$352.88 Per Sq Foot $1,745 est/mo Sourced by Back At You

450 S Camino Del Rio #203,Durango, CO 81301

Durango CO, 81301

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Description

Good long term investment goes up every year and secured with a 921 sq ft business condominium professional medical office on 2nd level with long term lease to Orthodontists of SW Colorado. Currently for leased for $1,456.00 per month Triple Net until December 31, 2024 with a 3 year option to renew. Office has been used as a Dentist office for over 15 years with 1/2 bath and very nice finish. The 2023 $17,472 per year "Triple Net" income increases 3% annually on January 1st of each year. Elevator access, Common area deck, common restrooms, plenty of non designated parking spaces, and high speed internet access. Priced below the cost of construction this opportunity is the first time on the market since built and will be a safe long term investment for any investor in a quality Class "A" Building with on site management and is shared with many medical and professional businesses.

Details

MLS#800481
Listing TypeFor Sale
StyleOffice Building
Sub-TypeResale
StatusActive
Days On Site498
Listing Provided ByKeller Williams Realty Southwest Associates, LLC | Scott Kurlander

Features

Bath(s) 1 Total
SQ Feet921
Story(s)1
Units1
ZoningCommercial

Market Activity 81301

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Listings Checked: 1 minute ago
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$325,000
low | high
Med:
$742,000
78.307692307692% of Average
SqFt:
921
low | high
Med:
2,214
90.390879478827% of Average
$ / SqFt:
$353
low | high
Med:
$357
48.849793125699% of Average
On Site:
498
low | high
Med:
68
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 12:49:10 AM PDT