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725 E College Drive C1 Durango CO Real Estate

Downtown convenience! This commercial retail store is located on the main level of the College Drive Loft building offering excellent exposure.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-2 commercial office condo is offered for sale at $245,000. Please see the MLS #798349. RETAIL STORE: This retail store has double glass doors, big windows, and one enormous showroom for many possibilities. The seller installed beautiful wood floors and a track lighting system. There is a half bathroom located in the back of the showroom. 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, builders showroom/office, architectural office/showroom, etc. COME SEE HOW THIS OPPORTUNITY CAN WORK FOR YOU!