0.84 Acres of Land for Sale in Gunnison, Colorado

Vacant land on Highway 135! Potentially a prime commercial opportunity with approximately 165 feet of Highway 135 frontage just inside Gunnison city limits! This recently fenced and landscaped property offers exceptional visibility, easy access, and endless development potential in one of the area's most sought-after commercial corridors. Located within a federally designated Opportunity Zone, this property may provide significant tax advantages, including the potential to defer capital gains taxes and, under current Opportunity Zone guidelines, potentially eliminate capital gains taxes on qualifying improvements if held for the required investment period. The level lot features mature trees, attractive landscaping, a rock-wall border, and an ideal development footprint. Commercial zoning allows for a wide variety of uses while also permitting second-story residential or multifamily development. Current zoning provides for up to 70 units per acre, with a maximum lot coverage of 90% allocated to structures, parking, and access, and 10% dedicated to landscaping. The City has indicated that alternative site plans may be considered through the planning and zoning process, including concepts that incorporate residential or multifamily components at ground level, provided that commercial use remains along the Highway 135 frontage. Utilities are readily available, with electric and sewer accessible to the property and a paid-for city water tap expected soon. Potential approved uses include: • Professional office space • Engineering firms • Architectural and design studios • Legal offices • Medical and healthcare services • Real estate offices • Light industrial operations • Equipment rental businesses • Geotechnical testing facilities • Fabrication and manufacturing uses • Brewery or distillery operations • Brewery, winery, or distillery tasting rooms Whether you're an investor, developer, or business owner looking for premium highway frontage with flexible zoning and outstanding long-term upside, this rare in-town Opportunity Zone property deserves a closer look. Take advantage of this exceptional commercial development opportunity inside Gunnison city limits today! **AI generated photos used for visualization.