Need More Info?

    Listing Office:

    Colorado Group Realty.

  • MLS® #: 8412708
  • 2754 Downhill Dr Steamboat Springs, CO 80487

  • $899,000
  • Sold for: $899,000 on May 17, 2019
  • SOLD
  • 2 Bath, 7,195 sq. ft.
  • Income

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.

Essential Information

  • MLS® #8412708
  • Price$899,000
  • Sold For$899,000 on May 17, 2019
  • Bathrooms2.00
  • Square Footage7,195
  • Acres0.00
  • TypeIncome
  • Sub-TypeBusiness Only
  • StyleMulti-Story
  • StatusSold

Community Information

  • Address2754 Downhill Dr
  • AreaElk River Area
  • SubdivisionNo Defined Development
  • CitySteamboat Springs
  • CountyRoutt
  • StateCO
  • Zip Code80487

Amenities

  • FeaturesCorner Lot
  • Parking Spaces25
  • ViewMountain View

Exterior

  • Lot Description0.00
  • RoofOther
  • ConstructionBlock, Structural Steel

Exterior Features

Heated Gutters, Lighting, Professional Landscaping

Additional Information

  • Real Property Tax12824.68
  • Real Property Tax Year2017
  • ZoningCommercial

Listing Details

  • Listing AgentDavid Barnes
  • Listing OfficeColorado Group Realty
Please provide a valid email address.

Similar Listings In The Area

1 of 19 images
Photo 1 of Listing #6918422 REDUCED

28100 #b Grouse Creek Park Rd

$1,075,000  

Steamboat Springs, CO
3514856 Sqft, 80.69 Acres
Land
Re/max Partners Status: Active

MLS® #6918422

1 of 33 images
Photo 1 of Listing #2523076 REDUCED

32300 Us Highway 40

$1,045,000  

Steamboat Springs, CO
5 Bed, 4 Bath, 3958 Sqft, 11.11 Acres
Residential
Steamboat Sotheby's International Realty Status: Active

MLS® #2523076

1 of 35 images
Photo 1 of Listing #9214222 REDUCED

6630 W Us Hwy 40

$1,000,000  

Hayden, CO
4 Bed, 2 Bath, 1510 Sqft, 154 Acres
Residential
Coldwell Banker Status: Active

MLS® #9214222

1 of 22 images

Rcr 20 County Road Adjoins Both Colo 131 & Us Hwy 40

$1,000,000  

Steamboat Springs, CO
1941905 Sqft, 44.58 Acres
Land
Steamboat Sotheby's International Realty Status: Active

MLS® #9007448

1 of 10 images

2385 Lincoln Ave

$995,000  

Steamboat Springs, CO
217800 Sqft, 4.57 Acres
Land
Steamboat Sotheby's International Realty Status: Active

MLS® #S170662

1 of 4 images

1950 Curve Ct

$979,000  

Steamboat Springs, CO
39640 Sqft, 0.91 Acres
Land
Steamboat Mountain Real Estate Status: Active

MLS® #S170281