Silverton, Colorado Commercial Real Estate 0 Listings

Silverton, Colorado: A Premier Destination for Commercial Real Estate

Introduction

Silverton, Colorado, though small in size, offers a unique commercial real estate (CRE) landscape that is attractive to investors and businesses alike. Nestled in San Juan County, Silverton is renowned for its rich mining history and emerging tourism industry. The town's strategic location within the San Juan Mountains and its growing economic diversification present promising opportunities for commercial real estate development.

Economic and Industry Overview

Silverton's economy is historically rooted in mining, but it has diversified over the years to include tourism, outdoor recreation, and small-scale manufacturing. The town's picturesque setting attracts tourists year-round, driving demand for retail and hospitality properties. The presence of regional economic development initiatives, such as those promoted by the Region 9 Economic Development District of Southwest Colorado, supports this diversification, fostering a conducive environment for CRE growth.

Strategic Location and Transportation Infrastructure

Despite its remote location, Silverton benefits from strategic transportation links that enhance its commercial appeal. The town is accessible via U.S. Highway 550, part of the scenic Million Dollar Highway, which connects it to larger markets such as Durango and Montrose. While Silverton does not have its own airport, it is within reach of the Durango-La Plata County Airport, providing logistical advantages for businesses seeking access to regional and national markets.

Commercial Real Estate Inventory & Zoning

Silverton's CRE market is characterized by a mix of retail, hospitality, and industrial properties. The central business district (CBD) is a hub for retail and tourism-related enterprises, while industrial zones are located on the town's outskirts. Zoning changes and incentives are often spearheaded by the Town of Silverton, which offers a zoning map and parcel viewer to guide developers. Key asset classes include retail spaces, hospitality venues, and opportunities for mixed-use developments.

Major Employers and Institutions

Silverton's economy is supported by a mix of public and private employers. Notable entities include the Silverton Mountain Ski Area, the Silverton Public School District, and the San Juan County government offices. These institutions not only provide employment but also drive demand for commercial space in the area. For more information on local businesses, visit the Silverton Chamber of Commerce.

Notable Commercial Developments & Projects

Silverton is witnessing several exciting developments, including mixed-use projects and hospitality expansions that capitalize on the town's increasing tourist footfall. The designation of Opportunity Zones within the area offers tax incentives for investors, further spurring development. Information on ongoing and upcoming projects can be accessed through the San Juan County Planning Department.

Building Permits, Planning, and Development Tools

To facilitate development in Silverton, the town provides a range of resources for builders and developers:

Market Data & Economic Reports

Silverton's CRE market is supported by data from sources like census.gov and the town's open data portal. These resources provide valuable insights into demographic and economic trends. Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market analyses. Users are invited to explore Brevitas-powered dashboards for Silverton's CRE landscape.