Sale and Leaseback Opportunity. Truly a hands off investment and excellent revenue generating property. This investment consists of 3 of the 5 total condos in the Dover Building. West of downtown Steamboat, this location offers good visibility in high traffic area. Total of 7,195 SF, one solid tenant in place with ample parking. Competitive market rent in place with tremendous upside potential. Cash flows at 7.5% cap rate with lease in place. Main level is home to a 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. Seller maintains excellent exterior improvements. Keep current tenant in place for a hands off, income producing investment. Tenant manages all expenses and HOA. Excellent option for your 1031 exchange client or part time resident.

  • MLS# 8412708
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Year 1995
  • Days On Site 352
SQ Feet 7,195
Story(s) 1
Units 3
Zoning Commercial
Listing Provided By:
this listing $899,000
$559,000 in 80487
this listing 7,195 SqFt
666 SqFt in 80487
this listing $125 $/SqFt
$210 $/SqFt in 80487
this listing 352 on site
187.5 on site in 80487


State CO
County Routt
City Steamboat Springs
Zip Code 80487
Area Routt

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