Active

23 Mel Rey Road

Glenwood Springs CO, 81601

$2,250,000


$1,061.32 per sqft

Active

2,120 sqft

Commercial

Built in 1965

Income, Lease, Develop. Great investment opportunity in West Glenwood with high visibility. 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, there is the ability to further develop on the remaing vacant portion of the property.

Projected NOI ~$150k**

177449

MLS ID

December 21, 2023

Listed

November 22, 2024

Updated

Map

23 Mel Rey Road
Glenwood Springs CO, 81601

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.47 Acres


Lot Features

Corner Lot


Roof

Membrane

Other Property Details

Area Name

Glenwood Springs


Taxes

$9,707


Tax Frequency

Annually


Garage

No


View

No


County

Garfield


Water Source

Public


Pool

No


Zoning

M1- Mixed Use

Listing History

Date

Event

Price

8/22/2024

Price change

$2,250,000

-7%

Listed by Chris Flynn with The Agency Aspen, Listing Contact: (970) 429-4255 

The IDX display contains information sourced from the Aspen Glenwood MLS as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Aspen Glenwood MLS all rights reserved.

Data last updated on 11/22/2024 at 11:57 AM UTC

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