401 E Hyman Avenue, Aspen, CO 81611
$5,900,000
Property Type:
Commercial Sale
Square Footage:
3,018
Lot Size (sq. ft.):
1,980
Status:
Closed
Current Price:
$5,900,000
List Date:
2/07/2017
Last Modified:
5/07/2018
Description
First time ever available for sale. Prime corner retail building. 100% A+ location across from the dancing fountain and the Wheeler Opera House. This is a unique income property at a 4% cap rate with 2 retail tenants and 2 seasonal outdoor vendors.
More Information MLS# 147506
Location Info
Current Price: $5,900,000
Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 5900000
Original List Price: 5900000
Street #: 401
Street Direction Pfx: E
Street Name: Hyman
Street Suffix: Avenue
City/Town: Aspen
State/Province: CO
Postal Code: 81611
Keywords Info
Total Building SqFt: 1.001 - 5,000
Association Dues: No
Payment Per: Unknown
Listing Info
Listing Date: 2017-02-03
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Aspen Association
General Info
Sub/Loc: Townsite of Aspen
County: Pitkin
Legal: Subdivision: CITY AND TOWNSITE OF ASPEN Block: 89 Lot: A THE NORTHERLY 66' OF LOT A
Zoning: CC
Lot SqFt: 1980
Nbr of Acres: 0.05
Total SqFt: 3018
Unit SqFt: 3018
Business Name: Art Tee & Covet
Inventory: No
Parcel #: 273718216001
Year Built: 1960
Directions: Corner of Mill Street Walking Mall and Hyman Avenue Walking Mall
Financing Info
Taxes: 37668.68
Tax Year: 2016
Transfer Tax: Yes
Status Change Info
Status: Closed
Under Contract Date: 2017-06-16
Proposed Close Date: 2017-08-15
Sold Date: 2017-08-15
Sold Price: $5,900,000
Sold Price Per/SF: 1954.93
How Sold: Cash
Remarks
Public Remarks: First time ever available for sale. Prime corner retail building. 100% A+ location across from the dancing fountain and the Wheeler Opera House. This is a unique income property at a 4% cap rate with 2 retail tenants and 2 seasonal outdoor vendors.
Property Features
Allowable Uses: Restaurant/Bar; Retail
Current Use: Retail Store
Construction: Brick; Concrete Block
Condominiumized: No
Substructure: Finished Basement
Roof: Membrane
Condition: Good
Heating/Cooling: Electric
Electric: Yes
Sanitation: Sewer
Tenant Pays: Annual Escalation; Building Insurance; Deposit; Electric; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash; Water
Owner Pays: Nothing; Structural Maint
Parking: None
Location Amenities: Corner Lot; High Traffic Loc; High Visibility; View
Occupant: Tenant Occupied; Multiple Leases
Disclosures: 1031 Exchange
Documents on File: Leases
Terms Offered: Cash
Sign: No
Possession: DOD; Subject to Lease
Documents
Lindner Building Floor Plans ›Listing Office: Setterfield & Bright
Last Updated: May - 07 - 2018
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
(970) 920-1833
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