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725 E College Drive , C1

Durango, CO 81301
  • $255,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 798350
UPDATED: 197 min ago
$255,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 1
    1/2 BATHS
  • 560
    SQFT
  • $455
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2005
County:

School Ratings & Info

Listing courtesy of Re/Max Pinnacle: 970-259-2255.


Description

Downtown convenience! This commercial retail store is located on the main level of the College Drive Loft building offering excellent exposure.There are 10 residential units in the complex with 2 commercial units one office (C-2) on the upper level, and one light retail (C-1) on the main level.Unit C-2 commercial office condo is offered for sale at $245,000. Please see the MLS #798349. RETAIL STORE: This retail store has double glass doors, big windows, and one enormous showroom for many possibilities. The seller installed beautiful wood floors and a track lighting system. There is a half bathroom located in the back of the showroom. The property also has central air conditioning. LEASES:The current lease expires on April 30, 2023; however, the tenant would love to stay for a couple more years. The current rent is at $2475/month including utilities for two commercial units C1 (light retail) and C-2 (office condo). Please know that the Aspen Design business, the current tenant, is not for sale!PARKING: The unit does not have an assigned parking space, but there are 10 parking spaces in the common area offered during the business hours on a first come basis. Located along the city transit route, just eight blocks from downtown, two blocks from trail access leading into 1000+ acres of hiking and biking with open space; across from Durango Natural Foods and Durango Joe's Coffee Shop, and close to Fort Lewis College, this property allows for so many opportunities! The HOA dues are at $215 per month including water, sewer and trash for the unit. The HOA dues also cover exterior insurance, snow removal, and landscaping for the common area. Buyer to pay a one-time fee of $250 for the working capital fund at the closing. Great investment property for 1031 exchange, builders showroom/office, architectural office/showroom, etc. COME SEE HOW THIS OPPORTUNITY CAN WORK FOR YOU!

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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 2022. 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: 2022-11-27T23:56:37.89.
www.homesforsaledurango.com/homes/133248936
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725 E College Drive , C1 Durango, CO 81301

  • Price: $255,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 197 min ago
  • MLS #: 798350
0
Beds
0
Baths
1
½ Baths
N/A
Acres
560
SQFT
$455
$/SQFT
2005
Built
Neighborhood:
Durango In Town
County:
La Plata
Area:
Durango In Town
Property Description
Downtown convenience! This commercial retail store is located on the main level of the College Drive Loft building offering excellent exposure.There are 10 residential units in the complex with 2 commercial units one office (C-2) on the upper level, and one light retail (C-1) on the main level.Unit C-2 commercial office condo is offered for sale at $245,000. Please see the MLS #798349. RETAIL STORE: This retail store has double glass doors, big windows, and one enormous showroom for many possibilities. The seller installed beautiful wood floors and a track lighting system. There is a half bathroom located in the back of the showroom. The property also has central air conditioning. LEASES:The current lease expires on April 30, 2023; however, the tenant would love to stay for a couple more years. The current rent is at $2475/month including utilities for two commercial units C1 (light retail) and C-2 (office condo). Please know that the Aspen Design business, the current tenant, is not for sale!PARKING: The unit does not have an assigned parking space, but there are 10 parking spaces in the common area offered during the business hours on a first come basis. Located along the city transit route, just eight blocks from downtown, two blocks from trail access leading into 1000+ acres of hiking and biking with open space; across from Durango Natural Foods and Durango Joe's Coffee Shop, and close to Fort Lewis College, this property allows for so many opportunities! The HOA dues are at $215 per month including water, sewer and trash for the unit. The HOA dues also cover exterior insurance, snow removal, and landscaping for the common area. Buyer to pay a one-time fee of $250 for the working capital fund at the closing. Great investment property for 1031 exchange, builders showroom/office, architectural office/showroom, etc. COME SEE HOW THIS OPPORTUNITY CAN WORK FOR YOU!
Exterior Features

Carport No Lot Dimension 0 Roof Composition Sewer Public Sewer Installed Stories 1 Street Description City/TownPaved Water Public Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 560 Flooring CarpetWood Foundation Slab Heating Fuel Source Natural Gas Heating System Forced Air Main Sq Ft 560 One Quarter Baths 0

Property Features

Books Available No Cam No Covenants Yes Current Business Business Not For Sale Current Use General Office Desc Of Business Business Not For Sale Disclosures CovenantsNo Property Disclosure Documents On File CovenantsLegal DescriptionPlot Plan/Plat/Survey Exchange Trade No Existing Utilities ElectricInternetNatural Gas Fixtures Included No Inventory Included No Landlord Pays ElectricGasOa DuesReal Estate TaxesSewer/WaterTrash Lease Included Yes New Construction YN No Oa Fees 215 Oa Fees Frequency Monthly Oa Name College Drive Lofts Condo Owners Association Yes Possible Property Use General Office Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Tenant Pays None Total Electric Meters 1 Total Gas Meters 1 Total Taxes 2758 Type Retail Variable Rate No Water Rights No Year Started 2010 Zoning Type CommercialOffice

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 2022. 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: 2022-11-27T23:56:37.89.
 
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The Blackmore Group
842 Main Ave
Durango CO, 81301
Listing courtesy of Re/Max Pinnacle: 970-259-2255.