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23 Mel Rey Road

Glenwood Springs, CO 81601
  • $2,500,000
  • STATUS: Active
  • ON SITE: 353 Days
  • MLS #: 172404
UPDATED: 7 min ago
$2,500,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,120
    SQFT
  • $1,179
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:

School Ratings & Info

Description

Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portion or owner occupy with fuel sales approved. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income. Projected NOI ~$150k**

Monthly Payment Calculator

© 2022 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lane Johnson Team | Compass.

Data last updated: 2022-10-03T23:38:29.757.
www.liveaspenco.com/homes/122381272
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23 Mel Rey Road Glenwood Springs, CO 81601

  • Price: $2,500,000
  • Status: Active
  • On Site: 353 Days
  • Updated: 7 min ago
  • MLS #: 172404
0
Beds
0
Baths
0
½ Baths
0.47
Acres
2,120
SQFT
$1,179
$/SQFT
1965
Built
Neighborhood:
None
County:
Garfield
Area:
09-West Of Glenwood
Property Description
Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portion or owner occupy with fuel sales approved. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income. Projected NOI ~$150k**
Exterior Features

Foundation Details Slab Roof Membrane

Property Features

Area Glenwood Building Area Total 2120 Building Features Yes Disclosures 1031 Exchange New Construction YN No Possession DodSubject To Lease Property Condition Good Property Sub Type Commercial Property Type Label Commercial Sale Tax Amount 9707.48 Tax Legal Description Section: 6 Township: 6 Range: 89 Subdivision: Mel-Ray Sub. Block: 4 Lot: 6Subdivision: Mel-Ray Sub. Lot: 7 S 50' Of E Tax Year 2020 Tenant Pays Building InsuranceGasProperty Taxes Water Source City Zoning M1- Mixed Use

Listing provided courtesy of The Agency Aspen: (970) 948-8834. Listing information © 2022 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
© 2022 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lane Johnson Team | Compass.

Data last updated: 2022-10-03T23:38:29.757.
 
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Lane Johnson Team | Compass
625 E Hyman Ave, Suite 104
Aspen CO, 81611