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1063 Main Avenue , See Remarks

Durango, CO 81301
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 26 Days
  • MLS #: 812880
Under Contract
UPDATED: 46 min ago
$750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 1
    1/2 BATHS
  • 2,449
    SQFT
  • $306
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1953
County:

School Ratings & Info

Listing courtesy of Durango Land and Homes: 970-828-2222.


Description

Low-maintenance turn-key investment opportunity in the heart of Downtown Durango! This nicely restored retail bay, which hosts Durango's beloved Mac Ranch (Apple Dealer) store, has previously been condominiumized to also include two other individually rented offices and a restroom, as well as a larger office suite comprising a separate parcel number and direct rear entrance as well. The HOA fees include all HVAC and Roof maintenance and replacement costs. The Owner has very little, to no repairs and maintenance to deal with and there is an on-site manager to handle most all issues. This ground-level property has been incorporated into the Crossroads Durango mixed-use building, and as such, tenants and owners enjoy all of the associated benefits and amenities provided by the Owners Association. See attached for a list of these noteworthy benefits. THREE (3) dedicated and assigned parking spaces are included in this price. All four tenants have strong leases in place to transfer to the buyer with an approximate 6% CAP rate. Contact agent for a complete packet with a signed NDA.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-22T08:56:50.683.
www.durangomountainrealty.com/homes/149921090
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1063 Main Avenue , See Remarks Durango, CO 81301

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 26 Days
  • Updated: 46 min ago
  • MLS #: 812880
0
Beds
0
Baths
1
½ Baths
N/A
Acres
2,449
SQFT
$306
$/SQFT
1953
Built
Neighborhood:
Durango In Town
County:
La Plata
Area:
Durango In Town
Property Description
Low-maintenance turn-key investment opportunity in the heart of Downtown Durango! This nicely restored retail bay, which hosts Durango's beloved Mac Ranch (Apple Dealer) store, has previously been condominiumized to also include two other individually rented offices and a restroom, as well as a larger office suite comprising a separate parcel number and direct rear entrance as well. The HOA fees include all HVAC and Roof maintenance and replacement costs. The Owner has very little, to no repairs and maintenance to deal with and there is an on-site manager to handle most all issues. This ground-level property has been incorporated into the Crossroads Durango mixed-use building, and as such, tenants and owners enjoy all of the associated benefits and amenities provided by the Owners Association. See attached for a list of these noteworthy benefits. THREE (3) dedicated and assigned parking spaces are included in this price. All four tenants have strong leases in place to transfer to the buyer with an approximate 6% CAP rate. Contact agent for a complete packet with a signed NDA.
Exterior Features

Lot Dimension 0 Parking 2-10 Total SpacesAssigned Parking Spaces 3 Stories 1 Water Well No Waterfront YN No

Interior Features

Cooling yes Cooling Type Central A/C Finished Sq Ft 2449 Flooring CarpetOtherWood Heating Fuel Source Natural Gas Heating System Forced Air Heating System1 forced air Main Sq Ft 2449 One Quarter Baths 0 Total Offices 4

Property Features

Cam No Covenants YES Current Business Mac Ranch + 3 others Current Use General OfficeRetail Storefront Exchange Trade Yes Inventory Included No Lease Included Yes New Construction YN No Oa Fees $738 Oa Fees Frequency Monthly Oa Name Crossroads Durango Owners Association Yes Possible Property Use General OfficeRetail StorefrontShowroom Real Estate For Sale Yes Reo Lender Owned No Tax Year 2023 Total Electric Meters 2 Total Taxes 6406.00 Type Retail Variable Rate No Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-22T08:56:50.683.
 
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Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of Durango Land and Homes: 970-828-2222.