Property profile

117 Spg Stb Aspen, CO 81611

OFF-MARKET
Commercial real estate
Property ID
US13-0849847
671 SF 0.02 ac lot Built 1979
Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 117 Spring Street, Units A & B in the heart of Aspen, Colorado, presents a rare investment opportunity. The property encompasses a total of 1,708 square feet of street-level commercial space, ideally situated for a variety of business ventures. Its downtown Aspen location ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a prominent presence in this vibrant and affluent community. The zoning regulations allow for a diverse range of commercial uses, providing flexibility for potential buyers. This presents a unique chance to acquire an entire building in a highly sought-after area. The property's prime location, combined with its versatile zoning, makes it an excellent investment for both established businesses and discerning investors seeking a high-return asset in a world-renowned destination. The building's street-level accessibility enhances its appeal to customers and ensures optimal visibility. This is a truly exceptional opportunity to own a piece of Aspen's thriving commercial landscape. For further details regarding zoning and permitted uses, interested parties are encouraged to conduct their own due diligence. This property is offered at $3,395,000. Additional information can be found under MLS #176578.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1979
Total area 671 SF
Lot 0.02 ac (671 SF)
APN 273707332009
UPID US13-0849847

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation
  • Hair Salon Nail Salon
  • Accounting Firm Tax Preparation
  • Financial Advisor
  • Insurance Agency

Location

117 Spg Stb Aspen, CO 81611-2068
Aspen metro Census 404 GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2014
2 recorded transactions
2015
Price N/A
2014
$560,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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