$3,250,000
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2180 MAIN Avenue Durango, CO 81301
Mixed Use
Residence
Beds
2
Baths
...
Bed/Bath
5,591
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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The 2180 Main Ave building presents a rare and compelling opportunity to acquire a meticulously renovated, premier commercial building located in the heart of Durango, Colorado. Boasting a long-term NNN lease with a well-established, successful tenant, this property offers a stable income stream and... an attractive return on investment with a cap rate of 5.2%. The propertyâ??s prime location, coupled with a beautiful building and robust lease structure, makes it an ideal addition for investors seeking to diversify their portfolio with a high-performing asset in a desirable market. Acquired by the current owner in 2006, this commercial building underwent a comprehensive, top-to-bottom renovation that transformed it into a modern, highly functional facility. The property features a substantial 5,591 square feet of heated, finished commercial space, perfectly suited for a variety of business operations. In addition to the primary commercial area, the building also includes an impressive 2,688 square feet of dedicated warehouse space, providing ample storage, logistics, or operational support capabilities. These extensive renovations ensure the building meets contemporary standards and minimizes future capital expenditures for the discerning investor. A key highlight of this investment is the exceptionally strong tenancy. The current tenant, a highly reputable business with a proven track record of over 20 years in the community, is not for sale; rather, this offering focuses solely on the real estate. The tenant currently operates under a robust 5-year NNN (Triple Net) lease agreement. This favorable lease structure places the responsibility for property taxes, insurance, utilities and maintenance squarely on the tenant, thereby minimizing landlord responsibilities and maximizing net operating income for the investor. Furthermore, the lease includes an attractive option for the tenant to extend for an additional 5 years, providing potential for even longer-term income stability and predictability. This established and reliable tenant base significantly de-risks the investment and ensures a consistent cash flow.
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MLS#
829559
Property Type
Mixed Use
Bathrooms
2 Half
Year Built
1982
Square Feet
5,591
sq. ft
Price per Sq. Ft.
$581.29
Lot Size
0.5
Stories
2.0
Sewer
Public Sewer
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