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450 Camino Del Rio #209 Unit Durango, CO 81301

For Sale
$310,000

High-Income Office Condo, River Views

Property size:
1,031 SF

Description

Added:
Feb 3, 2025
Days on Market:
314
This exceptional 1,031 square foot Class "A" office condominium in Durango, Colorado presents a compelling investment opportunity. Located on the second floor of a well-maintained building, this unit boasts stunning Animas River views and a highly desirable location within a professional office complex. Currently leased to Shield Insurance through September 30, 2025, with a three-year extension option, this property offers immediate and predictable cash flow. The lease agreement is a Triple Net (NNN) lease, with the tenant responsible for all operating expenses including CAM fees (currently $375 per month, subject to change), utilities, and real estate taxes. The current annual rent is $16,128, increasing 3% annually. The unit features attractive finishes, including floor-to-ceiling windows that maximize natural light and the river views. The layout includes two private offices and an open floor plan, providing flexibility for various professional uses. Building amenities include elevator access, a common area deck, and common area restrooms. Ample, undesignated parking is available, along with high-speed internet access. This turnkey investment property offers a rare combination of passive income, strong tenant occupancy, and a prime location in Durango's thriving professional sector. The consistently high occupancy rate of similar units in this building underscores the long-term stability and potential for appreciation. This is an ideal opportunity for investors seeking a low-maintenance, high-return investment in a desirable Colorado location.

Property Features for 450 Camino Del Rio #209 Unit

General Information

Property type
Office Properties & Spaces
Square Feet
1,031 SF

Property Profile Location Intelligence

Current Use by Public Records

A Better Hearing Center Audiologist Oak Family Dentistry, ... Dentist High Country Optical ... Optical Wholesaler Ashley Qualls, DC Chiropractor Animas Urgent Care Urgent Care Center

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Hotel & Motel Nail Salon Wholesale Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Durango
County
La Plata
State
Colorado
Longitude
-107.8742
Latitude
37.24936

FAQs

What type of property is this?
Office Property / Space - High-Income Office Condo, River Views
Where is this office property / space located?
The property is located at 450 Camino Del Rio #209 Unit Durango, CO.
What is the asking price?
The asking price for this property is $310,000.
More about this property
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