710 E Durant Avenue , W-4, Aspen, CO
Others for Sale - $1,205,550 - 893 Sq. Ft.
Property Info
CIMLS# | 1123915 |
Location 710 E Durant Avenue , W-4 Aspen CO 81611 | |
Updated | October 17th, 2022 |
Type | Others |
Price | $1,205,550 |
Building | 893 Sq. Ft. |
Property Description
WELL LOCATED OFFICE OR SERVICE COMMERCIAL SPACE on 2nd floor with elevator access with views of views of Red Mtn. and Smuggler Mtn. just one block east of the Aspen Gondola. Income producing with four (4) years remaining on a 10-year lease. Lease currently at below market rent but with a 3% annual increase. EXCELLENT OPTION FOR INVESTOR LOOKING FOR A 1031 EXCHANGE. This space has an open space plan currently being used as a spa. Newly renovated common area and restrooms completed in 2017. The net annual rental income is $38,696 ($38.54/RSF). Garage parking spaces also available to buy or lease.