710-720 E Durant Ave E1,5-7;M1-3;W4-10;P16,17,19, Aspen, CO 81611 (MLS# 124646) -

710-720 E Durant Ave E1,5-7;M1-3;W4-10;P16,17,19, Aspen, CO 81611

$3,265,000

Property Type: Commercial Sale Square Footage: 12,749 Status: Closed

Current Price: $3,265,000 List Date: 3/12/2012 Last Modified: 9/05/2024

Overview

Description

Rare opportunity to purchase 37% of the Durant Mall Condominium Building. Located 1 block from the Little Nell Hotel and the Gondola. 17 units, including approximately 610 SF of Retail space on the main level, 8,156 SF of Office space on the 2nd level, 765 SF of Unenclosed areas on the patio level and 9 Parking spaces on the garage level. Does not include units occupied by Grog Shop, Jour de Fete & former CB RE office.

Listing Details MLS# 124646

Location Info

Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 4000000
Original List Price: 6000000
Street #: 710-720
Street Direction Pfx: E
Street Name: Durant Ave
Address 2/Unit #: E1,5-7;M1-3;W4-10;P16,17,19
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Keywords Info

Total Building SqFt: Not Applicable
Association Dues: No

Listing Info

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

General Info

Sub/Loc: Durant Mall Condo
County: Pitkin
Legal: Durant Mall Condominium Units: E1,E5,E6,E7,M1,M2,M3,W4,W5,W6,W7,W8,W9,W10,P16,P17,P19
Zoning: Neighborhood Commercial (NC)
Total SqFt: 12749
Inventory: No
Parcel #: 273718242006
Year Built: 1975
Directions: 710-720 Durant Avenue between Spring and Original

Financing Info

Taxes: 55524
Tax Year: 2012
Transfer Tax: Yes
HOA Dues: 98299

Status Change Info

Under Contract Date: 2013-05-23
Proposed Close Date: 2013-11-20
Sold Date: 2013-11-20
Sold Price Per/SF: 256.1
How Sold: Cash

More Information

Remarks

Public Remarks: Rare opportunity to purchase 37% of the Durant Mall Condominium Building. Located 1 block from the Little Nell Hotel and the Gondola. 17 units, including approximately 610 SF of Retail space on the main level, 8,156 SF of Office space on the 2nd level, 765 SF of Unenclosed areas on the patio level and 9 Parking spaces on the garage level. Does not include units occupied by Grog Shop, Jour de Fete & former CB RE office.

Allowable Uses

Hotel/Lodge: Yes
Income: Yes
Mixed Use: Yes
Office: Yes
Restaurant/Bar: Yes
Retail: Yes

Current Use

Income: Yes
Office Building: Yes
Professional Service: Yes

Construction

Frame: Yes

Condominiumized

Yes: Yes

Electric

Yes: Yes

Condition

Good: Yes

Basement/Substructure

Slab: Yes

Gas

None: Yes

Roof

Membrane: Yes
Metal: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Elevator: Yes
Fire Sprinkler Sys: Yes
Smoke Detectors: Yes
ADA Compliant: Yes

Heating/Cooling

Baseboard: Yes
Gas: Yes
Hot Water: Yes

Location Amenities

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

Mineral Rights

No: Yes

Documents on File

CC & R's: Yes
Financials: Yes
Leases: Yes

Parking

6 - 10 Spaces: Yes
Parking Garage: Yes

Occupant

Tenant Occupied: Yes
Vacant: Yes
1 Month to 1 Year: Yes
1 - 2 Years: Yes
Multiple Leases: Yes

Disclosures

Owner Licensed: Yes
Right of 1st Refusal: Yes

Tenant Pays

Association Fees: Yes
Electricity: Yes
Property Taxes: Yes

Owner Pays

Association Fees: Yes
Property Taxes: Yes

Terms Offered

Cash: Yes

Possession

DOD: Yes
Subject to Lease: Yes

Expenses Include

Grounds Maintenance: Yes
Insurance: Yes
Sewer: Yes
Snow Removal: Yes
Trash: Yes
Water: Yes

Sign

Yes: Yes

Property Features

Allowable Uses: Hotel/Lodge; Income; Mixed Use; Office; Restaurant/Bar; Retail Current Use: Income; Office Building; Professional Service Construction: Frame Condominiumized: Yes Roof: Membrane; Metal Condition: Good Electric: Yes Gas: None Water: Public Sanitation: Sewer Tenant Pays: Association Fees; Electricity; Property Taxes Owner Pays: Association Fees; Property Taxes Parking: 6 - 10 Spaces; Parking Garage Extras: ADA Compliant; Elevator; Fire Sprinkler Sys; Smoke Detectors Expenses Include: Grounds Maintenance; Insurance; Sewer; Snow Removal; Trash; Water Location Amenities: Corner Lot; High Traffic Loc; High Visibility; View Occupant: Tenant Occupied; Vacant; 1 Month to 1 Year; 1 - 2 Years; Multiple Leases Disclosures: Owner Licensed; Right of 1st Refusal Documents on File: CC & R's; Financials; Leases Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: Yes Possession: DOD; Subject to Lease

Documents

NC Zone District ›

Floor Plans, W-4,5,6,7,8,9,10 ›

Floor Plans, E-5,6,7 ›

Floor Plan, E-1 ›

Parking Spaces ›

ROFR ›

Listing Office: Setterfield & Bright

Last Updated: September - 05 - 2024

Broker Attribution: (970) 920-1833

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