New Captain Jack West subdivision in Steamboat draws interest
Steamboat Springs — Buyers are already showing significant interest in vacant lots that are part of the newly established Captain Jack West industrial subdivision off 13th Street.
Three of the nine lots — zoned for industry use, but also feasible for some forms of housing — have been sold, and a fourth is under contract, according to Scott Eggleston, a Steamboat Sotheby’s International Realty broker listing the subdivision for owner Michael Kortas.
Eggleston said the lots, which range in size from 0.19 to 0.9 acre, are zoned for industrial use but allow outside storage and residential live/work spaces, so long as zoning regulations are met.
Those regulations require no more than 60 percent of the lot be built on and that at least 50 percent be used for industrial purposes.
Eggleston said regulations will allow multiple housing units on a single lot, something he thinks could potentially help address the local housing shortage.
“We can put on some of these lots 12 units,” Eggleston said. “It’s not a perfect residential living area, but you can put housing in there.”
The lots range in price from $100,000 to $250,000, based on size.
“It’s really affordable residential land, and the only condition is you have to have a garage under your residential unit,” Kortas said.
Eggleston said the lots are appealing to small business owners and contractors or anyone with extensive storage needs.
He added that, although they’re in an industrial area of town, the lots offer a nice, distant view of the Mount Werner.
“They have great views,” Eggleston said.
Captain Jack Drive, where the lots are located, was recently paved and will ultimately be maintained by the city, and water and sewer infrastructure is part of each lot.
Development is underway for two warehouse/shop buildings this fall, and a live/work residence in the subdivision is already under construction.
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