$8,950,000

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

Aspen CO, 81611

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.

Details

MLS#161018
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1975
Days On Site157

Features

SQ Feet4,854
Story(s)0
ZoningNeighborhood Comml

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Area Information

StateCO
CountyPitkin
CityAspen
Zip Code81611
AreaAspen
Listing VS Median (in 81611)
Price:
$8,950,000
low | high
Med:
$75,000
100% of Average
SqFt:
4,854
low | high
Med:
3,288
82.262051915946% of Average
$ / SqFt:
$1,844
low | high
Med:
$23
100% of Average
On Site:
157
low | high
Med:
148
100% of Average
Listing Updated: 01/25/2020
MLS Number: 161018
Listing Provided By:
Lex Tarumianz  of  Aspen Snowmass Sothebys International Realty-Hyman Mall

MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Aspen Board of Realtors MLS.