659 Tech Center Drive,Durango, CO 81301
Durango, CO 81301
Description
Well-maintained multi-tenant commercial investment property located in the Tech Center area. This steel frame building with steel siding and roof offers a total of three suites: two approximately 2,400 SF units and one approximately 1,200 SF unit. The property is currently fully occupied with established tenants and a strong rental history. Each suite is separately metered for electric and gas, with individual HVAC systems (heating and cooling) and private half baths. One suite is improved with a shower. Three-phase power is available to the building. Water is metered to the building, with usage allocated to tenants via a utility room with individual submeters and reconciled through CAM charges. Leases in place with Illete Fitness and Rock Solid Granite extend through October 31, 2027, with scheduled 4% rent increases effective November 1. Current rents provide steady income, with additional expense reimbursements structured through CAM. Expenses including taxes, snow removal, and common area costs are allocated on a proportional square footage basis (currently 60/40). Parking is open and has historically accommodated tenant and customer needs without issue. No HOA. Property is located within a city district with standard development and occupancy requirements. HVAC systems are included in the sale. Property has been fully occupied since completion, reflecting consistent demand in the area. Showings by appointment only to minimize disruption to tenants.
Details
| MLS # | 833895 |
|---|---|
| Listing Type | For Sale |
| Style | Warehouse |
| Sub-Type | Resale |
| Status | Active |
| Year | 2019 |
| Days On Site | 131 |
| Listing Provided By | The Wells Group of Durango, LLC | Morgan Pavon |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 6,115 |
| Story(s) | 1 |
| Units | 3 |
| Zoning | Commercial |
| Acreage | 0.76 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Forced Air, Natural Gas |
| Furnished | Unfurnished |
Exterior
| Roof | Metal |
|---|---|
| Foundation Details | Concrete Perimeter, Slab |
Parking
| Parking Features | Parking Spaces |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available |
|---|
Other
| List Aor | Durango Area Association Of Realtors |
|---|
Area Information
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81301 |
| Area | Durango In Town |
| Listing VS Median (in 81301) | |
Price: $1,500,000 low | high Med: $759,500 sqft: 6,115 low | high Med: 1,434 $ / sqft: $245 low | high Med: $530 On site: 131 low | high Med: 24.5 | |
Market Activity 81301
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Learn More About This Property
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81301 |
| Area | Durango In Town |
| Listing VS Median (in 81301) | |
Price: $1,500,000 low | high Med: $759,500 sqft: 6,115 low | high Med: 1,434 $ / sqft: $245 low | high Med: $530 On site: 131 low | high Med: 24.5 | |
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