23 Mel Rey Road, Glenwood Springs, CO 81601 (MLS# 193775)

23 Mel Rey Road, Glenwood Springs, CO 81601

$2,500,000

Property Type: Commercial Sale Square Footage: 2,120 Lot Size (sq. ft.): 20,256 Status: Active

Current Price: $2,500,000 List Date: 7/13/2026 Last Modified: 7/15/2026

Overview

Description

Great investment opportunity in West Glenwood with high visibility on the West Glenwood roundabout. It is fully leased, with fuels services and two food trucks occupying a portion of the vacant lot. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income.

Listing Details MLS# 193775

Location Info

Inside City Limits: Yes
Condominiumized: No
Zoning City: City of Glenwood
Zoning County: Garfield County
Type: Commercial
Major Area: Glenwood Springs
Area: 09-West of Glenwood
Asking Price: 2500000
Original List Price: 2500000
Street #: 23
Street Name: Mel Rey
Street Suffix: Road
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601

Keywords Info

Total Building SqFt: 1.001 - 5,000
Association Dues: No

Listing Info

Occupant Type: Tenant
Seller/Owner is Licensed: No
Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Glenwood Association

General Info

Sub/Loc: None
County: Garfield
Legal: Section: 6 Township: 6 Range: 89 Subdivision: MEL-RAY SUB. Block: 4 Lot: 6, Subdivision: MEL-RAY SUB. Lot: 7 S 50' OF E
Zoning: M1- Mixed Use
Lot SqFt: 20256
Nbr of Acres: 0.47
Total SqFt: 2120
Unit SqFt: 2120
Parcel #: 218506104005
Year Built: 1965
Directions: Off of I-70 West, go to the roundabout and take the second right. Property will be on the left.

Financing Info

Metro Tax District: No
Taxes: 9707.48
Tax Year: 2020
Transfer Tax: No
Total HOA Fee Per Year: 0

Status Change Info

Sold Price Per/SF: 0

More Information

Remarks

Public Remarks: Great investment opportunity in West Glenwood with high visibility on the West Glenwood roundabout. It is fully leased, with fuels services and two food trucks occupying a portion of the vacant lot. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income.

Allowable Uses

Hospitality: Yes
Hotel/Lodge: Yes
Income: Yes
Industrial - Heavy: Yes
Industrial - Light: Yes
Mixed Use: Yes
Multi-Family Res: Yes
Office: Yes
Restaurant/Bar: Yes
Retail: Yes
Single Family Res: Yes
Warehouse: Yes
Other: Yes

Current Use

Gas/Automotive: Yes

Construction

Block: Yes
Brick: Yes
Concrete: Yes
Steel Frame: Yes

Access

Paved: Yes

Electric

Yes: Yes

Condition

Good: Yes

Basement/Substructure

Slab: Yes

Roof

Membrane: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Heating/Cooling

Central AC: Yes
Gas: Yes

Location Amenities

Corner Lot: Yes
High Traffic Loc: Yes
High Visibility: Yes
Highway Access: Yes
Intersection: Yes

Mineral Rights

No: Yes

Documents on File

Survey/ILC: Yes

Parking

11 - 20 Spaces: Yes

Occupant

Tenant Occupied: Yes
5+ Years: Yes
Option to Renew: Yes

Disclosures

1031 Exchange: Yes

Terms Offered

Cash: Yes

Possession

DOD: Yes
Subject to Lease: Yes

Sign

Yes: Yes

Property Features

Allowable Uses: Hospitality; Hotel/Lodge; Income; Industrial - Heavy; Industrial - Light; Mixed Use; Multi-Family Res; Office; Restaurant/Bar; Retail; Single Family Res; Warehouse; Other Current Use: Gas/Automotive Construction: Block; Brick; Concrete; Steel Frame Roof: Membrane Condition: Good Electric: Yes Water: Public Sanitation: Sewer Parking: 11 - 20 Spaces Access: Paved Location Amenities: Corner Lot; High Traffic Loc; High Visibility; Highway Access; Intersection Occupant: Tenant Occupied; 5+ Years; Option to Renew Disclosures: 1031 Exchange Documents on File: Survey/ILC Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: Yes Possession: DOD; Subject to Lease

Listing Office: The Agency Aspen

Last Updated: July - 15 - 2026

Broker Attribution: (970) 429-4255

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