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

    Aspen, CO 81611
    • $8,950,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 161018
    UPDATED: 27 min ago
    $8,950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,854
      SQFT
    • $1,844
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:

    School Ratings & Info

    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. W Hotel Aspen The tenants are The Grog Shop (liquor and wine store) and Jour de Fete (Cafe). 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.

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    © 2019 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McKinley Real Estate Sales, Inc..

    Data last updated: 2019-09-19T15:38:34.42.
    www.mckinleysalesaspen.com/homes/98224034

    710 E Durant Avenue , W-1, W-2 & W-3 Aspen, CO 81611

    • Price: $8,950,000
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 161018
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,854
    SQFT
    $1,844
    $/SQFT
    1975
    Built
    Neighborhood:
    Durant Mall Condo
    County:
    Pitkin
    Area:
    01-Central Core
    Property 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. W Hotel Aspen The tenants are The Grog Shop (liquor and wine store) and Jour de Fete (Cafe). 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.
    Interior Features

    Building Sq Ft 1.001 - 5000 Unit Sq Ft 4854.00 Unit Sq Ft Range Multiple Units

    Property Features

    Auction No Business Name Jour De Fete & Grog Shop Foreclosure No Inventory No Major Area Aspen Number Of Units 1 - 5 Units REO No Short Sale No Tax Year 2018 Taxes 64239.76 Tenant Pays1 Base Rent + Nnn Transfer Tax Yes Type Commercial Under Construction No Zoning Neighborhood Comml

    Listing provided courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall. Listing information © 2019 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
    © 2019 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McKinley Real Estate Sales, Inc..

    Data last updated: 2019-09-19T15:38:34.42.
     
    McKinley Real Estate Sales, Inc.
    23264 Two Rivers Road C-2
    Basalt CO, 81621