1485 Florida Road
1485 Florida Road Durango, Colorado 81301 United States

$13,200,000
 Get directions
 
East Animas & Florida Commercial Center is offering a majority ownership interest in this Class "A" Building. There are 17 individually deeded Condominium Units that total 26,545 sq ft with over 30,000 sq ft of buildings. Currently 13 Commercial...

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC
$13,200,000
Change Currency
4
Full Baths
9
Partial Baths
26,545 Sq Ft.
Interior
3.35 Acres
Exterior
Commercial
Property type
2009
Year Built
787543
Web Id
787543
MLS ID
East Anims Vill
Subdivision
13
days ago

About 1485 Florida Road

East Animas & Florida Commercial Center is offering a majority ownership interest in this Class "A" Building. There are 17 individually deeded Condominium Units that total 26,545 sq ft with over 30,000 sq ft of buildings. Currently 13 Commercial Condominiums are leased, plus 4 residential Condominiums located on over 3.35 acres at the Northeast corner of the City of Durango at the "CR 250 and Florida Road Stoplight". This busy commercial center features neighborhood commercial businesses which include Domino's Pizza, San Juan Regional Medical Center, Salon, Macho's Restaurant, Star Liquor, Engineers, Insurance and Financial Advisors, plus there is adjacent 0.483 acre development parcel approved with plans for a 16 unit residential condominium project. With over 30,000 sq ft of concrete and steel constructed buildings built in 2009 the properties have long term rental history with low vacancy. Current monthly rent is over $37,000 per month gross from the commercial triple net leases, plus $3,400 per month from residential rental agreements. Rents are less than market rates and there is additional revenue available from a residential unit the owner keeps vacant for friends and family that could generate additional $1,600 per month. Potential Total Gross Income currently exceeds $500,000 per year. Call listing broker for details and do not show property without advance notice with Broker approval.

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC, CREN MLS

PROPERTY INFORMATION

Heating
Natural Gas
Parking Description
Paved

ADDITIONAL INFORMATION

Number of Units
1
Listing Courtesy of Keller Williams Realty Southwest Associates, LLC

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2017. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.

FULL CREN Disclaimer

Real Estate listings held by companies other than CREN contain that company's name.

FULL CREN Disclaimer
Contact Agent