$625,000

1053 Main Avenue

Durango CO, 81301

Description

Incredible opportunity to own a part of downtown Durango! This Main Avenue one-level building is an ideal location for numerous businesses or a 1031 exchange investment. The central entry door bifurcates two storefront spaces to allow flexibility of separate uses, or renovate the building to open up the entire interior space. The drop ceiling could be removed in renovation to restore the space to original higher ceilings, and one could explore the option of adding a second floor residential condo or apartment. The space currently includes several office suites, storage room, kitchenette, and two multi-stall restrooms. Current leases could transfer to a new owner or the building could be delivered vacant with advance notice to tenants. Do not disturb tenants!! Listing broker must be present for showings. The price included two (2) parking spaces. Up to two (2) additional parking spaces potentially available with an acceptable offer at an additional $20K each.

Details

MLS#777980
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusPending - Show
Days On Site109

Features

SQ Feet2,400
Story(s)1
Units1
ZoningCommercial

Market Activity 81301

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Area Information
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$625,000
low | high
Med:
$454,950
77.208% of Average
SqFt:
2,400
low | high
Med:
0
100% of Average
$ / SqFt:
$260
low | high
Med:
$0
100% of Average
On Site:
109
low | high
Med:
340.5
32.01174743025% of Average
Sourced by Back At You
Listing Updated: May 7, 2021 8:37:31 PM PDT
Christina Rinderle LogoMLS Number: 777980
Listing Provided By:
Christina Rinderle  of  Durango Land and Homes

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