$1,440,450
Aspen, CO 81611
MLS# 182834
873 sqft
1 / 3
Property Description
RARE OPPORTUNITY to purchase a well-located office space just one (1) block east of the gondola base area of Aspen Mtn. Views north toward Red Mountain and Smuggler Mtn. Elevator access and below grade parking garage. Building was completely renovated in 2017. Currently leased through November 2027 at below market rent. Current annual income is $40,467 w/ 3% annual rent escalation with tenant paying all HOA, real estate taxes and other expenses. GREAT OPPORTUNITY FOR INVESTOR SEEKING A 1031 EXCHANGE
Details
Maps
Documents
Location Info
Current Price: $1,440,450
Inside City Limits: Yes
Condominiumized: Yes
Zoning City: Mixed Use
Zoning County: Mixed Use
Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 1440450
Original List Price: 1440450
Street #: 710
Street Direction Pfx: E
Street Name: Durant
Street Suffix: Avenue
Address 2/Unit #: W-5
City/Town: Aspen
State/Province: CO
Postal Code: 81611
Keywords Info
Total Building SqFt: 20.001+
Association Dues: Yes
Association Fee: 1492
Association Fee Frequency: Monthly
Fee's $: 1492
Listing Info
Occupant: Tennant
SqFt Level: Upper Level
Listing Date: 2024-02-10
Seller is licensed Realtor: No
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Aspen Association
General Info
Sub/Loc: Durant Mall Condo
County: Pitkin
Legal: Subdivision: DURANT MALL - AMENDED Unit W-5
Zoning: Mixed Use
Total SqFt: 873
Unit SqFt: 873
Inventory: No
Parcel #: 273718242008
Year Built: 1987
Year Remodeled: 2017
Directions: This commercial office space is located on the 2nd floor of the West Building at 710 E Durant Avenue next to City Market between Spring and Original Streets.
Financing Info
Metro Tax District: No
Taxes: 8406
Tax Year: 2024
Transfer Tax: Yes
N.O.I.: 40467
Total HOA Fee Per Year: 17904
Status Change Info
Status: Active
Remarks
Public Remarks: RARE OPPORTUNITY to purchase a well-located office space just one (1) block east of the gondola base area of Aspen Mtn. Views north toward Red Mountain and Smuggler Mtn. Elevator access and below grade parking garage. Building was completely renovated in 2017. Currently leased through November 2027 at below market rent. Current annual income is $40,467 w/ 3% annual rent escalation with tenant paying all HOA, real estate taxes and other expenses. GREAT OPPORTUNITY FOR INVESTOR SEEKING A 1031 EXCHANGE
Current Use
Other: Office
Property Features
Allowable Uses: Income; Office; Retail
Current Use: Income
Condition: Good
Heating/Cooling: Baseboard; Central Heating; Evaporative Cooling
Electric: Yes
Sanitation: Sewer
Parking: Parking Garage
Access: Paved
Extras: Elevator; Fire Alarm; Fire Sprinkler Sys; High Speed Available; Restrooms; Security System
Location Amenities: High Visibility; View
Occupant: Tenant Occupied
Documents on File: CC & R's; Leases; Rent Roll
Water Rights: No
Mineral Rights: No
Terms Offered: Cash
Sign: No
Possession: Subject to Lease
Floor Plan for W-5 
Listing Office: Zenith Realty Advisors LLC
Last Updated: March - 11 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.
Broker Attribution:
(970) 925-3866