Address
1485 Florida Road Durango, CO
Price
$ 13,200,000
Property Attributes
  • MLS#787543
  • TypeCommercial
  • CountyLA PLATA
  • CityDurango
  • AreaDurango In Town
  • NeighborhoodEast Anims Vill
  • Zip81301
  • StyleMulti-Use
  • Price$ 13,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage26545
  • Lot Size3.35 Acres
Listing Provided Courtesy Of:
Keller Williams Realty Southwest Associates, LLC
Data Source:
Colorado Real Estate Network (CREN) - 253 - CO
Property Description

East Animas & Florida Commercial Center is offering a majority ownership interest in this Class "A" Building. There are 17 individually deeded Condominium Units that total 26,545 sq ft with over 30,000 sq ft of buildings. Currently 13 Commercial Condominiums are leased, plus 4 residential Condominiums located on over 3.35 acres at the Northeast corner of the City of Durango at the "CR 250 and Florida Road Stoplight". This busy commercial center features neighborhood commercial businesses which include Domino's Pizza, San Juan Regional Medical Center, Salon, Macho's Restaurant, Star Liquor, Engineers, Insurance and Financial Advisors, plus there is adjacent 0.483 acre development parcel approved with plans for a 16 unit residential condominium project. With over 30,000 sq ft of concrete and steel constructed buildings built in 2009 the properties have long term rental history with low vacancy. Current monthly rent is over $37,000 per month gross from the commercial triple net leases, plus $3,400 per month from residential rental agreements. Rents are less than market rates and there is additional revenue available from a residential unit the owner keeps vacant for friends and family that could generate additional $1,600 per month. Potential Total Gross Income currently exceeds $500,000 per year. Call broker for details and do not show property without advance notice with Broker approval.

Price History
10/5/2021 Listed $13,200,000

General Features

Class COMMERCIAL
Heating Gas
New Construction Y/N No
Parking Paved
Status Active
Status Active
Stories 1
Subdivision East Anims Vill
Type Multi-Use
Utilities Electric, Natural Gas
Zoning Commercial

Interior Features

1/2 Baths 9
3/4 Baths 6
Air Conditioning yes
Finished SF 26545
Fixtures Included No
Full Baths 4
Total Rooms 1

Exterior Features

Foundation Concrete
Loading Dock Yes
Lot Dimensions tbd
Lot Size Area 3.35
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 $1.49M
$13.2M
Visits
AVG 32
6
Year Built
AVG 1966
2009

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