710 Durant Ave Aspen, CO 81611
- Commercial real estate
- 1,026 SF
- 0.02 lot acres
Current Use by Public Records
- Jour De Fête / Cafe / Restaurant
- Ajax Salon & Spa / Beauty Salon
- Super Relax Spa / Nail Salon
- Alpha Security / Security System Supplier
- Aspen Grog Shop- Order Online! / Liquor Store / Beer Store
Property Details for 710 Durant Ave
- Year built
- 1975
- Lot size
- 0.02 lot acres
- Property size
- 1,026 SF
- Property type
- Commercial real estate
- APN
- 273718242012
- APU
- 273718242012
Description
This exceptional 873-square-foot office space at 710 Durant Avenue, Unit W-5, Aspen, CO presents a rare investment opportunity. Located just one block from the Aspen Mountain gondola, this property boasts stunning north-facing views of Red Mountain and Smuggler Mountain. The building underwent a complete renovation in 2017, ensuring modern amenities and excellent condition. The unit offers convenient elevator access and secure below-grade parking. Currently leased until November 2027 at a below-market rate, this property generates a substantial annual income of $40,467, with a built-in 3% annual rent escalation clause. The tenant is responsible for all HOA fees, real estate taxes, and operating expenses, minimizing the owner's ongoing responsibilities. This turnkey investment is ideal for those seeking a strong return on investment and presents a compelling opportunity for a 1031 exchange. The property's prime location, coupled with its secure lease and attractive financial projections, makes it a highly desirable asset in the competitive Aspen market. Don't miss this chance to acquire a piece of Aspen's thriving commercial real estate landscape.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aspen
- County
- Pitkin
- State
- Colorado
- Longitude
- -106.816
- Latitude
- 39.187
- CBSA code
- 24060
- CBSA name
- GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA
