Property Listing No Longer Available for Sale

818 Grand Avenue, Glenwood Springs, CO

Retail for Sale - $1,500,000


Property Info

CIMLS#1079106
Location
  818 Grand Avenue
  Glenwood Springs CO 81601
UpdatedJanuary 23rd, 2021
TypeRetail
Price$1,500,000

Property Description

Great Investment Opportunity!! located in the Historical District of Glenwood Springs. Owner is currently remodeling building into a high-end Class A Medical office. The owner will lease back the building for 10 years with a personal guarantee at a 7% caprate. Base rent starts at $32/sf with built in escalators. The owner will start paying rent as soon as the building has been finished and ready for occupancy but no later than summer 2021. The owner is an established dental/oral surgeon with 20 + years in practice. He is expanding to GW because of the unfulfilled demand for his services. Currently, there are no other investments like this one Note: The interior photos are examples of what the finished product will look like when completed.


Financials