- Updated On:
- September 10, 2023
- 2,760.00 ac
- Year Built: 2001
Located at 566 & 568 Highway 133 units 4 & 5 in the Fontana Shopping Complex in Carbondale, CO Colorado are two condominium units combined into one that have been converted into a restaurant space and is now being offered as a turn key investment opportunity.
This Fontana Plaza is a busy plaza with strong co-tenancies that all drive traffic to the location. Dos Gringos and Aloha Cyclery alone are two of the most well known businesses in Carbondale. Facing Highway 133 as you drive into Carbondale this location has great visibility and traffic that supports the success of the businesses in it.
Currently there is a new long term lease in place with a popular restaurant that has performed a recent remodel. This remodel has kept the property up to date so you will not need about performing work when you purchase. The long standing nature of the Jalisco restaurant and their commitment to a long term lease validates the sustainability of this location and a sustained cap rate over 7%!!
The plaza has high quality property management with controlled expenses that will not handicap the investment.
The two properties combined are listed at $999,000, this is a very competitive price for the area in a town that is growing daily. Property values in Carbondale have almost doubled in the last 5 years alone.
The building was constructed in 2001 and the two units together offer 2,760 SqFt. The per SqFt price of these properties very competitive. The assessment describes the building as “Excellent;Good Condition” while the lease is an accommodating “Mixed Use”.
The combination of an amazing location, great visibility, a well known tenant with a long standing lease and a very competitive price make this a great investment opportunity not just in Carbondale but in the entire Roaring Fork Valley.
Contact Ruth today to get a personal showing of the property and learn more about the details of this purchase and the opportunities it presents.
- Principal and Interest
- Property Tax
- HOA fee