725 Grand Avenue, Glenwood Springs, CO 81601
$4,599,000
Property Type:
Commercial Sale
Square Footage:
13,850
Lot Size (sq. ft.):
5,000
Status:
Active
Current Price:
$4,599,000
List Date:
1/19/2024
Last Modified:
6/28/2024
Description
The Grand Avenue building in downtown Glenwood is a historic multi-use property that is currently for sale. The building features 14 apartments that are leased on the top level, and two long-term local businesses that lease the first floor on Grand Avenue. The property is a great opportunity for an investor who is interested in owning a piece of history in a bustling downtown area. The building is ready for an investor to take over, and potential buyers are encouraged to take a look.
More Information MLS# 173144
Location Info
Current Price: $4,599,000
Inside City Limits: Yes
Condominiumized: No
Zoning City: M2
Zoning County: MERCHANDISING-IMPROVEMENT-2212 (COMMERCIAL PROPERT
Type: Commercial
Major Area: Glenwood Springs
Area: 09-Glenwood Proper
Asking Price: 4599000
Original List Price: 5234000
Street #: 725
Street Name: Grand
Street Suffix: Avenue
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Keywords Info
Total Building SqFt: 10,001 - 20,000
Association Dues: No
Payment Per: Unknown
Listing Info
Occupant: Tennant
Listing Date: 2021-12-15
Seller is licensed Realtor: No
Short Sale: No
REO: No
Member Association: Glenwood Association
General Info
Sub/Loc: None
County: Garfield
Legal: Section: 9 Township: 6 Range: 89 Subdivision: ORIGINAL TWNSTE. GLENWOOD Block: 43 Lot: 13 AND:- Lot: 14 5000 SQ FT
Zoning: M2
Lot SqFt: 5000
Nbr of Acres: 0.11
Levels: 3
Total SqFt: 13850
Unit SqFt: 4003000
Parcel #: 218509406010
Year Built: 1900
Directions: Grand Avenue adjacent to the Bridge on the West side
Financing Info
Metro Tax District: Yes
Taxes: 14689
Tax Year: 2021
Transfer Tax: No
Status Change Info
Status: Active
Remarks
Public Remarks: The Grand Avenue building in downtown Glenwood is a historic multi-use property that is currently for sale. The building features 14 apartments that are leased on the top level, and two long-term local businesses that lease the first floor on Grand Avenue. The property is a great opportunity for an investor who is interested in owning a piece of history in a bustling downtown area. The building is ready for an investor to take over, and potential buyers are encouraged to take a look.
Property Features
Allowable Uses: Hospitality; Income; Mixed Use; Office; Restaurant/Bar; Retail
Current Use: Income; Multi-Family; Restaurant; Retail Store
Condominiumized: No
Substructure: Unfinished Basement
Roof: Membrane
Condition: Good
Heating/Cooling: Gas; Hot Water
Sanitation: Sewer
Parking: Common; Parking Lot; Street Parking
Occupant: Tenant Occupied; 1 Month to 1 Year; 3 - 5 Years; 5+ Years; Multiple Leases
Disclosures: 1031 Exchange
Water Rights: No
Mineral Rights: No
Terms Offered: Cash
Sign: No
Listing Office: Slifer Smith & Frampton RFV
Last Updated: June - 28 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
(970) 925-8088
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