Appraisal Report for ALP 46.27 acres Retro. Value 10/10/02

NEIGHBORHOOD DATA
The neighborhood of Subject is located on the southern periphery of the City
of Durango. It may be defined as the strip commercial development along U.S.
Highway 160/550 from Gateway Drive (the 8th Avenue bypass) on the north to the
intersection with 550 South to the south. Recent subdivisions in the neighborhood,
such as Centennial Center, Skatetown, Durango Mall, South Durango Center and
New County Subdivision have been annexed to the City of Durango. A 1996 map
of the neighborhood is included at the end of this discussion.
The four lane U.S. Highway 160/550 bypass was completed in 1979
providing highway frontage to the neighborhood. The neighborhood is one of three
commercial neighborhoods in Durango including the Downtown Business District
and the North Main commercial neighborhood. Development prior to the
completion of the highway bypass was limited to the Bodo Business Ranches,
some light industrial, and single family houses. The neighborhood was primarily
vacant.
The Downtown Business District caters to pedestrian traffic. The only other
competitive neighborhood for vehicular traffic is North Main. North Main, U.S.
Highway 550 North, connects Durango with Purgatory Ski Area. Development in
this neighborhood is traffic oriented commercial with older motels, restaurants,
shops, offices and service stations. The traffic count on North Main ranges from
35,200 on the south to 13,200 at the city limits.
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