Adam Greenberg - Coldwell Banker Distinctive Properties
1301 Florida Road
Durango, CO 81301

$1,795,000

Description

Located on the corner of Florida Road and North College Drive, this is an exceptional opportunity to own a mixed-use commercial parcel in a high traffic location. Property consists of 5 separate leases, current tenants are: JBo's Pizza & Bar, ReLove Consign & Design, Happy Paws Pet Spa and a single family residential home. All of the commercial tenants are solid local businesses. The new 1304 Florida apartment complex is directly across the street consisting of 68 residential rooms. Future residential development is planned on the parcel immediately east of property and Mountain Sun apartments is catty corner. With an NOI of $121,000 and a CAP Rate of 6.8%, this is an incredible opportunity for an investor or a potential owner-occupant.

Details

MLS#743825
Sub-TypeResale
StatusPending - Show
Year1972
Days On Site120

Features

SQ Feet8,027
Story(s)1
Units5
ZoningMixed Use

Market Activity 81301

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Area Information

StateCO
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$1,795,000
low | high
Med:
$429,000
100% of Average
SqFt:
8,027
low | high
Med:
1,365
100% of Average
$ / SqFt:
$224
low | high
Med:
$314
9.455630720255% of Average
On Site:
120
low | high
Med:
19
100% of Average
Listing Updated: 08/13/2018
MLS Number: 743825
Listing Provided By:
Kim Penny  of  Legacy Properties West Sothebys Int. Realty



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