Glenwood Springs Real Estate
23 Mel Rey Road, Glenwood Springs
Listed at $2,400,000.00
Location: Glenwood Springs
Type: Commercial
MLS: 177449
Sq Ft: 2120
Acres: 0.47
Built in 1965
Income, Lease, Develop. Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portion or owner occupy. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income. Projected NOI ~$150k**
Location: Glenwood Springs
Type: Commercial
MLS: 177449
Sq Ft: 2120
Acres: 0.47
Built in 1965
Income, Lease, Develop. Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portion or owner occupy. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income. Projected NOI ~$150k**
Listing information courtesy of The Agency Aspen - Chris Flynn - (970) 429-4255