Michael Thompson - Coldwell Banker Distinctive Properties
2754 Downhill Drive
Steamboat Springs, CO 80487

Description

Sale and Leaseback Opportunity. Truly a hands off investment and excellent revenue generating property. This investment consists of 3 of the 5 total condos in the Dover Building. West of downtown Steamboat, this location offers good visibility in high traffic area. Total of 7,195 SF, one solid tenant in place with ample parking. Competitive market rent in place with tremendous upside potential. Cash flows at 7.5% cap rate with lease in place. Main level is home to a functional training facility and a health and nutrition bar along with two restrooms, two overhead doors and several windows with great sunlight. On the mezzanine level there are three finished offices, approximately 1,000 SF of flexible open area and additional storage space. Seller maintains excellent exterior improvements. Keep current tenant in place for a hands off, income producing investment. Tenant manages all expenses and HOA. Excellent option for your 1031 exchange client or part time resident.

Details

MLS#8412708
StyleIndustrial
Sub-TypeResale
StatusActive
Year1995
Days On Site280

Features

SQ Feet7,195
Story(s)1
Units3
ZoningCommercial

Market Activity 80487

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Area Information

StateCO
CountyRoutt
CitySteamboat Springs
Zip Code80487
AreaRoutt
Listing VS Median (in 80487)
Price:
$899,000
low | high
Med:
$575,000
86.040044493882% of Average
SqFt:
7,195
low | high
Med:
0
100% of Average
$ / SqFt:
$125
low | high
Med:
$0
100% of Average
On Site:
280
low | high
Med:
111
100% of Average
Listing Updated: 12/09/2018
MLS Number: 8412708
Listing Provided By:
DAVID BARNES  of  COLORADO GROUP REALTY
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