23 Mel Rey Road

Glenwood Springs, CO 81601 / None

MLS ID# 172404 Active
Commercial

$2,500,000



Description

Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portio... show more

Location Info

  • Type Commercial
  • Major Area Glenwood
  • Area 09-West of Glenwood
  • Street # 23
  • Street Name Mel Rey
  • Street Suffix Road
  • City/Town Glenwood Springs
  • State/Province CO
  • Postal Code 81601

Keywords Info

  • Total Building SqFt 1.001 - 5,000
  • Unit SqFt Range 2,001 - 3,000
  • HOA Dues Y/N No
  • Total HOA Fee Per Year 0

Listing Info

  • Short Sale No
  • REO No
  • Auction No
  • Foreclosure No
  • Member Association Glenwood Association
  • Deeds Special Warranty

General Info

  • SubLoc None
  • County Garfield
  • Legal Section: 6 Township: 6 Range: 89 Subdivision: MEL-RAY SUB. Block: 4 Lot: 6, Subdivision: MEL-RAY SUB. Lot: 7 S 50' OF E
  • Zoning M1- Mixed Use
  • Lot SqFt 20256
  • Nbr of Acres 0.47
  • Total SqFt 2120
  • Year Built 1965
  • Directions Off of I-70 West, go to the roundabout and take the second right. Property will be on the left.

Financing Info

  • Metro Tax District No
  • Taxes 9707.48
  • Tax Year 2020
  • Transfer Tax No

Details

  • Allowable Uses

    Hospitality , Hotel/Lodge , Income , Industrial - Heavy , Industrial - Light , Mixed Use , Multi-Family Res , Office , Restaurant/Bar , Retail , Single Family Res , Warehouse , Other
  • Construction

    Brick , Concrete Block , Poured Concrete , Steel/Metal
  • Condominiumized

    No
  • Substructure

    Slab
  • Roof

    Membrane
  • Condition

    Good
  • Heating/Cooling

    Central AC , Gas
  • Electric

    Yes
  • Gas

    Natural Gas
  • Water

    City
  • Sanitation

    Sewer
  • Tenant Pays

    Annual Escalation , Building Insurance , Electric , Gas , Interior Maintenance , Property Taxes , Sewer , Trash , Water
  • Owner Pays

    Building Insurance , Exterior Maintenance
  • Parking

    11 - 20 Spaces
  • Access

    Paved
  • Location Amenities

    Corner Lot , High Traffic Loc , High Visibility , Highway Access , Intersection
  • Current Use

    Gas/Automotive , Retail Store
  • Occupant

    Tenant Occupied , 5+ Years , Option to Renew
  • Disclosures

    1031 Exchange
  • Documents on File

    Survey/ILC
  • Water Rights

    No
  • Mineral Rights

    No
  • Terms Offered

    Cash
  • Sign

    Yes
  • Possession

    DOD , Subject to Lease


This listing was last updated on 2021-10-14T20:07:28Z