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710 E Durant Avenue , W-4

Aspen, CO 81611
  • $1,205,550
  • STATUS: Active
  • ON SITE: 38 Days
  • MLS #: 175032
UPDATED: 50 min ago
$1,205,550
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 893
    SQFT
  • $1,350
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1987
County:

School Ratings & Info

Description

WELL LOCATED OFFICE OR SERVICE COMMERCIAL SPACE on 2nd floor with elevator access with views of views of Red Mtn. and Smuggler Mtn. just one block east of the Aspen Gondola. Income producing with four (4) years remaining on a 10-year lease. Lease currently at below market rent but with a 3% annual increase. EXCELLENT OPTION FOR INVESTOR LOOKING FOR A 1031 EXCHANGE. This space has an open space plan currently being used as a spa. Newly renovated common area and restrooms completed in 2017. The net annual rental income is $38,696 ($38.54/RSF). Garage parking spaces also available to buy or lease.

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© 2022 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aspen Snowmass | Sotheby's International Realty.

Data last updated: 2022-06-25T18:38:31.223.
www.searchrealestateaspen.com/homes/128790614
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710 E Durant Avenue , W-4 Aspen, CO 81611

  • Price: $1,205,550
  • Status: Active
  • On Site: 38 Days
  • Updated: 50 min ago
  • MLS #: 175032
0
Beds
0
Baths
0
½ Baths
N/A
Acres
893
SQFT
$1,350
$/SQFT
1987
Built
Neighborhood:
Durant Mall Condo
County:
Pitkin
Area:
01-Central Core
Property Description
WELL LOCATED OFFICE OR SERVICE COMMERCIAL SPACE on 2nd floor with elevator access with views of views of Red Mtn. and Smuggler Mtn. just one block east of the Aspen Gondola. Income producing with four (4) years remaining on a 10-year lease. Lease currently at below market rent but with a 3% annual increase. EXCELLENT OPTION FOR INVESTOR LOOKING FOR A 1031 EXCHANGE. This space has an open space plan currently being used as a spa. Newly renovated common area and restrooms completed in 2017. The net annual rental income is $38,696 ($38.54/RSF). Garage parking spaces also available to buy or lease.
Exterior Features

Access Paved Construction FramePoured ConcreteSteel/Metal Extras ElevatorFire AlarmFire Sprinkler SysHandicap AccessHigh Speed AvailableManagementRestroomsSecurity SystemSmoke Detectors Location Amenities Corner LotHigh Traffic LocHigh VisibilityIntersectionView Parking Area 6 - 10 SpacesAssignedParking Garage Roof Membrane Substructure Other

Interior Features

Building Sq Ft 10001 - 20000 Heating And Cooling BaseboardCentral AcCentral HeatingEvaporative CoolingGas Unit Sq Ft 893.00 Unit Sq Ft Range 501 - 1000

Property Features

Allowable Uses Business W/O ReBusiness W/ReIncomeMixed UseOfficeOtherRetail Amenities Bus/Shuttle ServiceOn-Site ManagementPets Allowed/OwnerPets Allowed/Renter Auction No Condition Good Condominiumized Yes Current Use MedicalOffice BuildingOtherProfessional ServiceRetail Store Documents On File Cc & R'sFinancialsHigh Speed AvailableLeasesSurvey/IlcTitle Insurance Electric Yes Expenses Include Grounds MaintenanceInsuranceManagementSewerSnow RemovalTrashUnit ElectricUnit HeatWater Foreclosure No Gas Natural Gas Inventory No Major Area Aspen Mineral Rights No Net Operating Income 38696.00 Number Of Units 1 - 5 Units Occupant 3 - 5 YearsTenant Occupied Owner Pays Association FeesBuilding InsuranceElectricGasInterior MaintenanceParkingProperty TaxesSewer Possession Subject To Lease REO No Sanitation Sewer Short Sale No Tax Year 2022 Taxes 7370.88 Tenant Pays Annual EscalationAssociation FeesBuilding InsuranceElectricGasInterior MaintenanceParkingProperty TaxesSewer Tenant Pays1 HoaRe TaxesPm Terms Offered Cash Total Expenses Per Year 18120.00 Transfer Tax Yes Type Commercial Under Construction No Water City Water Rights No Year Remodeled 2017.00 Zoning Mixed Use

Listing provided courtesy of Coldwell Banker Mason Morse-Aspen. Listing information © 2022 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
© 2022 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aspen Snowmass | Sotheby's International Realty.

Data last updated: 2022-06-25T18:38:31.223.
 
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