$2,925,000
$3,200,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
2,952 SqFt
SOLD DATE : 12/01/2020
Key Details
Sold Price $2,925,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,952 sqft
Price per Sqft $990
Subdivision Dancing Bear Residences
MLS Listing ID 166427
Sold Date 12/01/20
Originating Board Aspen Glenwood MLS
Year Built 2009
Annual Tax Amount $1
Tax Year 2019
Lot Size 2,952 Sqft
Acres 0.07
Property Description
Located in The Dancing Bear Residences in downtown Aspen, Colorado, this class A restaurant space is just three blocks from the Aspen Mountain Gondola. The Investment offers an excellent opportunity to own a stabilized, income-driven, commercial space with a seasoned operator with over 10 years of historical tenancy. The current tenant is The Monarch Steak House, a fine dining restaurant operated by CP Restaurant Group. The current lease expires in September 2025, but may be extended by two, five-year extension options -the second at market terms. Offering Memorandum is available after execution of an NDA.
Location
State CO
County Pitkin
Community Dancing Bear Residences
Area Aspen
Zoning Commercial
Direction 411 South Monarch Street Aspen, Colorado
Others
Tax ID 273718219020
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