2180 Main Ave - Freestanding FOR SALE


Durango, CO 81301- Downtown Durango
$3,250,000 USD
970-749-5710
2180 Main Ave, Durango, CO for Sale
$3,250,000 USD
Freestanding - FOR SALE
1/19
null | 5.17% Cap Rate

2180 Main Ave
Durango, CO 81301
Downtown Durango


HIGHLIGHTS

  • Net Operating Income of $168,000; Cap rate of 5.2%
  • Turnkey Investment: with a long-term lease in place and minimal management from owner.
  • Durango, Colorado, is a vibrant and growing community with a robust local economy, offering a stable environment for commercial real estate investment
  • Beautiful building meets contemporary standards and minimizes future capital expenditures for the discerning investor.

OVERVIEW

The 2180 Main Ave building presents a rare and compelling opportunity to acquire a meticulously renovated, premier commercial building located in the heart of Durango, Colorado. Boasting a long-term NNN lease with a well-established, successful tenant, this property offers a stable income stream and an attractive return on investment with a cap rate of 5.2%. The property’s prime location, coupled with a beautiful building and robust lease structure, makes it an ideal addition for investors seeking to diversify their portfolio with a high-performing asset in a desirable market. Acquired by the current owner in 2006, this commercial building underwent a comprehensive, top-to-bottom renovation that transformed it into a modern, highly functional facility. The property features a substantial 5,591 square feet of heated, finished commercial space, perfectly suited for a variety of business operations. In addition to the primary commercial area, the building also includes an impressive 2,688 square feet of dedicated warehouse space, providing ample storage, logistics, or operational support capabilities. These extensive renovations ensure the building meets contemporary standards and minimizes future capital expenditures for the discerning investor. A key highlight of this investment is the exceptionally strong tenancy. The current tenant, a highly reputable business with a proven track record of over 20 years in the community, is not for sale; rather, this offering focuses solely on the real estate. The tenant currently operates under a robust 5-year NNN (Triple Net) lease agreement. This favorable lease structure places the responsibility for property taxes, insurance, utilities and maintenance squarely on the tenant, thereby minimizing landlord responsibilities and maximizing net operating income for the investor. Furthermore, the lease includes an attractive option for the tenant to extend for an additional 5 years, providing potential for even longer-term income stability and predictability. This established and reliable tenant base significantly de-risks the investment and ensures a consistent cash flow.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$581 USD /SF

CAP RATE

5.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

MU-A: Mixed-Use -Arterial

APN/PARCEL ID

R003720

ASK ABOUT THIS PROPERTY

Nicole PerinoLegacy Properties West - Sotheby's Intl RealtyMore Info
970-749-5710

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Nicole PerinoLegacy Properties West - Sotheby's Intl RealtyMore Info
970-749-5710

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.