Sherpa Commercial Real Estate is pleased to present 139 W Hwy 50 Salida, CO 81201, a premier redevelopment opportunity situated in the heart of Salida’s primary commercial artery. This property offers a rare combination of immediate cash flow and high-density development potential. As Salida continues to evolve from a hidden mountain gem into a premier year-round destination, the demand for diversified housing and modernized commercial space has reached an all-time high. This site is perfectly positioned to capture that momentum.The existing site layout allows the property to remain operational during entitlement, planning, and early-stage redevelopment efforts. With a critical shortage of attainable housing in Chaffee County, the site’s proximity to downtown and transit makes it a prime location for high-density multi-family or "missing middle" housing. The Highway 50 frontage also provides high visibility for commercial/retail on the ground floor, with premium residential units above. The property is fully leased and has historically maintained strong occupancy through word-of-mouth leasing within the local community, underscoring sustained housing demand in the Salida market. Importantly, the existing improvements generate in-place income without introducing structural or layout constraints that would materially limit future redevelopment of the site. Please contact the listing broker for information on the existing in-place income and development potential.