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555 Rivergate Lane #B2-136 , B2-136

Durango, CO 81301
  • $375,000
  • STATUS: Active
  • ON SITE: 148 Days
  • MLS #: 789236
UPDATED: 65 min ago
$375,000
  • 0
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,215
    SQFT
  • $309
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2004
County:

School Ratings & Info

Listing courtesy of Keller Williams Realty Southwest Associates, Llc.


Description

This main level RETAIL OFFICE BUSINESS CONDO in the Rivergate Complex with long term tenant is a good investment property. Large open room works well for retail, classroom training center, yoga studio, fitness center, etc. 1,215 FINISHED gross sq. ft.. Built in 2004. Rented at $1,916 per month NNN, to a national tenant through March 31, 2024 with the right to extend. Lease is "Triple Net", plus electric utilities, plus $409.68 per month C.A.M. fees (which includes the water, sewer, trash, common area maintenance, hot water, heating & cooling), plus 1/12th of the taxes ($288.09 per month). "Class A" Commercial facility with easy access & parking, plus 2 garage spaces. Good for 1031 Deferred Tax Exchange and/or investment.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Western Slope Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-16T13:56:48.29.
www.lovewhereyouliveco.com/homes/124158938
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555 Rivergate Lane #B2-136 , B2-136 Durango, CO 81301

  • Price: $375,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 65 min ago
  • MLS #: 789236
0
Beds
1
Baths
0
½ Baths
N/A
Acres
1,215
SQFT
$309
$/SQFT
2004
Built
Neighborhood:
Rivergate Lofts
County:
La Plata
Area:
Durango In Town
Property Description
This main level RETAIL OFFICE BUSINESS CONDO in the Rivergate Complex with long term tenant is a good investment property. Large open room works well for retail, classroom training center, yoga studio, fitness center, etc. 1,215 FINISHED gross sq. ft.. Built in 2004. Rented at $1,916 per month NNN, to a national tenant through March 31, 2024 with the right to extend. Lease is "Triple Net", plus electric utilities, plus $409.68 per month C.A.M. fees (which includes the water, sewer, trash, common area maintenance, hot water, heating & cooling), plus 1/12th of the taxes ($288.09 per month). "Class A" Commercial facility with easy access & parking, plus 2 garage spaces. Good for 1031 Deferred Tax Exchange and/or investment.
Exterior Features

Lot Dimension Na Parking PavedOff Street Parking Spaces 2 Sewer Sewer Tap Paid Stories 1 Street Description City/TownPaved Water Tap Installed Paid Water Well No Waterfront YN No

Interior Features

Cooling Yes Finished Sq Ft 1215 Heating Fuel Source Natural Gas Loading Dock No Office Sq Ft 1215 One Quarter Baths 0

Property Features

Books Available No Cam Yes Cap Rate Percent 5 Covenants Yes Current Business Labcor Medical Testing Current Use Retail Storefront Desc Of Business Medical Testing Lab Existing Utilities ElectricNatural GasPhoneSepticWater Fixtures Included No Gross Annual Expenses 5000 Gross Scheduled Income 23000 Inventory Included No Lease Included Yes Monthly Cam Charges 409.68 Monthly Insurance Charges Tbd Net Operating Income 18000 New Construction YN No Owners Association No Possible Property Use Retail Storefront Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 3457.08 Type Office Type Of Sale N/A Vacancy Factor Prcnt 0 Variable Rate Yes Water Rights No Zoning Type Commercial

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Western Slope Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-16T13:56:48.29.
 
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Western Slope Real Estate
1338 Grand Ave, Suite 313
Glenwood Springs CO, 81601
Listing courtesy of Keller Williams Realty Southwest Associates, Llc.