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500 E Cooper Avenue, Aspen, CO 81611

$17,250,000
Property Type: Commercial Sale Square Footage: 9,698 Lot Size (sq. ft.): 3,978 Status: Closed
Current Price: $17,250,000 List Date: 2/02/2012 Last Modified: 9/05/2024

Overview

Description

110% location investment building with prime retail and office spaces. Corner of Cooper Avenue & Galena Street in the middle of Aspen's downtown commercial core. Fully leased. Tenants are Loro Piana, Paradise Bakery, PE 101, Capital Technologies, Brooke Peterson and Eagle Owl. Rare opportunity for an investor to own a stellar income property in downtown Aspen with excellent tenants, great cash flow and potential for upside.

Listing Details MLS# 124144

Location Info

Type
Commercial
Major Area
Aspen
Area
01-Central Core
Asking Price
18400000
Original List Price
21000000
Street #
500
Street Direction Pfx
E
Street Name
Cooper
Street Suffix
Avenue
City/Town
Aspen
State/Province
CO
Postal Code
81611

Keywords Info

Total Building SqFt
5,001 - 10,001
Association Dues
No

Listing Info

Short Sale
No
REO
No
Auction
No
In Foreclosure
No
Member Association
Aspen Association

General Info

Sub/Loc
Townsite of Aspen
County
Pitkin
Legal
The Southerly 68 feet of Lot K & Lot L, excepting the Easterly 18 inches of Lot L, Block 95, City and Townsite of Aspen
Zoning
CC
Lot SqFt
3978
Nbr of Acres
0.09
Total SqFt
9698
Business Name
Volk Plaza
Inventory
No
Parcel #
273718224006
Year Built
1986
Directions
NE corner of Galena Street and Cooper Avenue

Financing Info

Taxes
74597
Tax Year
2011
Transfer Tax
Yes

Status Change Info

Under Contract Date
2012-11-20
Proposed Close Date
2012-12-27
Sold Date
2012-12-28
Sold Price Per/SF
1778.72
How Sold
Cash

More Information

Remarks

Public Remarks
110% location investment building with prime retail and office spaces. Corner of Cooper Avenue & Galena Street in the middle of Aspen's downtown commercial core. Fully leased. Tenants are Loro Piana, Paradise Bakery, PE 101, Capital Technologies, Brooke Peterson and Eagle Owl. Rare opportunity for an investor to own a stellar income property in downtown Aspen with excellent tenants, great cash flow and potential for upside.

Property Features

Allowable Uses: Income; Mixed Use; Office; Retail; Warehouse Current Use: Income; Office Building; Restaurant; Retail Store; Warehouse Construction: Brick; Frame; Stone Condominiumized: No Roof: Membrane; Other Condition: Excellent Electric: Yes Gas: Natural Gas Water: Public Sanitation: Sewer Tenant Pays: Annual Escalation; Building Insurance; Deposit; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash Collection; Water Owner Pays: Nothing Parking: Street Parking; None Access: Paved Extras: Fire Alarm; Fire Sprinkler Sys; Landscaped; Management; Restrooms; Smoke Detectors Expenses Include: Grounds Maintenance; Insurance; Management; Sewer; Snow Removal; Trash; Unit Electric; Unit Heat; Water Location Amenities: Corner Lot; High Traffic Loc; High Visibility; View Occupant: Tenant Occupied; 3 - 5 Years; Escalations; Multiple Leases Documents on File: Appraisal; Financials; Leases Terms Offered: Cash Sign: Yes Possession: Subject to Lease

Documents

IDX
Listing Office: Setterfield & Bright
Source MLS Verified
Last Updated: September - 05 - 2024
Broker Attribution: (970) 920-1833
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.
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