE PRESENT AT ALL S

City Buena Vista

Number Of Units Total 7

Lot Size Units Acres

Lot Size Square Feet 192535.2

Carport Spaces 0

Listing Terms Cash Conventional Owner Will Carry

Tax Annual Amount 17100

Leasable Area 20000

Lease Considered Y/N Y

Virtual Tour https://listings.mediamaxphotography.com/29805-US-Hwy-24-N

Structure Type Low Rise (1-3)

Lease Type NNN

Standard Status Active

Occupancy Type Tenant

Cap Rate 4

Exterior

Water Source Well

Total Parking 50

Lot Size Area 4.42

Building Area Total 20000

Lot Size Acres 4.42

Road Surface Type Gravel

Road Frontage Type Public

Road Responsibility Private Maintained Road Public Maintained Road

Internal Only

Street Number 1 29909

* Excluded Features

List By

8Z Real Estate - Rocc

Broker

(719) 395-7840

Phone

Nearby

Trends
Schools

About Buena Vista, CO

2,765 Population

23% Since 2002

^$52,089 Median Income

41.97 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/26/2025	$5,190,000		Listed Price

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29909 US Highway 24, Buena Vista, CO, 81211 is a Property for Rent at $5,190,000 with 20,000 sqft and a lot size of 4.42. 29909 US Highway 24 was built in 1970. The property's zip code is 81211 which is in Buena Vista, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/23/2026.

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PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

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29909 US Highway 24

Property for Rent in Buena Vista, CO

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