$1,500,000

818 Grand Avenue

Glenwood Springs CO, 81601

Description

Great Investment Opportunity!! 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% caprate. 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.

Details

MLS#20205344
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site34

Features

SQ Feet3,405
ZoningM2
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Area Information
StateCO
CityGlenwood Springs
Zip Code81601
AreaOther Area
Listing VS Median (in 81601)
Price:
$1,500,000
low | high
Med:
$755,000
99.666666666667% of Average
SqFt:
3,405
low | high
Med:
2,555
74.96328928047% of Average
$ / SqFt:
$441
low | high
Med:
$300
81.961348466344% of Average
On Site:
34
low | high
Med:
107
31.775700934579% of Average
Listing Updated: November 26, 2020 8:01:49 PM PST
Listing Provided By: BECCA POSNER of COLDWELL BANKER COMMERCIAL PRIME PROPERTIES

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 Grand Junction Area REALTOR Association MLS.