713 Main Avenue | 713 Main Ave
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713 Main Avenue 713 Main Ave
4,600 SF 100% Leased Retail Building Durango, CO 81301 $2,417,400 CAD ($526 CAD/SF)
Investment Highlights
- Historic Downtown Durango Building
- Excellent visability and foot traffic
- Leases in place for Commercial area - Short term leases for 2 apartments
Executive Summary
The unique art deco store front makes this building stand out on Historic Main Avenue. The Curved extended roof, the tile front and large glass and curved glass at the entry to the retail shop are Iconic. The location for retail is exceptional with great visibility and foot traffic, being only steps from the Strater Hotel. The apartments are always in high demand in downtown Durango as well. There is a lease in place for the Mountain Marketplace and the upstairs apartments are now on a short term lease basis. A buyer may want to change the upstairs into an owner occupied apartment or do improvements to the existing apartments that have not been updated for sometime. This building has been in the same Family for over 70 years and is now available for a new caretaker of this fine location.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$12,849
|
$4.59
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,849
|
$4.59
|
Financial Summary (Actual - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $12,849 |
| Annual Per SF | $4.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,849 |
| Annual Per SF | $4.59 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,600 SF
Building Class
C
Year Built
1892
Price
$2,417,400 CAD
Price Per SF
$526 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Opportunity Zone
Yes
Zoning
commercial
Frontage
25 ft on Main Avenue
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R424791 | Total Assessment | $40,341 CAD (2024) |
| Land Assessment | $20,312 CAD (2024) | Annual Taxes | $12,849 CAD ($2.79 CAD/SF) |
| Improvements Assessment | $20,029 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R424791
Land Assessment
$20,312 CAD (2024)
Improvements Assessment
$20,029 CAD (2024)
Total Assessment
$40,341 CAD (2024)
Annual Taxes
$12,849 CAD ($2.79 CAD/SF)
Tax Year
2023
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713 Main Avenue | 713 Main Ave
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