710 E Durant Avenue, #W-4

Aspen, CO 81611 / Durant Mall Condo

MLS ID# 175032 Closed
Commercial

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Closed $1,205,000

0 acres

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

Description

WELL LOCATED OFFICE OR SERVICE COMMERCIAL SPACE on 2nd floor with elevator access with views of views of Red Mtn. and Smuggler Mtn. just one block east of the Aspen Gondola. Income producing with four (4) years remaining on a 10-year lease. Lease currently at below market rent but with a 3% annual increase. EXCELLENT OPTION FOR INVESTOR LOOKING FOR A 1031 EXCHANGE. This space has an open space plan currently being used as a spa. Newly renovated common area and restrooms completed in 2017. The net annual rental income is $38,696 ($38.54/RSF). Garage parking spaces also available to buy or lease. WELL LOCATED OFFICE OR SERVICE COMMERCIAL SPACE on 2nd floor with elevator access with views of views of Red Mtn. and Smuggler Mtn. just one block east of the Aspen Gondola. Income producing with four (4) years remaining on a 10-year lease. Lease cu... 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-4
• City/Town Aspen
• State/Province CO
• Postal Code 81611

Keywords Info

• Total Building SqFt 10,001 - 20,000
• Association Dues Yes
• Association Fee 895.77
• Association Fee Frequency Monthly
• Payment Per Year

Listing Info

• TB% 2.5
• BB% 2.5
• 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
• Legal Subdivision: DURANT MALL - AMENDED Unit: W-8
• Zoning Mixed Use
• Lot SqFt 0
• Nbr of Acres 0
• Levels 1
• Total SqFt 893
• Unit SqFt 893
• Inventory No
• Account # R008346
• Parcel # 273718242010
• Year Built 1987
• Year Remodeled 2017
• Directions This commercial space is located on the 2nd floor of the West Building at 710 Durant Avenue next to City Market between Spring and Original Streets.

Financing Info

• Metro Tax District No
• Taxes 7370.88
• Tax Year 2022
• Transfer Tax Yes
• NOI 38696
• Total Expense PYear 18120
• Earnest $/% 5%
• Earnest $ Payable To Title Company
• Seller Will Trade No

Details

• Allowable Uses

  Business w/o RE, Business w/RE, Income, Mixed Use, Office, Retail, Other

• Current Use

  Medical, Office Building, Professional Service, Retail Store

• Construction

  Frame, Poured Concrete, Steel/Metal

• Condominiumized

  Yes

• Substructure

  Other

• Roof

  Membrane

• Condition

  Good

• Heating/Cooling

  Baseboard, Central AC, Central Heating, Evaporative Cooling, Gas

• Electric

  Yes

• Gas

  Natural Gas

• Water

  City

• Sanitation

  Sewer

• Tenant Pays

  Annual Escalation, Association Fees, Building Insurance, Electric, Gas, Interior Maintenance, Parking, Property Taxes, Sewer

• Owner Pays

  Association Fees, Building Insurance, Electric, Gas, Interior Maintenance, Parking, Property Taxes, Sewer

• Parking

  6 - 10 Spaces, Assigned, Parking Garage

• Access

  Paved

• Extras

  ADA Compliant, Elevator, Fire Alarm, Fire Sprinkler Sys, High Speed Available, Management, Security System, Smoke Detectors

• Expenses Include

  Grounds Maintenance, Insurance, Management, Sewer, Snow Removal, Trash, Unit Electric, Unit Heat, Water

• Amenities

  Bus/Shuttle Service, On-Site Management, Pets Allowed/Owner, Pets Allowed/Renter

• Location Amenities

  Corner Lot, High Traffic Loc, High Visibility, Intersection, View

• Occupant

  Tenant Occupied, 3 - 5 Years

• Documents on File

  CC & R's, Financials, High Speed Available, Leases, Survey/ILC

• Water Rights

  No

• Mineral Rights

  No

• Terms Offered

  Cash

• Sign

  No

• Possession

  Subject to Lease