$1,499,000
Winter Park, CO 80482
MLS# 23-730
3988 sqft
1 / 15
Property Description
This outstanding commercial property in downtown Winter Park is situated in a highly sought-after business corridor, making it an ideal location for restaurants. Its close proximity to Winter Park Resort, class A condo units, and a bustling restaurant and retail scene adds to its attractiveness. One of the key advantages of this property is its accessibility. Customers and employees can easily reach it on foot, by bike, or using the Lift shuttle service, ensuring convenience for all. Additionally, the property is well-equipped to support a multi-tenant environment, with features such as a large grease interceptor and multiple electric service panels.
Details
Contract Information
Current Price: $1,499,000
Transaction Type: Income Commercial
Book Section: Income/Commercial/Ranch
Status: Active
Begin Date: 2023-07-01
List Price: $1,499,000
Lease Term: None
Percent Ownership: Full
BB Comm: 3
BB Comm Type: %
Reservations: Not Applicable
1st Right of Refusal: No
Location, Legal and Taxes
Area: Winter Park Area
House Number: 78710
Street Name: US HWY 40
Unit #: 100
County: Grand
State/Province: CO
Postal Code: 80482
Parcel Number: 158733246101
Association Y/N: Yes
Association Fee: 1561.97
Association Fee Frequency: Monthly
Association Remarks: Estimated
Taxes: 10733.16
Tax Year: 2022
Tax Schedule #: R311549
Subdivision: ARROW
Legal: Subd: ARROW AT WINTER PARK CONDOMINIUMS BLDG 1 Unit: 101 DESC: COMMERCIAL UNIT
FIRPTA (Foreign Investment in Real Property Act): No
Common Road Name: US Hwy 40
General Property Description
Realtor.COM Type: Commercial
Total SqFt: 3988
Year Built: 2021
Year Built Remarks: Cold Shell
Style: Contemporary
Garage Type: None
Garage Remarks: 11 Reserved Surface
Miscellaneous
Minimum Earnest $: 50000
Sales Transfer Tax: Yes
Water Source
Community: n/a
Public: Tap Paid
Well: n/a
Sewer Source
Community: n/a
Public: Tap Paid
Septic: n/a
Utilities
Cable TV: Avail but no Connect
Electric: Connected
Natural Gas: Connected
Telephone: Avail but no Connect
Heat: Natural Gas
Type Heat: Forced Air
Basement
Crawl/Slab: Slab
Property/Rental Mgmt
Property Mgmt Co: Beaver Village Mana
Prop Mgmt Co Phone: (970) 726-5741
Special Listing Conditions
Real Estate Owned: No
Property Features
Lease Type: None
Construction: Block; Frame
Terms: 1031 Exchange; Cash; Conventional
Possible Usage: Commercial
Supplements
The flexible nature of the property allows for various possibilities. It can accommodate a single tenant or be divided into a 50/50 tenant split between two restaurants, or a combination of restaurant and bar spaces. This versatility opens up opportunities for different types of businesses to thrive in this location.
It's important to note that there is a deed restriction in place, prohibiting any marijuana retail or wholesale activities on the property. This restriction ensures that the property remains focused on food service and entertainment.
Considering its prime location near a thriving commercial district in a resort community, this property presents a great owner/user or investment opportunity. Winter Park's popularity as a tourist destination, along with the nearby amenities and attractions, make this property an attractive option for businesses looking to establish or expand their presence in the area.
Listing Office: Re/Max Peak to Peak
Last Updated: November - 10 - 2023
Information deemed reliable but not guaranteed.
Wednesday 29th of November 2023 08:50 AM