46.1 acres located just 1.5 miles from Main Street in Durango, Colorado, representing a rare large-scale infill opportunity within city limits. Parcels of this size with close proximity to downtown are increasingly limited, positioning this property as a strategic acquisition for developers seeking scale, flexibility, and long-term upside. The property carries a combination of Rural/Agricultural and Commercial General zoning. Existing entitlements allow for a range of commercial and limited rural uses, and the site includes an operating gas station tenant providing in-place income. The lease is not long term, offering flexibility for a future owner to redevelop, reposition, or potentially subdivide the gas station parcel as part of a phased strategy. Approximately two acres of flat, creek-side ground provide highly buildable terrain with strong potential for townhomes, multifamily, or mixed-use concepts. An additional 2+ acres across the creek could also be evaluated for future development, expanding overall density potential and site design options. A residential or multifamily development would require a change of use and approval through the City of Durango’s planning and entitlement process. Developers should consult with city planning staff to evaluate rezoning, density allowances, infrastructure requirements, and annexation or land use considerations as applicable. With utilities accessible and a location minutes from downtown amenities, this property offers the opportunity to execute a phased development plan that blends interim income with long-term entitlement and vertical upside in one of Southwest Colorado’s most supply-constrained markets.