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1404 Hawk Parkway

Montrose, CO 81401
  • $6,975,000
  • STATUS: Active
  • ON SITE: 149 Days
  • MLS #: 784297
UPDATED: 14 min ago
$6,975,000
  • 0
    BEDS
  • 1.86
    ACRES
  • 1
    BATHS
  • 9
    1/2 BATHS
  • 34,973
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:

School Ratings & Info

Listing courtesy of High Country Properties Montrose.


Description

First time listed landmark Milestone Building. The total 41 individual condominium units and common areas are for sale as a single transaction. One contract, one price. This results in 100 % control and ownership of the HOA common areas in addition to the 41 individual unit spaces, allowing for high quality passive office rental income, expansion or potential residential/hotel conversion or if desired, reversion to a non-condo, single owner stand-alone building. National standard, 34,972.72 square foot highest quality stone, steel and glass 3-story building in entire region, located in the premier location in the southern corridor at the traffic lighted corner of HWY 550 and Hawk Parkway. Created and designed by renowned architect DTJ (Boulder/Atlanta) in conjunction with international consulting and business team. Constructed regardless of cost. Excellent tenant mix, amenities, location, quality and flexibility. Health focused and beautifully maintained. Offered at less than $200 per square foot. Excellent current income stream. Offered price significantly less than 50% of current replacement cost provides extraordinary financial upside and user opportunity. The ultimate investor, user and developer financial opportunity in Montrose. High occupancy of finished units. Perfect for use, current income investment, relocation, expansion or conversion. (See "Highlights section in Associated Documents for property bullet point specifications, features and additional information and the "General Outline for expansion of general features and uses). Totally flexible design. Health oriented HVAC air exchange and operating windows. Extra wide corridors, total plumbing, wiring and lay-out flexibility. New Ownership Structure Flexibility. BUYER HAS OPTION TO RETAIN CONDOMINIUM STRUCTURE VS. CONVERSION TO SINGLE OWNER STRUCTURE FOR PROPERTY. Because new owner will acquire 100 % ownership and control of all currently existing condominium Units in addition to the HOA, it will therefore acquire the full flexibility and discretion to continue the condominium structure with the existing HOA or to dissolve the HOA and convert the building into a single owner, single deed property should that be deemed more advantageous. See dedicated website for pictures and general floor plans. On-Site Management. Current on-site management team would be available to continue in that capacity if desired. Further Information: Available upon confidential buyer identification. Detailed rent roll with tenants and additional info available upon Pre-Approval Letter, VAL, financial capability letter from financial institution acceptable to Seller or proof of active 1031 Exchange. Specific financial information and individual leases available with LOI and NDA. Serious inquiries only. Info deemed reliable but should be individually verified during due diligence. Larry Wooddell, Broker/ Owner of High Country Properties, Inc. is a member of the majority of five of the six individual selling parties.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2021-12-05T08:56:22.033.
www.thehowegroup.co/homes/119095076
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1404 Hawk Parkway Montrose, CO 81401

  • Price: $6,975,000
  • Status: Active
  • On Site: 149 Days
  • Updated: 14 min ago
  • MLS #: 784297
0
Beds
1
Baths
9
½ Baths
1.86
Acres
34,973
SQFT
$199
$/SQFT
2006
Built
Neighborhood:
Montrose City
County:
Montrose
Area:
Montrose City
Property Description
First time listed landmark Milestone Building. The total 41 individual condominium units and common areas are for sale as a single transaction. One contract, one price. This results in 100 % control and ownership of the HOA common areas in addition to the 41 individual unit spaces, allowing for high quality passive office rental income, expansion or potential residential/hotel conversion or if desired, reversion to a non-condo, single owner stand-alone building. National standard, 34,972.72 square foot highest quality stone, steel and glass 3-story building in entire region, located in the premier location in the southern corridor at the traffic lighted corner of HWY 550 and Hawk Parkway. Created and designed by renowned architect DTJ (Boulder/Atlanta) in conjunction with international consulting and business team. Constructed regardless of cost. Excellent tenant mix, amenities, location, quality and flexibility. Health focused and beautifully maintained. Offered at less than $200 per square foot. Excellent current income stream. Offered price significantly less than 50% of current replacement cost provides extraordinary financial upside and user opportunity. The ultimate investor, user and developer financial opportunity in Montrose. High occupancy of finished units. Perfect for use, current income investment, relocation, expansion or conversion. (See "Highlights section in Associated Documents for property bullet point specifications, features and additional information and the "General Outline for expansion of general features and uses). Totally flexible design. Health oriented HVAC air exchange and operating windows. Extra wide corridors, total plumbing, wiring and lay-out flexibility. New Ownership Structure Flexibility. BUYER HAS OPTION TO RETAIN CONDOMINIUM STRUCTURE VS. CONVERSION TO SINGLE OWNER STRUCTURE FOR PROPERTY. Because new owner will acquire 100 % ownership and control of all currently existing condominium Units in addition to the HOA, it will therefore acquire the full flexibility and discretion to continue the condominium structure with the existing HOA or to dissolve the HOA and convert the building into a single owner, single deed property should that be deemed more advantageous. See dedicated website for pictures and general floor plans. On-Site Management. Current on-site management team would be available to continue in that capacity if desired. Further Information: Available upon confidential buyer identification. Detailed rent roll with tenants and additional info available upon Pre-Approval Letter, VAL, financial capability letter from financial institution acceptable to Seller or proof of active 1031 Exchange. Specific financial information and individual leases available with LOI and NDA. Serious inquiries only. Info deemed reliable but should be individually verified during due diligence. Larry Wooddell, Broker/ Owner of High Country Properties, Inc. is a member of the majority of five of the six individual selling parties.
Exterior Features

Acreage Range 1-1.99 Carport No Lot Dimension 1.86 Acres Parking 20 + Total SpacesCommonCoveredGarageOff StreetPaved Property Description CornerLandscapedSprinklers Roof Other Sewer Public Sewer Installed Stories 3 Street Description 150'+ FrontageCity/TownOtherPaved Water Public Water Well No Waterfront YN No

Interior Features

Cooling Type Central A/C Finished Sq Ft 23312 Flooring CarpetConcreteTileWood Foundation Crawl SpaceOther Heating Fuel Source ElectricNatural Gas Heating System Forced AirOther Lighting 3 Phase 220FluorescentIncandescentSingle Phase Office Sq Ft 34973 One Quarter Baths 1 Total Offices 0

Property Features

Available Utilities ElectricFiber OpticsInternetNatural GasPhoneSanitary SewerSingle-PhaseT-1 LineThree-PhaseWater Books Available No Cam No Covenants Yes Current Use OtherProfessional/Medical Disclosures CovenantsSeller is Licensed Agent Documents On File CovenantsEasementsLeasesLegal DescriptionPlot Plan/Plat/Survey Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerSingle-PhaseThree-PhaseTwo-Phase Fixtures Included No Inventory Included No Lease Included Yes New Construction YN No Oa Fees By Unit Oa Fees Frequency Monthly Oa Name Mbca Owners Association Yes Possible Property Use Bar/LoungeConvenience StoreGeneral OfficeLodgingMixed-UseMulti-Flex/R &Amp; DOtherProfessional/MedicalRetail StorefrontShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2020 Total Taxes 61910.40 Type Office Variable Rate No Water Rights No Zoning Type Commercial

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2021-12-05T08:56:22.033.
 
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The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of High Country Properties Montrose.