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Charlie Dresen
Helping you navigate real estate in Steamboat
Steamboat Sotheby's International Realty

Property Details

2754 Downhill Drive Photo
$899,000 Calculate Mortgage

2754 Downhill Drive Steamboat Springs, CO 80487
Elk River Area

  • N/A
  • N/A
  • Income
  • Commercial
  • 7,195 sqft
  • 1995
  • 8412708

Description

Real estate investment property consisting of 3 of the 5 total condos in the Dover Building. Just west of Steamboat, this location offers good visibility in a high traffic area from well traveled Elk River Road. Total of 7,195 SF, one solid tenant in place with ample parking. Below market rent in place with tremendous upside potential when lease renews or new tenants. Cash flows at 7% cap rate with lease in place. Main level is home to functional training facility and a health and nutrition bar along with two restrooms, two overhead doors and several windows with great sunlight. On the mezzanine level there are three finished offices, approximately 1,000 SF of flexible open area and additional storage space. Exterior was just re-stuccoed, painted and parking lot striped. Keep current tenants in place for worry free, income producing property. Tenants manage all expenses and HOA. Excellent option for your 1031 exchange client or part time resident looking for a worry free investment.

More Property Info Close

  • Yes
  • Other
  • DAVID BARNES
  • Colorado Group Realty
  • Michelle Barnes

Map (Comparable Listings Shown)

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