$1,333,200
Aspen, CO 81611
MLS# 175033
Status: Closed
808 sqft
1 / 7
Property Description
WELL LOCATED OFFICE OR SERVICE COMMERCIAL SPACE on 2nd floor with elevator access with GREAT views south toward Aspen Mtn. Located just one block east of the Aspen Gondola. Currently leased through August 2023 with net annual income of $44,568 ($47.67 per SF NNN). EXCELLENT OPTION FOR INVESTOR LOOKING FOR A 1031 EXCHANGE or USER WILLING TO WAIT 1-YEAR TO OCCUPY. This space has an open space plan currently being used as an office with a smaller lock-off office or storage space with separate entrance - could be leased separately. Newly renovated common area and restrooms completed in 2017. Garage parking spaces also available to buy or lease.
Details
Maps
Documents
Location Info
Current Price: $1,300,000
Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 1333200
Original List Price: 1333200
Street #: 710
Street Direction Pfx: E
Street Name: Durant
Street Suffix: Avenue
Address 2/Unit #: W-8
City/Town: Aspen
State/Province: CO
Postal Code: 81611
Keywords Info
Total Building SqFt: 10,001 - 20,000
Association Dues: Yes
Association Fee: 915.67
Association Fee Frequency: Monthly
Payment Per: Month
Listing Info
Listing Date: 2022-05-05
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-8
Zoning: Mixed Use
Levels: 3
Total SqFt: 808
Unit SqFt: 808
Inventory: No
Parcel #: 273718242018
Year Built: 1987
Year Remodeled: 2017
Directions: This commercial space is located on the 2nd floor of the West Building at 710 Durant Avenue next to City Market between Spring and Original Streets.
Financing Info
Metro Tax District: No
Taxes: 6670.08
Tax Year: 2022
Transfer Tax: Yes
N.O.I.: 44565
Total Expense P/Year: 17664
Status Change Info
Status: Closed
Under Contract Date: 2022-05-26
Proposed Close Date: 2022-07-05
Sold Date: 2022-07-05
Sold Price: $1,300,000
Sold Price Per/SF: 1608.91
How Sold: Cash
Remarks
Public Remarks: WELL LOCATED OFFICE OR SERVICE COMMERCIAL SPACE on 2nd floor with elevator access with GREAT views south toward Aspen Mtn. Located just one block east of the Aspen Gondola. Currently leased through August 2023 with net annual income of $44,568 ($47.67 per SF NNN). EXCELLENT OPTION FOR INVESTOR LOOKING FOR A 1031 EXCHANGE or USER WILLING TO WAIT 1-YEAR TO OCCUPY. This space has an open space plan currently being used as an office with a smaller lock-off office or storage space with separate entrance - could be leased separately. Newly renovated common area and restrooms completed in 2017. Garage parking spaces also available to buy or lease.
Property Features
Allowable Uses: Business w/o RE; Business w/RE; Income; Office; Retail; Other
Current Use: Office Building
Construction: Frame; Poured Concrete; Steel/Metal
Condominiumized: Yes
Substructure: Other
Roof: Membrane
Condition: Good
Heating/Cooling: Baseboard; Central AC; Central Heating; Electric; Gas; Hot Water
Electric: Yes
Gas: Natural Gas
Sanitation: Sewer
Tenant Pays: Annual Escalation; Association Fees; Building Insurance; Electric; Gas; Interior Maintenance; Parking; Property Taxes; Sewer; Trash; Water
Owner Pays: Association Fees; Building Insurance; Electric; Gas; Interior Maintenance; Nothing; Property Taxes; Sewer; Site Maintenance; Structural Maint; Trash; Water
Parking: 6 - 10 Spaces; Assigned; Parking Garage
Access: Paved
Extras: ADA Compliant; Elevator; Fire Alarm; Fire Sprinkler Sys; High Speed Available; Management; Restrooms; Security System; Smoke Detectors
Expenses Include: Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash; Unit Heat; Water
Amenities: Bus/Shuttle Service; Pets Allowed/Owner; Pets Allowed/Renter
Location Amenities: Corner Lot; High Traffic Loc; High Visibility; Intersection; View
Occupant: Tenant Occupied; 1 - 2 Years
Documents on File: CC & R's; Financials; High Speed Available; Leases; Survey/ILC; Title Insurance
Water Rights: No
Mineral Rights: No
Terms Offered: Cash
Floor Plan of Space 
Listing Office: Coldwell Banker Mason Morse-Aspen
Last Updated: January - 03 - 2024
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) 925-7000