520 E Cooper Avenue Rb-1, Aspen, CO 81611
$3,400,000
Property Type:
Commercial Sale
Square Footage:
3,716
Status:
Closed
Current Price:
$3,400,000
List Date:
5/28/2016
Last Modified:
9/05/2024
Overview
Description
Listing Details MLS# 140077
Location Info
- Type
- Commercial
- Major Area
- Aspen
- Area
- 01-Central Core
- Asking Price
- 3950000
- Original List Price
- 4400000
- Street #
- 520
- Street Direction Pfx
- E
- Street Name
- Cooper
- Street Suffix
- Avenue
- Address 2/Unit #
- Rb-1
- City/Town
- Aspen
- State/Province
- CO
- Postal Code
- 81611
Keywords Info
- Total Building SqFt
- Not Applicable
- Association Dues
- Yes
Listing Info
- Short Sale
- No
- REO
- No
- Auction
- No
- In Foreclosure
- No
- Member Association
- Aspen Association
General Info
- Sub/Loc
- Aspen Hof
- County
- Pitkin
- Legal
- Aspenhof Unit RB-1
- Zoning
- CC
- Total SqFt
- 3716
- Unit SqFt
- 3726
- Inventory
- No
- Parcel #
- 273718224016
- Year Built
- 1970
- Year Remodeled
- 1985
- Directions
- Lower level at 520 East Cooper next to Boogies
Financing Info
- Taxes
- 21407.5
- Tax Year
- 2014
- Transfer Tax
- Yes
- N.O.I.
- 226297
- HOA Dues
- 24000
- Total Expense P/Year
- 48500
Status Change Info
- Under Contract Date
- 2016-12-28
- Proposed Close Date
- 2017-02-17
- Sold Date
- 2017-02-17
- Sold Price Per/SF
- 914.96
- How Sold
- Cash
More Information
Remarks
- Public Remarks
- Steady cash flow with long term tenants. Completely renovated with total rewire, plumbing and all mechanicals. This is a long term hold with 3% escalators annually. Cap Rate 5.7 and NOI $226.297.
Property Features
Allowable Uses:
Income; Retail
Current Use:
Retail Store
Condominiumized:
Yes
Condition:
New; Excellent
Electric:
Yes
Water:
Community
Sanitation:
Community
Tenant Pays:
Annual Escalation; Electricity
Owner Pays:
Association Fees; Building Insurance; Property Taxes
Parking:
None
Extras:
ADA Compliant; Elevator; Fire Alarm
Occupant:
Tenant Occupied
Disclosures:
Excluded Buyer; Owner Licensed
Sign:
No
Possession:
Subject to Lease
Listing Office:
Kruger and Company
Last Updated: September - 05 - 2024
Broker Attribution:
(970) 920-4001
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