$1,500,000
818 Grand Avenue,
Glenwood Springs CO, 81601
Description
Great Investment Opportunity!! located in the Historical District of Glenwood Springs. Owner is currently remodeling building into a high-end Class A Medical office. The owner will lease back the building for 10 years with a personal guarantee at a 7% caprate. Base rent starts at $32/sf with built in escalators. The owner will start paying rent as soon as the building has been finished and ready for occupancy but no later than summer 2021. The owner is an established dental/oral surgeon with 20 + years in practice. He is expanding to GW because of the unfulfilled demand for his services. Currently, there are no other investments like this one Note: The interior photos are examples of what the finished product will look like when completed.
Details
| MLS# | 20205344 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 128 |
Features
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| Area Information | |
|---|---|
| State | CO |
| City | Glenwood Springs |
| Zip Code | 81601 |
| Area | Other Area |
| Listing VS Median (in 81601) | |
Price: $1,500,000 low | high Med: $1,500,000 On Site: 128 low | high Med: 128 | |
Listing Updated: February 27, 2021 6:13:51 PM PST
Listing Provided By: BECCA POSNER of COLDWELL BANKER COMMERCIAL PRIME PROPERTIES