$1,950,000
$2,049,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
1600 Pine Grove Steamboat Springs, CO 80487
0.57 Acres Lot
Key Details
Sold Price $1,950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision No Defined Development
MLS Listing ID SS6544853
Sold Date 12/30/22
Year Built 1998
Annual Tax Amount $17,412
Tax Year 2020
Lot Size 0.570 Acres
Acres 0.57
Property Description
High quality building with strong leases. Located near Central Park Plaza, UC Health and Barn Village, 1600 Pine Grove presents a compelling opportunity for the investor looking to secure a high quality asset with strong tenants. Anchored by the Yampa Valley Women's Clinic, which occupies the second floor, and Edward Jones on the first floor, the building has strong income and reliable tenants. An additional half of the first floor is currently rented as individual offices/suites, but may be consolidated for a single user or to provide space for a buyer seeking to own their own offices and the income from the other tenants.
Designed by Joe Patrick Robbins, the building features large exterior porches and attractive finishes.
The downstairs interior was recently remodeled, and the office/suite area features a kitchenette, restroom and several suites with sinks installed.
The building is ADA compliant with an elevator servicing the second floor, and has a basement for storage and easy access to the mechanical systems.
The spacious lot has views of the historic barn and Steamboat Ski Area, as well as having room for a potential building expansion. There is ample parking as well.
All lease information included in the listing is believed to be correct but should be verified by the buyer. Leases available to qualified buyers on execution of a confidentiality agreement. CAP rate calculation is based on current rents and there is upside potential based on lease renewals and bringing the office/suites to full market rent.
Some of the small offices may be available for lease. Please inquire.
Location
State CO
County Routt
Area Mountain Area
Interior
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, High Speed Internet Available, Sewer Connected
Water Access Desc Public
Present Use Medical/Dental,Office
Street Surface Paved
Total Parking Spaces 16
Building
Story 2
Sewer Community/ Coop Sewer
Water Public
Others
Tax ID 198300002
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Bought with SSBR No MLS