Address
1600 Pine Grove Steamboat Springs, CO
Price
$ 2,049,000
Property Attributes
  • MLS#6544853
  • TypeCommercial
  • CountyROUTT
  • CitySteamboat Springs
  • Zip80487
  • StyleDetached
  • Year Built1998
  • Taxes$ 17412
  • Price$ 2,049,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4224
  • Lot Size0.57 Acres
Listing Provided Courtesy Of:
COLORADO GROUP REALTY
Data Source:
REColorado (MTOMLS) - 6 - CO
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.

Price History
4/30/2021 Listed $2,100,000
7/23/2021 3% - $2,049,000

General Features

Architectural Style Detached
Attached Garage No
Carport Spaces 0.0
Carport Y/N No
Current Use MedicalDental
Electric Item110Volts
Garage Spaces 0.0
Garage Y/N No
Levels Two
Property SubType Office
Property Type CommercialSale
Sewer CommunityCoopSewer
Total Units 3
Zoning Community Commercial

Exterior Features

Building Area Total 4224.0
Covered Spaces 0.0
Lot Features NearPublicTransit
Lot Size Acres 0.57
Lot Size Area 0.57
Lot Size Square Feet 24829.0
Lot Size Units Acres
Road Frontage Type PublicRoad
Road Surface Type Paved
Total Parking 16.0
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80487

Price
AVG $2.39M
$2.05M
Taxes
AVG $13,877
$17,412
Visits
AVG 24
4
Year Built
AVG 1991
1998
Walkscore
AVG 48
53
Data Provided by Walkscore ® not using MLS data

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