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450 S Camino Del Rio #203 , #203

Durango, CO 81301
  • $325,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 800481
UPDATED: 223 min ago
$325,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 1
    1/2 BATHS
  • 921
    SQFT
  • $353
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing courtesy of Keller Williams Realty Southwest Associates, Llc: 970-247-3840.


Description

Good long term investment goes up every year and secured with a 921 sq ft business condominium professional medical office on 2nd level with long term lease to Orthodontists of SW Colorado. Currently for leased for $1,414 per month Triple Net until December 31, 2023 with a 3 year option to renew. Office has been used as a Dentist office for over 15 years with 1/2 bath and very nice finish. The 2023 $16,900 per year "Triple Net" income increases 3% annually on January 1st of each year. Elevator access, Common area deck, common restrooms, plenty of non designated parking spaces, and high speed internet access. Priced below the cost of construction this opportunity is the first time on the market since built and will be a safe long term investment for any investor in a quality Class "A" Building with on site management and is shared with many medical and professional businesses.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2023. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Blackmore Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2023-01-31T23:56:25.167.
www.homesforsaledurango.com/homes/136096565
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450 S Camino Del Rio #203 , #203 Durango, CO 81301

  • Price: $325,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 223 min ago
  • MLS #: 800481
0
Beds
0
Baths
1
½ Baths
N/A
Acres
921
SQFT
$353
$/SQFT
Neighborhood:
Durango In Town
County:
La Plata
Area:
Durango In Town
Property Description
Good long term investment goes up every year and secured with a 921 sq ft business condominium professional medical office on 2nd level with long term lease to Orthodontists of SW Colorado. Currently for leased for $1,414 per month Triple Net until December 31, 2023 with a 3 year option to renew. Office has been used as a Dentist office for over 15 years with 1/2 bath and very nice finish. The 2023 $16,900 per year "Triple Net" income increases 3% annually on January 1st of each year. Elevator access, Common area deck, common restrooms, plenty of non designated parking spaces, and high speed internet access. Priced below the cost of construction this opportunity is the first time on the market since built and will be a safe long term investment for any investor in a quality Class "A" Building with on site management and is shared with many medical and professional businesses.
Exterior Features

Lot Dimension Na Parking Paved Stories 1 Street Description City/TownPaved Water Well No Waterfront YN No

Interior Features

Cooling Yes Finished Sq Ft 921 Heating Fuel Source Natural Gas Loading Dock No Office Sq Ft 921 One Quarter Baths 0

Property Features

Books Available No Cam Yes Covenants Yes Current Use General Office Fixtures Included No Inventory Included No Lease Included Yes Monthly Cam Charges $375.00 Monthly Insurance Charges included New Construction YN No Oa Fees Tbd Oa Fees Frequency Monthly Oa Name Telluride Ironworks Owner's Association Owners Association Yes Possible Property Use Professional/Medical Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2022 Total Gas Meters 1 Total Taxes 3188.24 Type Office Variable Rate Yes Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2023. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Blackmore Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2023-01-31T23:56:25.167.
 
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The Blackmore Group
842 Main Ave
Durango CO, 81301
Listing courtesy of Keller Williams Realty Southwest Associates, Llc: 970-247-3840.