625 E Main Street, 101 & 102, Aspen, CO 81611
$8,445,000
Property Type:
Commercial Sale
Square Footage:
6,242
Status:
Closed
Current Price:
$8,445,000
List Date:
10/01/2021
Last Modified:
12/22/2022
Description
Excellent commercial investment opportunity in the downtown core of Aspen. High exposure retail location on Main Street in a Class A Commercial Building. These commercial condominium units feature high ceilings, 4 on-site garage parking spaces, and top quality steel and concrete construction. Solid cap rate potential with current tenants and income in place with potential to increase revenue. Newer construction that is priced below replacement cost!
More Information MLS# 172242
Location Info
Current Price: $8,445,000
Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 8445000
Original List Price: 8445000
Street #: 625
Street Direction Pfx: E
Street Name: Main
Street Suffix: Street
Address 2/Unit #: 101 & 102
City/Town: Aspen
State/Province: CO
Postal Code: 81611
Keywords Info
Total Building SqFt: 10,001 - 20,000
Association Dues: Yes
Association Fee: 47837.76
Association Fee Frequency: Annually
Payment Per: Quarter
Listing Info
Listing Date: 2021-09-29
REO: No
Member Association: Aspen Association
General Info
Sub/Loc: 625 Main Street Condo
County: Pitkin
Legal: Subdivision: 625 MAIN STREET CONDO Unit: 101 & 102 DESC: COMMERCIAL
Zoning: Commercial
Total SqFt: 6242
Business Name: UPS/MasonMorse/Amen Wardy
Inventory: No
Parcel #: 273707332035
Year Built: 2012
Directions: Main Street across from Concept 600.
Financing Info
Metro Tax District: No
Taxes: 70793.52
Tax Year: 2021
Transfer Tax: Yes
Status Change Info
Status: Closed
Under Contract Date: 2022-08-22
Proposed Close Date: 2022-12-20
Sold Date: 2022-12-22
Sold Price: $8,445,000
Sold Price Per/SF: 1352.93
How Sold: Conventional Fixed
Remarks
Public Remarks: Excellent commercial investment opportunity in the downtown core of Aspen. High exposure retail location on Main Street in a Class A Commercial Building. These commercial condominium units feature high ceilings, 4 on-site garage parking spaces, and top quality steel and concrete construction. Solid cap rate potential with current tenants and income in place with potential to increase revenue. Newer construction that is priced below replacement cost!
Property Features
Allowable Uses: Office; Retail
Construction: Poured Concrete; Steel/Metal
Parking: 1 - 5 Spaces; Parking Garage
Occupant: Tenant Occupied
Possession: DOD
Documents
625 Main 101 & 102 Floor Plan ›Listing Office: Aspen Snowmass Sotheby's International Realty - Hyman Mall
Last Updated: December - 22 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
(970) 925-6060
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