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.
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