Address
643 Main Avenue Durango, CO
Price
$ 3,495,000
Property Attributes
  • MLS#765952
  • TypeCommercial
  • CountyLA PLATA
  • CityDurango
  • AreaDurango In Town
  • NeighborhoodCity of Durango
  • Zip81301
  • StyleMulti-Use
  • Year Built1925
  • Taxes$ 34669
  • Price$ 3,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage20075
  • Lot Size0.45 Acres
Listing Provided Courtesy Of:
SCB and Associates
Data Source:
Colorado Real Estate Network
Property Description

Located in the heart of thriving downtown Durango, this 20,075 sq. ft. commercial building is a great opportunity to own a mixed-use income property. This historical building was owned and occupied by Adolph Coors until 1915 and finished in 1925. It is located directly south of the famous Strater Hotel. This historical property boasts a great location with retail store frontage right on Main Avenue for excellent exposure. The world-renowned Henry Strater Theater is one of the oldest and most prestigious continually running theaters in Colorado and the United States, offering more than 50 years of performances. Formally known as the Diamond Circle Theater, the theater has been extensively renovated with top-of-the-line stage lighting and surround-sound. This intimate and prestigious venue operates year-round as a theater and community space. The property also offers seven storage units of various sizes in the rear of the Coors Building and the Black Awning Building. The corridor exits through a steel man door to the concrete patio area, gated access to the rooftop, and parking off the alley. There are also three office units that are accessed either from Main Avenue or the security gated rooftop. Two of the units overlook Main Avenue with picture windows. This property also includes five hotel rooms leased by the Strater hotel and accessed from the interior of the Strater hotel. Fire-rated doors separate the Melodrama Building from the Strater Hotel and the Coors Building. Emergency exit to the subject Coors Building and security cameras notify the front desk upon its opening. Last but not least, the second floor manager’s apartment is a one bedroom, one bathroom with an open loft kitchen and living room. The kitchen and living room have hardwood floors, and the bathroom has marble wainscot. The kitchen has wood counter tops, cabinets, and island. The kitchen has a gas stove, dishwasher, and stainless steel dual basin sink. Don't miss this rare opportunity to own a fantastic historical income property located right in downtown Durango!

Price History
1/18/2020 Listed $3,950,000
12/31/2020 12% - $3,495,000

General Features

Available Utilities Cable, Electric, Internet, Natural Gas, Other, Phone, Sanitary Sewer, Water
Class COMMERCIAL
Cooling Evaporative Cooler, Other
Flooring Carpet, Concrete, Laminate, Wood
New Construction Y/N No
Parking 2-10 Total Spaces, In Rear of Building, On Street
Property Description Other
Roof Built Up, Membrane
Sewer Public Sewer Available, Public Sewer Installed
Status Active
Status Active
Stories 2
Subdivision City of Durango
Type Multi-Use
Utilities Electric, Internet, Natural Gas, Other, Phone, Sanitary Sewer, Water
Zoning COMMERCIAL

Interior Features

1/2 Baths 1
Finished SF 2075
Fixtures Included No
Full Baths 9
Heating Forced Air, Other
Total Rooms 17

Exterior Features

Carport No
Domestic Water Public
Foundation Basement-Unfinished
Lot Dimensions 199x100.5x199x100.5
Lot Size Area 0.45
Railroad Siding/spur No
Water Rights/irrig. No
Waterfront No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 81301

Price
AVG $1.11M
$3.5M
Taxes
AVG $8,119
$34,669
Visits
AVG 32
68
Year Built
AVG 1967
1925
Walkscore
AVG 57
89
Data Provided by Walkscore ® not using MLS data

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