512 YAMPA Avenue, Craig, CO 81625
$225,000
Property Type:
Commercial Sale
Square Footage:
3,125
Lot Size (sq. ft.):
3,049
Status:
Active
Current Price:
$225,000
List Date:
5/13/2024
Last Modified:
5/13/2024
Description
Investment Opportunity in Downtown Craig. The national-rated tenant just signed a three year lease with terms that support a 9.4% cap rate. This single-tenant, single-story building has great long-term rental history and, at 3,125 square feet, it is right sized for a variety of small business ventures. There is alley access in the rear, ample public parking nearby and great retail glass along Yampa Avenue. Buy as an investment with the option of future owner-occupy. This area of Downtown Craig has a vibrant business community and the location won't disappoint.
More Information MLS# 183692
Location Info
Current Price: $225,000
Inside City Limits: Yes
Condominiumized: No
Zoning City: Craig
Zoning County: Moffat
Type: Business with/RE
Major Area: Craig
Area: 17-Craig
Asking Price: 225000
Original List Price: 225000
Street #: 512
Street Name: YAMPA
Street Suffix: Avenue
City/Town: Craig
State/Province: CO
Postal Code: 81625
Keywords Info
Association Dues: No
Listing Info
Occupant: Tennant
Listing Date: 2024-05-13
Seller is licensed Realtor: No
REO: No
Member Association: Glenwood Association
General Info
Sub/Loc: Craig
County: Moffat
Legal: SUBD: ORIGINAL CRAIG LOT: 21 BLOCK: 29
Zoning: Commercial
Lot SqFt: 3049
Nbr of Acres: 0.07
Total SqFt: 3125
Unit SqFt: 3125
Parcel #: 065736429010
Year Built: 1914
Directions: US 40 to Yampa Avenue. North on Yampa. The subject is on the west side of street, near the middle of the block.
Financing Info
Metro Tax District: No
Taxes: 1553.98
Tax Year: 2023
Transfer Tax: No
Status Change Info
Status: Active
Remarks
Public Remarks: Investment Opportunity in Downtown Craig. The national-rated tenant just signed a three year lease with terms that support a 9.4% cap rate. This single-tenant, single-story building has great long-term rental history and, at 3,125 square feet, it is right sized for a variety of small business ventures. There is alley access in the rear, ample public parking nearby and great retail glass along Yampa Avenue. Buy as an investment with the option of future owner-occupy. This area of Downtown Craig has a vibrant business community and the location won't disappoint.
Property Features
Allowable Uses: Retail
Construction: Concrete Block; Frame
Roof: Membrane
Parking: Common
Access: Paved
Possession: DOD
Documents
Property Information Packet ›Listing Office: The Group Real Estate, LLC
Last Updated: May - 13 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
(970) 870-8800
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