$1,640,000
Glenwood Springs, CO 81601
MLS# 163546
Status: Closed
14800 sqft
1 / 19
Property Description
Cash Flow Investment! 8+ CAP Rate. Rare, High Demand warehouse/office property. This property is full leased with long term tenants. 4 roll up doors. 1 Semi Truck loading dock. Premier office build out in ¼ of the building complete with conference room, reception area and multiple office layouts. Situated on 7 acres right off of Highway 82 just south of Glenwood Springs. This investment property will always be in high demand!! With its location in the Glenwood Springs Opportunity Zone and flexible zoning, expansion is an option here. This will not last long.
Details
Maps
Documents
Location Info
Current Price: $1,617,750
Type: Commercial
Major Area: Glenwood Springs
Area: 09-South of Glenwood
Asking Price: 1640000
Original List Price: 1650000
Street #: 3766
Street Name: Hwy 82
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Keywords Info
Total Building SqFt: 10,001 - 20,000
Association Dues: No
Payment Per: Unknown
Listing Info
Listing Date: 2020-03-16
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Aspen Association
General Info
Sub/Loc: None
County: Garfield
Legal: Section: 26 Township: 6 Range: 89 TR OF LAND IN SWNW
Zoning: CL
Lot SqFt: 305791
Nbr of Acres: 7
Total SqFt: 14800
Parcel #: 218526200001
Year Built: 1971
Directions: Take Highway 82 to the Red Canyon Road exit. DO NOT FOLLOW RED CANYON RD. Take the access road to the left, follow it straight ahead. Property is at the top of the hill.
Financing Info
Metro Tax District: No
Taxes: 21693
Tax Year: 2019
Transfer Tax: No
Status Change Info
Status: Closed
Under Contract Date: 2020-07-23
Proposed Close Date: 2020-09-21
Sold Date: 2020-09-17
Sold Price: $1,617,750
Sold Price Per/SF: 109.31
How Sold: Conventional Fixed
Remarks
Public Remarks: Cash Flow Investment! 8+ CAP Rate.
Rare, High Demand warehouse/office property. This property is full leased with long term tenants.
4 roll up doors. 1 Semi Truck loading dock. Premier office build out in ¼ of the building complete with conference room, reception area and multiple office layouts. Situated on 7 acres right off of Highway 82 just south of Glenwood Springs. This investment property will always be in high demand!! With its location in the Glenwood Springs Opportunity Zone and flexible zoning, expansion is an option here.
This will not last long.
Property Features
Allowable Uses: Industrial - Heavy; Industrial - Light; Mixed Use; Office; Retail; Warehouse
Current Use: Light Industrial; Office Building
Construction: Steel/Metal
Condominiumized: No
Substructure: Slab
Roof: Metal
Heating/Cooling: Central AC; Electric; Gas
Electric: Yes
Gas: Natural Gas
Water: Cistern; Well - Domestic
Sanitation: Septic
Tenant Pays: Annual Escalation; Deposit; Electric; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash
Parking: 21 + Spaces
Access: Paved
Location Amenities: Highway Access; View
Occupant: Tenant Occupied; 3 - 5 Years; Option to Renew; Escalations; Multiple Leases
Documents on File: Leases; Survey/ILC
Water Rights: No
Mineral Rights: No
Terms Offered: Cash
Sign: Yes
Possession: Subject to Lease
Survey 
First Floor Office Space and Warehouse 
Listing Office: Slifer Smith & Frampton RFV
Last Updated: September - 18 - 2020
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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Broker Attribution:
(970) 925-8088