309-315 8th Street, Glenwood Springs, CO 81601 (MLS# 167356) -

309-315 8th Street, Glenwood Springs, CO 81601

$2,280,000

23_208_7th_Street_Glenwood_Springs_81601

Property Type: Commercial Sale Square Footage: 10,625 Lot Size (sq. ft.): 7,500 Status: Closed

Current Price: $2,280,000 List Date: 11/02/2020 Last Modified: 9/05/2024

Overview

Description

Commercial investment property in the heart of Downtown Glenwood Springs! If you are looking for solid rental income and the perfect location, you found it. This historic and beautiful building sits just around the corner from restaurant row, and directly adjacent to Grand Avenue and the new bridge! Located within the Opportunity Zone, single tenant upstairs, and the main level enjoys four of the best known retail businesses in the Downtown core. Fully leased, well maintained and low maintenance. The brick exterior has been recently painted, and this corner sees the highest foot traffic and vehicle count in the surrounding area. Bring your investors before this one is gone!

Listing Details MLS# 167356

Location Info

Type: Commercial
Major Area: Glenwood Springs
Area: 09-Glenwood Proper
Asking Price: 2499000
Original List Price: 2499000
Street #: 309-315
Street Name: 8th
Street Suffix: Street
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601

Keywords Info

Total Building SqFt: 10,001 - 20,000
Association Dues: No

Listing Info

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: 44 Lot: 14 THRU:- Lot: 16
Zoning: Commercial
Lot SqFt: 7500
Nbr of Acres: 0.17
Total SqFt: 10625
Parcel #: 218509405011
Year Built: 1897
Year Remodeled: 2016
Directions: Grand Ave Glenwood, turn East on 8th St, bldg is on the left.

Financing Info

Metro Tax District: Yes
Taxes: 8373.78
Tax Year: 2019
Transfer Tax: No
HOA Dues: 0
Total HOA Fee Per Year: 0

Status Change Info

Under Contract Date: 2021-03-10
Proposed Close Date: 2021-04-30
Sold Date: 2021-04-30
Sold Price Per/SF: 214.59
How Sold: Cash

More Information

Remarks

Public Remarks: Commercial investment property in the heart of Downtown Glenwood Springs! If you are looking for solid rental income and the perfect location, you found it. This historic and beautiful building sits just around the corner from restaurant row, and directly adjacent to Grand Avenue and the new bridge! Located within the Opportunity Zone, single tenant upstairs, and the main level enjoys four of the best known retail businesses in the Downtown core. Fully leased, well maintained and low maintenance. The brick exterior has been recently painted, and this corner sees the highest foot traffic and vehicle count in the surrounding area. Bring your investors before this one is gone!

Allowable Uses

Office: Yes
Restaurant/Bar: Yes
Retail: Yes
Other: Yes

Current Use

Office Building: Yes
Retail Store: Yes

Construction

Brick: Yes

Condominiumized

No: Yes

Electric

Yes: Yes

Condition

Excellent: Yes

Basement/Substructure

Unfinished: Yes

Roof

Membrane: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Fire Alarm: Yes
High Speed Available: Yes
Kitchen Area: Yes
Landscaped: Yes
Restrooms: Yes
Smoke Detectors: Yes
Storage: Yes

Heating/Cooling

Evaporative Cooling: Yes
Forced Air: Yes
Other: Yes

Location Amenities

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

Mineral Rights

No: Yes

Documents on File

Financials: Yes
Leases: Yes

Parking

1 - 5 Spaces: Yes

Occupant

Tenant Occupied: Yes
Escalations: Yes
Multiple Leases: Yes

Disclosures

1031 Exchange: Yes

Terms Offered

Cash: Yes

Sign

No: Yes

Property Features

Allowable Uses: Office; Restaurant/Bar; Retail; Other Current Use: Office Building; Retail Store Construction: Brick Condominiumized: No Roof: Membrane Condition: Excellent Electric: Yes Water: Public Sanitation: Sewer Parking: 1 - 5 Spaces Extras: Fire Alarm; High Speed Available; Kitchen Area; Landscaped; Restrooms; Smoke Detectors; Storage Location Amenities: Corner Lot; High Traffic Loc; High Visibility; Intersection Occupant: Tenant Occupied; Escalations; Multiple Leases Disclosures: 1031 Exchange Documents on File: Financials; Leases Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: No

Listing Office: Slifer Smith & Frampton RFV

Last Updated: September - 05 - 2024

Broker Attribution: (970) 925-8088

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