Skip To Content

23 Mel Rey Road

Glenwood Springs, CO 81601
  • $2,500,000
  • STATUS: Active
  • ON SITE: 102 Days
  • MLS #: 172404
$2,500,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,120
    SQFT
  • $1,179
    $/SQFT
Neighborhood:
None
Type:
Commercial
Built:
1965
County:
Garfield
Area:
09-West Of Glenwood

School Ratings & Info

Visit GreatSchools.org

Description

Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portion or owner occupy with fuel sales approved. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income.Projected NOI ~$150k**

Monthly Payment Calculator

© 2022 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 Roaring Fork Valley Homes | Compass.

Data last updated: 2022-01-24T23:38:31.23.
www.roaringforkvalleyhomes.com/homes/122381272
Print Image

23 Mel Rey Road Glenwood Springs, CO 81601

  • Price: $2,500,000
  • Status: Active
  • On Site: 102 Days
  • MLS #: 172404
0
Beds
0
Baths
0
½ Baths
0.47
Acres
2,120
SQFT
$1,179
$/SQFT
1965
Built
Neighborhood:
None
County:
Garfield
Area:
09-West Of Glenwood
Property Description
Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portion or owner occupy with fuel sales approved. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income.Projected NOI ~$150k**
Exterior Features

Access Paved Construction BrickConcrete BlockPoured ConcreteSteel/Metal Location Amenities Corner LotHigh Traffic LocHigh VisibilityHighway AccessIntersection Parking Area 11 - 20 Spaces Roof Membrane Substructure Slab

Interior Features

Building Sq Ft 1.001 - 5000 Heating And Cooling Central AcGas Unit Sq Ft Range 2001 - 3000

Property Features

Allowable Uses HospitalityHotel/LodgeIncomeIndustrial - HeavyIndustrial - LightMixed UseMulti-Family ResOfficeOtherRestaurant/BarRetailSingle Family ResWarehouse Auction No Condition Good Condominiumized No Current Use Gas/AutomotiveRetail Store Disclosures 1031 Exchange Documents On File Survey/Ilc Electric Yes Foreclosure No Gas Natural Gas Major Area Glenwood Mineral Rights No Number Of Units 1 - 5 Units Occupant 5+ YearsOption To RenewTenant Occupied Owner Pays Building InsuranceExterior Maintenance Possession DodSubject To Lease REO No Sanitation Sewer Short Sale No Tax Year 2020 Taxes 9707.48 Tenant Pays Annual EscalationBuilding InsuranceElectricGasInterior MaintenanceProperty TaxesSewerTrashWater Terms Offered Cash Transfer Tax No Type Commercial Water City Water Rights No Zoning M1- Mixed Use

Listing provided courtesy of The Agency Aspen. Listing information © 2022 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
© 2022 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 Roaring Fork Valley Homes | Compass.

Data last updated: 2022-01-24T23:38:31.23.
 
https://bt-photos.global.ssl.fastly.net/aspen/orig_boomver_1_172404-2.jpg https://bt-photos.global.ssl.fastly.net/aspen/orig_boomver_1_172404-2.jpg
Logo
Roaring Fork Valley Homes | Compass
790 East Valley Road
Basalt CO, 81621