818 Grand Avenue

Glenwood Springs, CO 81601

About this property

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.

Date Added
October 23, 2020
Listing Status
1
Days On Site
41
MLS#
20205344

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
IQWeb_
Sub-Type
Resale
Year
Garage
0
Pool
No
Story(s)
0
Property View
No
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$1,500,000 1
0 Beds
0
Baths
3,405 SQFT

Presented By Becca Posner

CBC Prime Properties

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Get in touch today! Phone: (970) 424-2281
License #FA100069180
Brokerage
CBC Prime Properties
(970) 243-7375
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Area Information

Other Area | County |

$ 1,500,000
This listing is play_arrow 98.7% higher than the average in the area
$ 755,000 in the area
3,405 SqFt
This listing is play_arrow 33.3% larger than the average in the area
2,555 SqFt in the area
$ 441 $/SqFt
This listing is play_arrow 47.0% more than the average in the area
$ 300 $/SqFt in the area
41 days on site
This listing is play_arrow 64.0% below the average in the area
114 days on site in the area

Schools in the Area

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