1063 Main Avenue #See remarks Unit See remark
Durango, CO 81301

Low-maintenance turn-key investment opportunity in the heart of Downtown Durango! This nicely restored retail bay, which hosts Durango's beloved Mac Ranch (Apple Dealer) store, has previously been condominiumized to also include two other individually rented offices and a restroom, as well as a larger office suite comprising a separate parcel number and direct rear entrance as well. The HOA fees include all HVAC and Roof maintenance and replacement costs. The Owner has very little, to no repairs and maintenance to deal with and there is an on-site manager to handle most all issues. This ground-level property has been incorporated into the Crossroads Durango mixed-use building, and as such, tenants and owners enjoy all of the associated benefits and amenities provided by the Owners Association. See attached for a list of these noteworthy benefits. THREE (3) dedicated and assigned parking spaces are included in this price. All four tenants have strong leases in place to transfer to the buyer with an approximate 6% CAP rate. Contact agent for a complete packet with a signed NDA.