$2,500,000

23 Mel Rey Road

Glenwood Springs CO, 81601

Description

Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portion or owner occupy with fuel sales approved. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income.Projected NOI ~$150k**

Details

MLS#172404
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1965
Days On Site45

Features

SQ Feet2,120
ZoningM1- Mixed Use
Chris Flynn LogoMLS Number: 172404
Listing Provided By:
Chris Flynn  of  The Agency Aspen
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Area Information
StateCO
CountyGarfield
CityGlenwood Springs
Zip Code81601
AreaGlenwood
Listing VS Median (in 81601)
Price:
$2,500,000
low | high
Med:
$579,000
100% of Average
SqFt:
2,120
low | high
Med:
1,386
84.622641509434% of Average
$ / SqFt:
$1,179
low | high
Med:
$452
100% of Average
On Site:
45
low | high
Med:
82
54.878048780488% of Average
Sourced by Back At You
Listing Updated: November 28, 2021 8:03:49 PM PST

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