Guaranteed $110,000 net operating income on this investment property baked by a $3.5m dollar real estate asset. Market rents indicated potential gross rent income could be $100,000 higher. We are not selling this property based on the potential, we are selling for retirement reasons at market price per square foot comparables. The Aspen real estate market will always be a fantastic investment through appreciation, and guaranteed income. Price per square foot is $282 which is right in line with the market. Very rare opportunity to buy this kind of property in Aspen for this price. Do not wait and miss this opportunity.
Unit A – Commercial space rented to Aspen Brewery – 6400 sf.
Unit B- Commercial space rented to Columbine Storage – 4489 sf.
Unit C – Small 216 sf office. – no rent collected. Owner use.
Residential Apartment – 1287 sf. Rent can be increased by $500/mo.
The Aspen Airport Business Center property consists of a multi-tenant mixed-use building located at 404 Aspen Airport Business Center in Aspen, CO 81611. The parcel measures 21,294 SF (0.489 acres) and is identified by assessor’s parcel number 2643-344-04-046. The parcel is located in the Aspen Airport Business Center just north of the city limits of Aspen in Pitkin County. The building was constructed in 1982 and consists of 13,473 square feet of gross building area that is partitioned into two ground floor office/warehouse spaces, a ground floor private office and an upper floor residential unit with roof-top patio. The ground floor office/warehouse spaces have 12.5’ to 17.5’ ceiling heights with one drive-in door to each of the two spaces. The upper floor residential unit is a Category 4 deed-restricted three bedroom/three-bath unit with average interior finishes for the market.