1910 Main Avenue, Durango, CO 81301
sale
$3,600,000
|
Office
Courtesy Of The Wells Group of Durango, LLC
John M Wells, The Wells Group of Durango, LLC, C: 970-749-1440, johnw@wellsgroupdurango.com, wellsdurangorealestate.com: Exceptional Class A Office Building in Prime Downtown LocationDiscover a rare opportunity to own a high-quality, single-level Class A office building in one of Durango s most visible and accessible locations. Situated on the prominent corner of 19th Street and Main Avenue, this 9,746 SF property offers outstanding flexibility for an owner-user, investor, or a combination of both. Originally built in 2000, the building underwent a comprehensive renovation in 2005, converting the former medical layout into modern professional office space. The property has been well maintained and presents a clean, efficient, and highly functional floor plan.Currently occupied by the seller s business, who strongly prefers signing a long-term market rate lease back agreement, provides immediate stability for investors. At market rent, the property is projected to deliver a CAP rate nearing 7%. Whether you re seeking a flagship location for your business, a strong income-producing asset, or a hybrid investment with future flexibility, 1910 Main Avenue presents an outstanding opportunity in the heart of Durango.Key features include:- 9,746 SF single-story building- Excellent downtown Durango location with strong visibility- Multiple exterior entrances, allowing for easy division into multi-tenant configurations- 30+ on-site parking spaces, plus convenient alley access- Corner lot with superior access and exposure- Well-maintained Class A finishes throughout- Currently occupied by the seller s business, strongly prefers signing a long-term market rate lease back agreement, providing immediate stability for investorsAt market rent, the property is projected to deliver a CAP rate nearing 7%Whether you re seeking a flagship location for your business, a strong income-producing asset, or a hybrid investment with future flexibility, 1910 Main Avenue presents an outstanding opportunity in the heart of Durango.
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Property Features
- Age: 21-30 Years Old
- Architecture Style: Other
- MLSID: 830496
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