1230 Big Thompson Ave - Medical FOR SALE


Estes Park, CO 80517
$2,500,000 USD
210-254-0781
1230 Big Thompson Ave, Estes Park, CO for Sale
$2,500,000 USD
Medical - FOR SALE
1/56
null | 4.62% Cap Rate

1230 Big Thompson Ave
Estes Park, CO 80517


HIGHLIGHTS

  • PUD eligible as of 26/11/24! Situated along one of two main highways into town, lots of parking, surrounded by 14 hotels, walk/bike to downtown.
  • Gently sloping lot, treed yard, beautiful views of the Estes Valley and Continental Divide, 2 blocks to Lake Estes, pedestrian/bike path.
  • Flexible zoning, zero flood risk, minimal fire risk, high ceilings, lots of natural light, New roof 2017, new paving 2021, Interior renovation 2021.

OVERVIEW

Versatile Commercial Investment Opportunity in vibrant Estes Park! As of 26 Nov 24 Estes code update, eligible for commercial/residential Planned Unit Development. Great access with plenty of private parking on Highway 34, one of the two main arteries into town for the 4 million-plus annual visitors. Fully Occupied: Completely renovated in 2021, the 14,776 sq ft building on a 1.4 acre gently sloped lot is 100% leased with multi-year tenants. Vert Coworking, a highly-amenitized coworking facility which includes a full fitness center in addition to workspaces, conference room and event spaces, currently occupies 65% of the building square footage. Two outdoor guide companies (one of which operates a popular bouldering gym in the building), a chiropractic office and two massage therapists lease the rest of the space. The large back field is perfect for events and has buildable area for potential expansion plans, employee housing, etc. All leases have a 90-day unilateral termination clause in the event buyer requires entire building. Prime Location: Positioned at a high point on the east side of town, the property has great street exposure while providing majestic panoramic views of the Continental Divide. The property sits in the middle of a row of 14 lodging venues, from the iconic Stanley Hotel to a planned brand new Marriott Springhill Suites. It’s a short two blocks to all the recreational opportunities of Lake Estes. The pedestrian and bike trail along Highway 34 at the front of the lot makes it an easy walk or ride into downtown. Flexible Use Options: This is one of the rare “Commercial Outlying” zoned properties on the east side of town and the only one on the market at this time. This zoning category allows very flexible commercial use if you want a crown jewel property for your or tenant businesses (restaurant, brewpub, event center, grocery, retail outlet, or dynamic business hub). CO zoning would even allow for the most extraordinary vacation home in the area! Owners are willing to negotiate sale of Vert Coworking along with the property.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

4.62%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Development, Investment or Owner Operator Gem

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Health Club, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

CO

APN/PARCEL ID

25194-06-001

ASK ABOUT THIS PROPERTY

David LaSalleAdEstes Properties LLCMore Info
210-254-0781

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David LaSalleAdEstes Properties LLCMore Info
210-254-0781

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.