818 Grand Avenue,  Glenwood Springs CO, 81601

Status: Active
MLS#: 20205344
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Last Updated: 11/26/2020 2:29 PM
Description for 818 Grand Avenue Glenwood Springs, CO 81601
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.
Price
$1,500,000
20205344
Active
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.
Listing Information
Property Type: Other
Assessor MedicalDental
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
25 x 100
M2
Driving Directions
Exit 1-70 to downtown Glenwood Springs. Property is located on the north side of Grand Avenue.
Financial Considerations
$10,456
Listing Price History

Glenwood Springs Real Estate

Glenwood Springs is located in Colorado. Glenwood Springs, Colorado 81601 has a population of 9,678.

The median household income in Glenwood Springs, Colorado 81601 is $56,128. The median household income for the surrounding county is $54,885 compared to the national median of $50,013. The median age of people living in Glenwood Springs 81601 is 38 years.

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This content last refreshed on 11/26/2020 2:29 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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