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Sold August 2020 for $6.325mm
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Sold in July, 2020 for $2.65mm.
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Sold For $7,450,000
This opportunity represents one of the best income investments in the market. The property consists of two commercial units located just a block from the gondola and next to City Market Grocery (Kroger). The proximity to the only grocery store in the downtown core brings in high traffic every day of the year. The new W Hotel just opened across the street on the opposite side of the grocery. The tenants are The Grog Shop (liquor and wine store) and Jour de Fete (Café). Both are well established local businesses. The Durant Mall has undergone a major renovation and the seller has paid all of the special assessments for the project. Both tenants have leases in place until 2025 and the rents increase annually to provide a built in inflation hedge on the investment.
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Rare top floor, 1260 sq ft, three bedroom, three bath, Cottonwoods condo with south facing Aspen Mountain views on a quiet block. Fully furnished and beautifully decorated with quality finishes. Just three blocks to downtown. Additional amenities include onsite parking, private balcony, wood burning fireplace and storage locker. Pets allowed for owners.
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