$1,495,000

720 Grand Avenue

Glenwood Springs CO, 81601

Description

Your chance to own a piece of history in downtown Glenwood Springs. 2019 showed a nice solid 5.4 CAP and now with FULL OCCUPANCY, 2020 is on track to have just under an 8 CAP. The King Mall offers the ideal commercial location for pedestrian and drive-by traffic with some of the best visibility and access in downtown Glenwood Springs. Current leases in place include a restaurant, jewelry store, glass shop & spa. Incredible opportunity for a long term investment hold in the heart of one of the Western Slope's fastest growing communities.

Details

MLS#163479
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1903
Days On Site203

Features

SQ Feet6,658
ZoningM2

Market Activity 81601

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Area Information
StateCO
CountyGarfield
CityGlenwood Springs
Zip Code81601
AreaGlenwood
Listing VS Median (in 81601)
Price:
$1,495,000
low | high
Med:
$195,000
100% of Average
SqFt:
6,658
low | high
Med:
1,200
100% of Average
$ / SqFt:
$225
low | high
Med:
$41
100% of Average
On Site:
203
low | high
Med:
478
42.468619246862% of Average
Listing Updated: 09/29/2020
Sean de Moraes LogoMLS Number: 163479
Listing Provided By:
Sean de Moraes  of  Roaring Fork Sothebys International Realty-Glenwood Springs

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Aspen Board of Realtors MLS.