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    411 S Monarch Street , Unit C-1

    Aspen, CO 81611
    • $3,200,000
    • STATUS: Active
    • ON SITE: 21 days
    • MLS #: 166427
    UPDATED: 53 min ago
    $3,200,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,952
      SQFT
    • $1,084
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2009
    County:

    School Ratings & Info

    Description

    Located in The Dancing Bear Residences in downtown Aspen, Colorado, this class A restaurant space is just three blocks from the Aspen Mountain Gondola. The Investment offers an excellent opportunity to own a stabilized, income-driven, commercial space with a seasoned operator with over 10 years of historical tenancy. The current tenant is The Monarch Steak House, a fine dining restaurant operated by CP Restaurant Group. The current lease expires in September 2025, but may be extended by two, five-year extension options -the second at market terms. Offering Memorandum is available after execution of an NDA.

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    © 2020 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Western Slope Real Estate.

    Data last updated: 2020-09-26T13:38:39.187.
    www.lovewhereyouliveco.com/homes/109708088
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    411 S Monarch Street , Unit C-1 Aspen, CO 81611

    • Price: $3,200,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 166427
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    2,952
    SQFT
    $1,084
    $/SQFT
    2009
    Built
    Neighborhood:
    Dancing Bear Residences
    County:
    Pitkin
    Area:
    01-Central Core
    Property Description
    Located in The Dancing Bear Residences in downtown Aspen, Colorado, this class A restaurant space is just three blocks from the Aspen Mountain Gondola. The Investment offers an excellent opportunity to own a stabilized, income-driven, commercial space with a seasoned operator with over 10 years of historical tenancy. The current tenant is The Monarch Steak House, a fine dining restaurant operated by CP Restaurant Group. The current lease expires in September 2025, but may be extended by two, five-year extension options -the second at market terms. Offering Memorandum is available after execution of an NDA.
    Interior Features

    Building Sq Ft 1.001 - 5000 Unit Sq Ft 2952.00 Unit Sq Ft Range 2001 - 3000

    Property Features

    Major Area Aspen Net Operating Income 139693.00 Number Of Units 1 - 5 Units REO No Tax Year 2019 Taxes 1.00 Transfer Tax Yes Type Commercial Under Construction No Year Remodeled 2015.00 Zoning Commercial

    Listing provided courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall. Listing information © 2020 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
    © 2020 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Western Slope Real Estate.

    Data last updated: 2020-09-26T13:38:39.187.
     
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    Western Slope Real Estate
    1338 Grand Ave, Suite 313
    Glenwood Springs CO, 81601