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2754 Downhill Drive, Steamboat Springs, CO 80487

  • 0 BedBeds
  • 0 Baths
  • 0 Full BathFull Baths
  • 0 Half BathHalf Baths
  • 3/4 Baths
  • 7,195 Sqft
  • Commercial
  • Active
  • MLS# 8412708
  • mls board disclosure COLORADO GROUP REALTY
0 More Scheduled

$899,000

  • Price Reduced

Property Description2754 Downhill Drive, Steamboat Springs, CO 80487


Real estate investment property consisting of 3 of the 5 total condos in the Dover Building. Just west of Steamboat, this location offers good visibility in a high traffic area from well traveled Elk River Road. Total of 7,195 SF, one solid tenant in place with ample parking. Below market rent in place with tremendous upside potential when lease renews or new tenants. Cash flows at 7% cap rate with lease in place. Main level is home to 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. Exterior was just re-stuccoed, painted and parking lot striped. Keep current tenants in place for worry free, income producing property. Tenants manage all expenses and HOA. Excellent option for your 1031 exchange client or part time resident looking for a worry free investment.

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Property Details2754 Downhill Drive, Steamboat Springs, CO 80487

Listing courtesy of: COLORADO GROUP REALTY

General Features

Style  Multi-Story
Year Built  1995
Total Sq. Ft  7195.00
Finished Sq. Ft.  7195

Interior Features

Square Footage Above  7195
Heating  Baseboard, Hot Water, Space Heater
Flooring  Carpet, Concrete, Tile Floor, Wood Floors
Cooling Description  Ceiling Fan, Evaporative Cooler (Swamp)
Additional Interior Features  Double Pane Windows, Drive Indoors, Exercise Room, Showroom Area

Exterior / Lot Features

Parking  Driveway-Asphalt
Exterior  Heated Gutters, Lighting, Professional Landscaping
ZONING  Commercial
Lot View  Mountain View

Schools

School District 
Elementary 
Middle 
High 

Financial Considerations

Tax Amount  $12,824
Tax Year  2017

Directions

HWY 40 West, right on Elk River Road, left on Downhill Dr, building on left

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Monthly insurance : $0.00
Monthly taxes : $0.00
Monthly payment : $0.00
Total monthly payment : $0.00

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mls board disclosure

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than RE/MAX Alliance are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. [more]

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