2754 Downhill Drive
Steamboat Springs, CO 80487

Description

Real estate investment property consisting of 3 of the 5 total condos in the Dover Building. Just west of Steamboat, this location offers good visibility in a high traffic area from well traveled Elk River Road. Total of 7,195 SF, one solid tenant in place with ample parking. Below market rent in place with tremendous upside potential when lease renews or new tenants. Cash flows at 7% cap rate with lease in place. Main level is home to functional training facility and a health and nutrition bar along with two restrooms, two overhead doors and several windows with great sunlight. On the mezzanine level there are three finished offices, approximately 1,000 SF of flexible open area and additional storage space. Exterior was just re-stuccoed, painted and parking lot striped. Keep current tenants in place for worry free, income producing property. Tenants manage all expenses and HOA. Excellent option for your 1031 exchange client or part time resident looking for a worry free investment.

Details

MLS#8412708
StyleIndustrial
Sub-TypeResale
StatusActive
Year1995
Days On Site134

Features

SQ Feet7,195
Story(s)1
Units3
ZoningCommercial

Market Activity 80487

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Area Information

StateCO
CountyRoutt
CitySteamboat Springs
Zip Code80487
AreaRoutt
Listing VS Median (in 80487)
Price:
$899,000
low | high
Med:
$625,000
80.478309232481% of Average
SqFt:
7,195
low | high
Med:
1,760
100% of Average
$ / SqFt:
$125
low | high
Med:
$355
100% of Average
On Site:
134
low | high
Med:
50
100% of Average
Listing Updated: 07/16/2018
MLS Number: 8412708
Listing Provided By:
DAVID BARNES  of  COLORADO GROUP REALTY
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