A piece of land owned by Rocky Mountain Chocolate Factory will hit the market later this week.

The 2-acre parcel north of the RMCF campus at 265 Turner Drive in Bodo Industrial Park was purchased in the late 1990s when the chocolatier expected to expand, but it never ended up using that property.

The $1.15 million parcel is being marketed through The Wells Group and is one of the few remaining available lots in Bodo Industrial Park, said RMCF Board of Directors Chairman Jeff Geygan.

“Historically, we’ve really just kept that for investment purposes, but at this point, we’re a growing business,” he said. “There’s still capital we want to put back into the company. So this was an obvious choice for the board to say, ‘Let’s liquidate the asset.’”

The land remains undeveloped and RMCF views it as an unproductive asset. The company feels it could be using capital from the sale toward production.

Geygan was adamant that the sale does not mean the company is moving on from its Durango location and remains committed to investing in the Durango economy.

Geygan is interested in building synergy with a potential buyer.

“It would be great to have someone out there who puts up a property that either could be a supplier to us or maybe a customer of ours,” he said. “Although it’s not ideal for retail.”

Zane Wells, the broker in charge of selling the property, said the location would be ideal for warehouse space.

“It’s underutilized at the moment,” he said.

The area around Turner Drive is about 98% built out, and lots are limited in that portion of Bodo Industrial Park.

tbrown@durangoherald.com