Skip To Content

23 Mel Rey Road

Glenwood Springs, CO 81601
  • $2,500,000
  • STATUS: Active
  • ON SITE: 202 Days
  • MLS #: 177449
UPDATED: 72 min ago
$2,500,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
None
Type:
Commercial
Built:
1965
County:
Garfield
Area:
09-West Of Glenwood

School Ratings & Info

Visit GreatSchools.org

Description

Income, Lease, Develop. 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. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income. Projected NOI ~$150k**

Monthly Payment Calculator

© 2023 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: 2023-06-05T07:38:31.653.
www.liveaspenco.com/homes/134772353
Print Image

23 Mel Rey Road Glenwood Springs, CO 81601

  • Price: $2,500,000
  • Status: Active
  • On Site: 202 Days
  • Updated: 72 min ago
  • MLS #: 177449
0
Beds
0
Baths
0
½ Baths
0.47
Acres
1965
Built
Neighborhood:
None
County:
Garfield
Area:
09-West Of Glenwood
Property Description
Income, Lease, Develop. 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. 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 Association Fee 0 Association Fee Frequency Unknown Building Area Total 2120 Building Features Yes Disclosures 1031 Exchange 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 InsuranceProperty Taxes Water Source Public Zoning M1- Mixed Use

Listing provided courtesy of The Agency Aspen: (970) 948-8834. Listing information © 2023 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
© 2023 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: 2023-06-05T07:38:31.653.
 
https://bt-photos.global.ssl.fastly.net/aspen/orig_boomver_1_177449-2.jpg https://bt-photos.global.ssl.fastly.net/aspen/orig_boomver_1_177449-2.jpg
Logo
Lane Johnson Team | Compass
625 E Hyman Ave, Suite 104
Aspen CO, 81611