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    818 Grand Avenue

    Glenwood Springs, CO 81601
    • $1,500,000
    • STATUS: Active
    • ON SITE: 109 days
    • MLS #: 165950
    UPDATED: 48 min ago
    $1,500,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,405
      SQFT
    • $441
      $/SQFT
    Type:
    Commercial
    Built:
    1925
    County:

    School Ratings & Info

    Description

    THIS LISTING HAS BEEN UPDATED - Investment Opportunity! Property is located in the Historical District of Glenwood Springs. Owner is currently remodeling building into a high-end Class A Medical office. The owner will lease back the building for 10 years with a personal guarantee at a 7% cap rate. Base rent starts at $32/sf with built in escalators. The owner will start paying rent as soon as the building has been finished and ready for occupancy but no later than summer 2021. The owner is an established dental/oral surgeon with 20 +years in practice. He is expanding to GW because of the unfulfilled demand for his services. Currently, there are no other investments like this one Note: The interior photos are examples of what the finished product will look like when completed.

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    © 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: 2020-11-27T23:38:39.677.
    www.mckinleysalesaspen.com/homes/108744290
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    818 Grand Avenue Glenwood Springs, CO 81601

    • Price: $1,500,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 165950
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    3,405
    SQFT
    $441
    $/SQFT
    1925
    Built
    Neighborhood:
    Townsite Of Glenwood Springs
    County:
    Garfield
    Area:
    09-Glenwood Proper
    Property Description
    THIS LISTING HAS BEEN UPDATED - Investment Opportunity! Property is located in the Historical District of Glenwood Springs. Owner is currently remodeling building into a high-end Class A Medical office. The owner will lease back the building for 10 years with a personal guarantee at a 7% cap rate. Base rent starts at $32/sf with built in escalators. The owner will start paying rent as soon as the building has been finished and ready for occupancy but no later than summer 2021. The owner is an established dental/oral surgeon with 20 +years in practice. He is expanding to GW because of the unfulfilled demand for his services. Currently, there are no other investments like this one Note: The interior photos are examples of what the finished product will look like when completed.
    Exterior Features

    Access Paved Construction Brick Extras Handicap AccessKitchen AreaLiving QuartersManagementRestroomsSmoke Detectors Location Amenities High Visibility Parking Area 1 - 5 SpacesPaved Roof Other Substructure Other

    Interior Features

    Building Sq Ft 1.001 - 5000 Green Features Double Pane Windows Heating And Cooling Central AcForced Air Unit Sq Ft 3405.00 Unit Sq Ft Range 3001 - 5000

    Property Features

    Allowable Uses Office Amenities On-Site Management Auction No Condition Excellent Condominiumized No Current Use Office Building Disclosures Other Documents On File Leases Electric Yes Expenses Include InsuranceUnit ElectricUnit HeatWater Foreclosure No Gas Natural Gas Inventory No Major Area Glenwood Mineral Rights No Number Of Units 1 - 5 Units Occupant Tenant Occupied Owner Pays Nothing Possession NegotiableSubject To Lease REO No Sanitation Sewer Short Sale No Tax Year 2019 Taxes 10456.00 Tenant Pays Building InsuranceElectricExterior MaintenanceGasInterior MaintenanceOp Costs Used AloneSewerSite MaintenanceTrashWater Terms Offered CashOther Transfer Tax No Type Commercial Under Construction Yes Water City Water Rights No Year Remodeled 2020.00 Zoning M2

    Listing provided courtesy of Cb Commercial Prime Properties. 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: 2020-11-27T23:38:39.677.
     
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