780 Main Ave Avenue

    Durango, CO 81301
    • $3,230,000
    • STATUS: Active Under Contract
    • ON SITE: 9 days
    • MLS #: 747840
    Under Contract
    UPDATED: 179 min ago
    $3,230,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 5
      1/2 BATHS
    • 20,165
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1928
    County:

    School Ratings & Info

    Listing courtesy of Keller Williams Realty Southwest Associates, Llc.

    Description

    Investors take notice. Location, location, location. This prime, historic JC Penney building, is located at 8th and Main Avenue, in the heart of downtown Durango and in the high foot traffic section of downtown. The building is fully occupied and has a diverse tenant mix with 2 very popular and established retail stores anchoring the main level. 20,165 sq ft is divided into the two retail spots and 15 office spaces (with exception of 2 units reserved for the current owner) that are fully leased with excellent rental history. This opportunity provides an attractive Cap rate and possible QBI tax benefit for the new investor.

    Monthly Payment Calculator

    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 2018. 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 eXp Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-07-21T23:56:46.7.
    www.durangohomesales.com/homes/85547037

    780 Main Ave Avenue Durango, CO 81301

    • Price: $3,230,000
    • Status: Active Under Contract
    • Updated: 179 min ago
    • MLS #: 747840
    0
    Beds
    0
    Baths
    5
    ½ Baths
    N/A
    Acres
    20,165
    SQFT
    $160
    $/SQFT
    1928
    Built
    Neighborhood:
    City Of Durango
    County:
    La Plata
    Area:
    Durango In Town
    Property Description
    Investors take notice. Location, location, location. This prime, historic JC Penney building, is located at 8th and Main Avenue, in the heart of downtown Durango and in the high foot traffic section of downtown. The building is fully occupied and has a diverse tenant mix with 2 very popular and established retail stores anchoring the main level. 20,165 sq ft is divided into the two retail spots and 15 office spaces (with exception of 2 units reserved for the current owner) that are fully leased with excellent rental history. This opportunity provides an attractive Cap rate and possible QBI tax benefit for the new investor.
    Exterior Features

    Acreage Range Less Than 1/2 Carport No Lot Dimension 7500 Sf Parking On StreetIn Rear Of Building Property Description Corner Roof Membrane Sewer Public Sewer Installed Stories 2 Street Description City/TownPaved Water Public Water Well No Waterfront YN No

    Interior Features

    Cooling Type Central A/C Finished Sq Ft 20165 Flooring Wood Heating Fuel Source Natural Gas Heating System Boiler One Quarter Baths 0 Total Offices 0

    Property Features

    Available Utilities Sanitary SewerWaterNatural GasElectricCablePhoneInternet Books Available No Cam No Covenants No Current Use General OfficeProfessional/MedicalRetail StorefrontMixed Use Exchange Trade No Existing Utilities Sanitary SewerNatural GasElectricPhoneInternet Fixtures Included No Inventory Included No Landlord Pays JanitorialOther Lease Included Yes New Construction YN No Owners Association No Possible Property Use General OfficeMixed-UseOtherProfessional/MedicalRestaurantRetail StorefrontShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2017 Tenant Pays ElectricGasSnow RemovalBuilding InsuranceReal Estate Taxes Total Taxes 28629.96 Type Multi-Use Variable Rate No Water Rights No Zoning Type Commercial

    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 2018. 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 eXp Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2018-07-21T23:56:46.7.
     
    eXp Realty
    1725 N Taylor Circle
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    Listing courtesy of Keller Williams Realty Southwest Associates, Llc.