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145 E College Dr 4,716 SF 100% Leased Retail Building Durango, CO 81301 $2,617,350 CAD ($554.99 CAD/SF) 4.30% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Currently three leased spaces with possibility of reconfiguration
  • Building is well maintained by both owner and tenants
  • Steps away from College Drive and Main Avenue in downtown Durango

EXECUTIVE SUMMARY

The Sunburst building is steps away from the vibrant crossroads of College Drive/ Main Ave. and one short block to the historic Durango-Silverton train depot. The train attracts 225,000 yearly passengers and contributes $525,000,000+ to our local economy. This dynamic building is prime for redevelopment or long term investment. The building has been very well maintained by the owners and tenants, and enjoys a long history of stable occupancy with three renovated leased spaces, two at street level and one upstairs (the businesses are not for sale). There are options to reconfigure the space for more units or merge for larger spaces. The attractive exterior presents unparalleled street and passerby visibility with large showcase windows and lighted space for signage.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,716 SF
Building Class
C
Year Built
1948
Price
$2,617,350 CAD
Price Per SF
$554.99 CAD
Cap Rate
4.30%
NOI
$112,546 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Frontage
42’ on E College Dr

AMENITIES

  • Bus Line
  • Corner Lot
  • Signage
  • Tenant Controlled HVAC
  • Accent Lighting
  • Air Conditioning
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Vectra Bank
Denny's
Applebee's
Bank of Colorado
Albertsons
Starbucks
CrossFit
Natural Grocers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R024654
Land Assessment
$159,805 CAD
Improvements Assessment
$388,080 CAD
Total Assessment
$547,885 CAD
  • Listing ID: 32044664

  • Date on Market: 2024-06-06

  • Last Updated:

  • Address: 145 E College Dr, Durango, CO 81301

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