2929 Main Ave - Retail FOR SALE


Durango, CO 81301- Downtown Durango
$1,995,000 USD
970-946-3935
2929 Main Ave, Durango, CO for Sale
$1,995,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

2929 Main Ave
Durango, CO 81301
Downtown Durango


HIGHLIGHTS

  • Prime Location and Visibility
  • Tons of Parking
  • Income Sale for Investor

OVERVIEW

Durango Suites & Salons consists of 5749 sq ft of commercial space on an in-town 1/4 acre lot right in the heart of Durango. The building consist of 18 separate units, most of which are leased to professionals in the cosmetic/personal care industry. The south facing parking lot makes for easy snow removal, with plenty of spaces for both tenants and customers. Conveniently located near the Durango Rec Center, La Plata County Fairgrounds, north City Market, and several local restaurants. Current cap rate is 4.5% with easy room to increase rents. Annual taxes are only $13,394 paid by owner. Annual insurance is $5,700 paid by owner. Building is on one meter for electric (LPEA), water and sewer (City of Durango),natural gas (Atmos), all paid by owner.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

Commercial

APN/PARCEL ID

566517411022

ASK ABOUT THIS PROPERTY

Justin OsbornThe Wells Group Real Estate BrokerageMore Info
970-946-3935

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Justin OsbornThe Wells Group Real Estate BrokerageMore Info
970-946-3935

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