$3,950,000

643 Main Avenue

Durango CO, 81301

Description

Located in the heart of thriving downtown Durango, this 20,075 sq. ft. commercial building is a great opportunity to own a mixed-use income property. This historical building was owned and occupied by Adolph Coors until 1915 and finished in 1925. It is located directly south of the famous Strater Hotel. This historical property boasts a great location with retail store frontage right on Main Avenue for excellent exposure. The world-renowned Henry Strater Theater is one of the oldest and most prestigious continually running theaters in Colorado and the United States, offering more than 50 years of performances. Formally known as the Diamond Circle Theater, the theater has been extensively renovated with top-of-the-line stage lighting and surround-sound. This intimate and prestigious venue operates year-round as a theater and community space. The property also offers seven storage units of various sizes in the rear of the Coors Building and the Black Awning Building. The corridor exits through a steel man door to the concrete patio area, gated access to the rooftop, and parking off the alley. There are also three office units that are accessed either from Main Avenue or the security gated rooftop. Two of the units overlook Main Avenue with picture windows. This property also includes five hotel rooms leased by the Strater hotel and accessed from the interior of the Strater hotel. Fire-rated doors separate the Melodrama Building from the Strater Hotel and the Coors Building. Emergency exit to the subject Coors Building and security cameras notify the front desk upon its opening. Last but not least, the second floor managers apartment is a one bedroom, one bathroom with an open loft kitchen and living room. The kitchen and living room have hardwood floors, and the bathroom has marble wainscot. The kitchen has wood counter tops, cabinets, and island. The kitchen has a gas stove, dishwasher, and stainless steel dual basin sink. Don't miss this rare opportunity to own a fantastic historical income property located right in downtown Durango!

Details

MLS#765952
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1925
Days On Site78

Features

SQ Feet20,075
Story(s)2
Units17
ZoningCOMMERCIAL

Market Activity 81301

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Area Information

StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$3,950,000
low | high
Med:
$399,000
100% of Average
SqFt:
20,075
low | high
Med:
0
100% of Average
$ / SqFt:
$197
low | high
Med:
$0
100% of Average
On Site:
78
low | high
Med:
337
23.145400593472% of Average
Listing Updated: 04/03/2020
MLS Number: 765952
Listing Provided By:
Stephen Brinley  of  SCB and Associates



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