743 Main Ave - Office FOR SALE


Durango, CO 81301
$1,200,000 USD
970-759-3820
743 Main Ave, Durango, CO for Sale
$1,200,000 USD
Office - FOR SALE
1/24
null | 6.3% Cap Rate

743 Main Ave
Durango, CO 81301


HIGHLIGHTS

  • HISTORIC DOWNTOWN DURANGO
  • LONG-TERM ESTABLISHED TENANT
  • FULLY RENOVATED IN 2013 - INTERIOR REMODEL COMPLETED 2023

OVERVIEW

This is an incredible opportunity to own a commercial property located in the heart of downtown Durango, CO. The office space spans 1881 sqft and is situated in the 700 block of Main Avenue, near popular spots like Seasons, Switchback Taco and Fired Up Pizza. The property includes 6 parking spots behind the building, and a long-term, well established tenant. Legacy Properties West is a Real Estate Sales office that was established in 2006. It partnered with the Sotheby's International Realty brand in 2013 and moved into the current location at 743 Main Avenue. Upon purchase, the interior was gutted and all new infrastructure (electrical, plumbing, HVAC, roofing), trim, fixtures and finish was completed, along with renewal of the parking lot asphalt. All work was supervised by Terry Dyer with Dyerbilt/ Veritas. In 2023, the interior of the office space was remodeled, including new lighting, paint, carpet, and furniture. With an annual rent revenue of $75,000/ year (including taxes & insurance) and a long-term lease, this property is a great investment opportunity in downtown Durango.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$638 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

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

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kim PennyLegacy Properties West - Sotheby's Intl RealtyMore Info
970-759-3820

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Kim PennyLegacy Properties West - Sotheby's Intl RealtyMore Info
970-759-3820

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