403 Main Street Street, Carbondale, CO 81623 (MLS# 163456)

403 Main Street Street, Carbondale, CO 81623

$4,100,000

Property Type: Commercial Sale Square Footage: 27,000 Lot Size (sq. ft.): 19,500 Status: Closed

Current Price: $4,100,000 List Date: 3/09/2020 Last Modified: 10/18/2024

Overview

Description

IDEAL BUILDING TO TAKE THE 2ND FLOOR AND TURN IT INTO CONDOS OR APARTMENTS. HISTORIC LANDMARK PROPERTY 100% LEASED, PROPERTY MANAGER ON SITE MAJORITY OF THE LEASES ARE UNDER MARKET, CAP RANGE COULD CHANGE SEVERAL % POINTS UPWARDS IN JUST A FEW FEW YEARS. SOLID INVESTMENT WITH GREAT TENANTS IN PLACE

Listing Details MLS# 163456

Location Info

Type: Commercial
Major Area: Carbondale
Area: 07-Carbondale Proper
Asking Price: 4995000
Original List Price: 5750000
Street #: 403
Street Name: Main Street
Street Suffix: Street
City/Town: Carbondale
State/Province: CO
Postal Code: 81623

Keywords Info

Total Building SqFt: 20.001+
Association Dues: No

Listing Info

Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Glenwood Association

General Info

Sub/Loc: Townsite of Carbondale
County: Garfield
Legal: Section 34 Township: 7 Range: 88 Original TWNSTE Carbondale Block 20 Lot:7 Thru Lot; 12.
Zoning: Commercial
Lot SqFt: 19500
Nbr of Acres: 0.45
Total SqFt: 27000
Inventory: No
Parcel #: 239334314004
Year Built: 1891
Directions: Main Street Old Downtown Carbondale at 4th and Main.

Financing Info

Metro Tax District: No
Taxes: 43007.4
Tax Year: 2019
Transfer Tax: No
N.O.I.: 227495
Total Expense P/Year: 198735
HOA Dues: 0
Total HOA Fee Per Year: 0

Status Change Info

Under Contract Date: 2020-11-23
Proposed Close Date: 2021-01-19
Sold Date: 2021-01-19
Sold Price Per/SF: 151.85
How Sold: Cash

More Information

Remarks

Public Remarks: IDEAL BUILDING TO TAKE THE 2ND FLOOR AND TURN IT INTO CONDOS OR APARTMENTS. HISTORIC LANDMARK PROPERTY 100% LEASED, PROPERTY MANAGER ON SITE MAJORITY OF THE LEASES ARE UNDER MARKET, CAP RANGE COULD CHANGE SEVERAL % POINTS UPWARDS IN JUST A FEW FEW YEARS. SOLID INVESTMENT WITH GREAT TENANTS IN PLACE

Current Use

Entertainment: Yes
Office Building: Yes
Restaurant: Yes
Retail Store: Yes

Access

Paved: Yes

Condominiumized

No: Yes

Condition

Average: Yes

Basement/Substructure

Unfinished: Yes

Gas

Natural Gas: Yes

Roof

Tar/Gravel: Yes

Water

Community: Yes

Sanitation

Community: Yes

Water Rights

No: Yes

Extras

Living Quarters: Yes
Lounge/Bar: Yes
Management: Yes
Restaurant: Yes
Restrooms: Yes
Storage: Yes

Heating/Cooling

Gas: Yes

Location Amenities

Corner Lot: Yes

Mineral Rights

No: Yes

Documents on File

Leases: Yes

Parking

1 - 5 Spaces: Yes

Occupant

Multiple Leases: Yes

Tenant Pays

Building Insurance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Property Taxes: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Subject to Lease: Yes

Sign

No: Yes

Property Features

Current Use: Entertainment; Office Building; Restaurant; Retail Store Condominiumized: No Roof: Tar/Gravel Condition: Average Gas: Natural Gas Water: Community Sanitation: Community Tenant Pays: Building Insurance; Electricity; Exterior Maintenance; Gas; Property Taxes; Sewer; Trash Collection; Water Parking: 1 - 5 Spaces Access: Paved Extras: Living Quarters; Lounge/Bar; Management; Restaurant; Restrooms; Storage Location Amenities: Corner Lot Occupant: Multiple Leases Documents on File: Leases Water Rights: No Mineral Rights: No Sign: No Possession: Subject to Lease

Listing Office: Bullock & Hinkey Real Estate

Last Updated: October - 18 - 2024

Broker Attribution: (970) 384-2030

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