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    720 Grand Avenue

    Glenwood Springs, CO 81601
    • $1,495,000
    • STATUS: Active
    • ON SITE: 195 days
    • MLS #: 163479
    UPDATED: 119 min ago
    $1,495,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,658
      SQFT
    • $225
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1903
    County:

    School Ratings & Info

    Description

    Your chance to own a piece of history in downtown Glenwood Springs. 2019 showed a nice solid 5.4 CAP and now with FULL OCCUPANCY, 2020 is on track to have just under an 8 CAP. The King Mall offers the ideal commercial location for pedestrian and drive-by traffic with some of the best visibility and access in downtown Glenwood Springs. Current leases in place include a restaurant, jewelry store, glass shop & spa. Incredible opportunity for a long term investment hold in the heart of one of the Western Slope's fastest growing communities.

    Monthly Payment Calculator

    © 2020 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: 2020-09-21T23:38:40.803.
    www.mckinleysalesaspen.com/homes/104032600
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    720 Grand Avenue Glenwood Springs, CO 81601

    • Price: $1,495,000
    • Status: Active
    • Updated: 119 min ago
    • MLS #: 163479
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    6,658
    SQFT
    $225
    $/SQFT
    1903
    Built
    Neighborhood:
    None
    County:
    Garfield
    Area:
    09-Glenwood Proper
    Property Description
    Your chance to own a piece of history in downtown Glenwood Springs. 2019 showed a nice solid 5.4 CAP and now with FULL OCCUPANCY, 2020 is on track to have just under an 8 CAP. The King Mall offers the ideal commercial location for pedestrian and drive-by traffic with some of the best visibility and access in downtown Glenwood Springs. Current leases in place include a restaurant, jewelry store, glass shop & spa. Incredible opportunity for a long term investment hold in the heart of one of the Western Slope's fastest growing communities.
    Exterior Features

    Access Paved Construction BrickFramePoured ConcreteStone Location Amenities High Visibility Roof Membrane Substructure Unfinished Basement

    Interior Features

    Building Sq Ft 5001 - 10001 Heating And Cooling GasHot Water Unit Sq Ft Range Multiple Units

    Property Features

    Allowable Uses IncomeMixed UseOfficeRestaurant/BarRetail Auction No Condition Good Condominiumized No Current Use RestaurantRetail Store Electric Yes Major Area Glenwood Mineral Rights No Net Operating Income 75124.00 Occupant Tenant Occupied REO No Sanitation Sewer Short Sale No Tax Year 2019 Taxes 21231.00 Total Expenses Per Year 36876.00 Transfer Tax No Type Commercial Water City Water Rights No Zoning M2

    Listing provided courtesy of Roaring Fork Sotheby's International Realty-Glenwood Springs. Listing information © 2020 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
    © 2020 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: 2020-09-21T23:38:40.803.
     
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    McKinley Real Estate Sales, Inc.
    23264 Two Rivers Road C-2
    Basalt CO, 81621