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725 E College Drive C2 Durango CO Real Estate

Downtown convenience! This commercial condo/office is located on the second floor of the College Drive Loft building.There are 10 residential units in the complex with 2 commercial units one office (C-2) on the upper level, and one light retail (C-1) on the main level.Unit C-1 commercial light retail store is offered for sale at $255,000. Please see the MLS #798350. OFFICE CONDO: This office condo has extra windows with plenty of sunshine due to the end unit location. The seller installed solid hardwood floors in the hallway, and one of the offices, and the rest is wall to wall carpet. The condo is separated into 3 offices with windows in each space. The bathroom with a walk-in shower is located in the hallway. The property also has central air conditioning. LEASES:The current lease expires on April 30, 2023; however, the tenant would love to stay for a couple more years. The current rent is at $2475/month including utilities for two commercial units C1 (light retail) and C-2 (office condo). Please know that the Aspen Design business, the current tenant, is not for sale!PARKING: The unit does not have an assigned parking space, but there are 10 parking spaces in the common area offered during the business hours on a first come basis. Located along the city transit route, just eight blocks from downtown, two blocks from trail access leading into 1000+ acres of hiking and biking with open space; across from Durango Natural Foods and Durango Joe's Coffee Shop, and close to Fort Lewis College, this property allows for so many opportunities! The HOA dues are at $215 per month including water, sewer and trash for the unit. The HOA dues also cover exterior insurance, snow removal, and landscaping for the common area. Buyer to pay a one-time fee of $250 for the working capital fund at the closing. Great investment property for 1031 exchange, accounting business, wellness office, etc. COME SEE HOW THIS OPPORTUNITY CAN WORK FOR YOU!