1301 Florida Road

    Durango, CO 81301
    • $1,795,000
    • STATUS: Active Under Contract
    • ON SITE: 121 days
    • MLS #: 743825
    Under Contract
    UPDATED: 35 min ago
    $1,795,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 2
      BATHS
    • 4
      1/2 BATHS
    • 8,027
      SQFT
    • $224
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Listing courtesy of Legacy Properties West Sotheby's Int. Realty.


    Description

    Located on the corner of Florida Road and North College Drive, this is an exceptional opportunity to own a mixed-use commercial parcel in a high traffic location. Property consists of 5 separate leases, current tenants are: JBo's Pizza & Bar, ReLove Consign & Design, Happy Paws Pet Spa and a single family residential home. All of the commercial tenants are solid local businesses. The new 1304 Florida apartment complex is directly across the street consisting of 68 residential rooms. Future residential development is planned on the parcel immediately east of property and Mountain Sun apartments is catty corner. With an NOI of $121,000 and a CAP Rate of 6.8%, this is an incredible opportunity for an investor or a potential owner-occupant.

    Monthly Payment Calculator

    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 2018. 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: 2018-08-16T10:57:07.6.
    www.durangomountainrealty.com/homes/82636578

    1301 Florida Road Durango, CO 81301

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 35 min ago
    • MLS #: 743825
    0
    Beds
    2
    Baths
    4
    ½ Baths
    0.69
    Acres
    8,027
    SQFT
    $224
    $/SQFT
    1972
    Built
    Neighborhood:
    Durango In Town
    County:
    La Plata
    Area:
    Durango In Town
    Property Description
    Located on the corner of Florida Road and North College Drive, this is an exceptional opportunity to own a mixed-use commercial parcel in a high traffic location. Property consists of 5 separate leases, current tenants are: JBo's Pizza & Bar, ReLove Consign & Design, Happy Paws Pet Spa and a single family residential home. All of the commercial tenants are solid local businesses. The new 1304 Florida apartment complex is directly across the street consisting of 68 residential rooms. Future residential development is planned on the parcel immediately east of property and Mountain Sun apartments is catty corner. With an NOI of $121,000 and a CAP Rate of 6.8%, this is an incredible opportunity for an investor or a potential owner-occupant.
    Exterior Features

    Carport No Lot Dimension .69 Acres Property Attached Yes Stories 1 Water Well No Waterfront YN No

    Interior Features

    Finished Sq Ft 8027 Loading Dock No Main Sq Ft 8027 One Quarter Baths 0 Total Offices 0

    Property Features

    Books Available Yes Cam Yes Cap Rate Percent 6.8 Current Business Jbo'sReloveHappy Paws Current Use RestaurantBarRetail StorefrontMixed UseService Desc Of Business 4 Retail1 Residential Exchange Trade No Fixtures Included No Gross Scheduled Income 143000 Inventory Included No Lease Included Yes Monthly Cam Charges Varies Monthly Insurance Charges 323.00 Net Operating Income 121000 New Construction YN No Owners Association No Possible Property Use Mixed-Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2017 Total Taxes 8967.00 Type Multi-Use W/Res Type Of Sale Asset Variable Rate No Water Rights No Year Started 2003

    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 2018. 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: 2018-08-16T10:57:07.6.
     
    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of Legacy Properties West Sotheby's Int. Realty.