710 E Durant Avenue W-1, W-2 & W-3, Aspen, CO 81611
$7,450,000
Property Type:
Commercial Sale
Square Footage:
4,854
Status:
Closed
Current Price:
$7,450,000
List Date:
3/17/2020
Last Modified:
9/05/2024
Overview
Description
Listing Details MLS# 161018
Location Info
- Type
- Commercial
- Major Area
- Aspen
- Area
- 01-Central Core
- Asking Price
- 8495000
- Original List Price
- 8950000
- Street #
- 710
- Street Direction Pfx
- E
- Street Name
- Durant
- Street Suffix
- Avenue
- Address 2/Unit #
- W-1, W-2 & W-3
- City/Town
- Aspen
- State/Province
- CO
- Postal Code
- 81611
Keywords Info
- Total Building SqFt
- 1.001 - 5,000
- Association Dues
- Yes
- Association Fee Frequency
- Annually
- Association Fee
- 0
Listing Info
- Short Sale
- No
- REO
- No
- Auction
- No
- In Foreclosure
- No
- Member Association
- Aspen Association
General Info
- Sub/Loc
- Durant Mall Condo
- County
- Pitkin
- Country
- United States
- Legal
- Subdivision: DURANT MALL - AMENDED Units: W-1, W-2 & W-3
- Zoning
- Neighborhood Comml
- Total SqFt
- 4854
- Unit SqFt
- 4854
- Business Name
- Jour de Fete & Grog Shop
- Inventory
- No
- Parcel #
- 273718242040
- Year Built
- 1975
- Directions
- On Durant between Spring Street and Original. Next to City Market.
Financing Info
- Metro Tax District
- No
- Taxes
- 79120.12
- Tax Year
- 2019
- Transfer Tax
- Yes
- HOA Dues
- 70462.56
- Total HOA Fee Per Year
- 0
Status Change Info
- Under Contract Date
- 2020-07-30
- Proposed Close Date
- 2020-09-14
- Sold Date
- 2020-09-01
- Sold Price Per/SF
- 1534.82
- How Sold
- Other
More Information
Remarks
- Public Remarks
- This opportunity represents one of the best income investments in the market. The property consists of two commercial units located just a block from the gondola and next to City Market Grocery (Kroger). The proximity to the only grocery store in the downtown core brings in high traffic every day of the year. The new W Hotel just opened across the street on the opposite side of the grocery. The tenants are The Grog Shop (liquor and wine store) and Jour de Fete (Café). Both are well established local businesses. The Durant Mall has undergone a major renovation and the seller has paid all of the special assessments for the project. Both tenants have leases in place until 2025 and the rents increase annually to provide a built in inflation hedge on the investment.
Listing Office:
Aspen Snowmass Sotheby's International Realty - Hyman Mall
Last Updated: September - 05 - 2024
Broker Attribution:
(970) 925-6060
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