Jason Millward - Coldwell Banker Distinctive Properties

IQWeb_Description

Real estate investment property consisting of 3 of the 5 total condos in the Dover Building. Just west of Steamboat, this location offers good visibility in a high traffic area from well traveled Elk River Road. Total of 7,195 SF, one solid tenant in place with ample parking. Below market rent in place with tremendous upside potential when lease renews or new tenants. Cash flows at 7% cap rate with lease in place. Main level is home to functional training facility and a health and nutrition bar along with two restrooms, two overhead doors and several windows with great sunlight. On the mezzanine level there are three finished offices, approximately 1,000 SF of flexible open area and additional storage space. Exterior was just re-stuccoed, painted and parking lot striped. Keep current tenants in place for worry free, income producing property. Tenants manage all expenses and HOA. Excellent option for your 1031 exchange client or part time resident looking for a worry free investment.

IQWeb_Details

IQWeb_MLS8412708
IQWeb_StyleIQWeb_Industrial
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Year1995
IQWeb_Days_on_Site163

IQWeb_Features

IQWeb_SQ_Feet7,195
IQWeb_Storys1
IQWeb_Units3
IQWeb_ZoningCommercial

IQWeb_Market_Activity 80487

Loading Form

Loading Form

IQWeb_Area_Information

IQWeb_StateCO
IQWeb_CountyRoutt
IQWeb_CitySteamboat Springs
IQWeb_Zip_Code80487
IQWeb_AreaRoutt
Listing VS Median (in 80487)
Price:
$899,000
low | high
Med:
$627,000
80.255839822024% of Average
SqFt:
7,195
low | high
Med:
0
100% of Average
$ / SqFt:
$125
low | high
Med:
$0
100% of Average
On Site:
163
low | high
Med:
267
61.048689138577% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 8412708
IQWeb_Listing_Provided_By:
DAVID BARNES  IQWeb_of  COLORADO GROUP REALTY
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Coldwell Banker Distinctive Properties - The Steamboat Luxury Teamname are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently
Full RE Colorado Disclaimer