Aspen Real Estate

Listed at $8,495,000.00
Location: Aspen
Type: Commercial
MLS: 161018
Sq Ft: 4854
Built in 1975

This opportunity represents one of the best income investments in the market. The property consists of two commercial units located just a block from the gondola and next to City Market Grocery (Kroger). The proximity to the only grocery store in the downtown core brings in high traffic every day of the year. The new W Hotel just opened across the street on the opposite side of the grocery. The tenants are The Grog Shop (liquor and wine store) and Jour de Fete (Café). Both are well established local businesses. The Durant Mall has undergone a major renovation and the seller has paid all of the special assessments for the project. Both tenants have leases in place until 2025 and the rents increase annually to provide a built in inflation hedge on the investment.