710 E Durant Avenue, #W-1, W-2 & W-3

Aspen, CO 81611 / Durant Mall Condo

MLS ID# 161018 Closed
Commercial

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Closed $7,450,000

0 acres

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• Description
• Location Info
• Keywords Info
• Listing Info
• General Info
• Financing Info
• Details

Description

This opportunity represents one of the best income investments in the market. The property consists of two commercial units located just a block from the gondola and next to City Market Grocery (Kroger). The proximity to the only grocery store in the downtown core brings in high traffic every day of the year. The new W Hotel just opened across the street on the opposite side of the grocery. The tenants are The Grog Shop (liquor and wine store) and Jour de Fete (Café). Both are well established local businesses. The Durant Mall has undergone a major renovation and the seller has paid all of the special assessments for the project. Both tenants have leases in place until 2025 and the rents increase annually to provide a built in inflation hedge on the investment. This opportunity represents one of the best income investments in the market. The property consists of two commercial units located just a block from the gondola and next to City Market Grocery (Kroger). The proximity to the only grocery store in ... show more

Location Info

• Type Commercial
• Major Area Aspen
• Area 01-Central Core
• Street # 710
• Street Direction Pfx E
• Street Name Durant
• Street Suffix Avenue
• Address 2/Unit # W-1, W-2 & W-3
• City/Town Aspen
• State/Province CO
• Postal Code 81611

Keywords Info

• Total Building SqFt 1.001 - 5,000
• Association Dues Yes
• Association Fee 0
• Association Fee Frequency Annually
• Payment Per Year

Listing Info

• TB% 3
• BB% 3
• Variable Comm False
• Flat Fee No
• Short Sale No
• REO No
• Auction No
• Agency Excl Right to Sell
• Foreclosure No
• Member Association Aspen Association
• Deeds Special Warranty

General Info

• SubLoc Durant Mall Condo
• County Pitkin
• Country United States
• Legal Subdivision: DURANT MALL - AMENDED Units: W-1, W-2 & W-3
• Zoning Neighborhood Comml
• Lot SqFt 0
• Nbr of Acres 0
• Total SqFt 4854
• Unit SqFt 4854
• Business Name Jour de Fete & Grog Shop
• Inventory No
• Account # R008339
• Parcel # 273718242040
• Year Built 1975
• Directions On Durant between Spring Street and Original. Next to City Market.

Financing Info

• Metro Tax District No
• Taxes 79120.12
• Tax Year 2019
• Transfer Tax Yes
• Earnest $/% 5%
• Earnest $ Payable To Title Company

Details