$4,200,000
$4,200,000
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863 & 871 Main Avenue Durango, CO 81301
6 Baths
26,813 SqFt
Key Details
Sold Price $4,200,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 26,813 sqft
Price per Sqft $156
Subdivision City Of Durango
MLS Listing ID 804830
Sold Date 10/15/24
Half Baths 6
Year Built 1901
Annual Tax Amount $36,838
Tax Year 2022
Lot Size 0.370 Acres
Acres 0.37
Property Description
This building has been owned by the same family for over half of the building’s 122 years. Located on one of highest traffic corners in historic downtown Durango. This fine building is comprised of four retail spaces, currently occupied by Browns Shoe Fit Company, Urban Market retail, Urban Market Home Decor and Gardenswartz Sporting Goods. The upstairs has multiple smaller offices with wide hallways, sitting areas and common restrooms. Many of the offices have large windows on the East, North and West sides of the building. The building is being sold at a very competitive cap rate based on the historic rental rates. The building does not have ADA access to the office spaces based on the age of construction.
Location
State CO
County La Plata
Interior
Heating boiler
Cooling Evaporative Cooler
Flooring Carpet, Wood
Furnishings Unfurnished
Exterior
Garage None
Utilities Available Electric, Natural Gas, Sanitary Sewer, Water
Waterfront No
Roof Type Built Up
Building
Story 2
Foundation Concrete, Stone
Sewer Public Sewer Installed
Water Public
New Construction No
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