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480 Wolverine Drive

Bayfield, CO 81122
  • $2,500,000
  • STATUS: Active
  • ON SITE: 105 Days
  • MLS #: 801037
UPDATED: 76 min ago
$2,500,000
  • 0
    BEDS
  • 1.89
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 18,822
    SQFT
  • $133
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2007
County:

School Ratings & Info

Listing courtesy of Shockcor, Inc.: 720-937-4403.


Description

This multi-tenant property has undergone over $400,000 worth of improvements by the current owner to reposition the center into Bayfields premier business center. The Bayfield Center Plaza hosts a diverse mix of vibrant businesses that compliment and support each other. Well maintained building with upside in the Bayfield Business Center District that was established in 2001. Quality 2005/2009 construction with excellent rental history. The BBC is located north of Highway 160 and has 38 commercial parcels on 56 acres. Other businesses in the BBC are Lewis True Value Hardware, TBK Bank, Family Dollar, Dollar Store, and the Pine River Library. There is ample parking. Other great features: Low maintenance, upgrades & professional management. An easy to own investment property!

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[Colorado Real Estate Network] logo 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 2023. 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: 2023-05-31T23:56:30.957.
www.thehowegroup.co/homes/137014727
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480 Wolverine Drive Bayfield, CO 81122

  • Price: $2,500,000
  • Status: Active
  • On Site: 105 Days
  • Updated: 76 min ago
  • MLS #: 801037
0
Beds
0
Baths
0
½ Baths
1.89
Acres
18,822
SQFT
$133
$/SQFT
2007
Built
Neighborhood:
Bayfield Center
County:
La Plata
Area:
Bayfield In Town
Property Description
This multi-tenant property has undergone over $400,000 worth of improvements by the current owner to reposition the center into Bayfields premier business center. The Bayfield Center Plaza hosts a diverse mix of vibrant businesses that compliment and support each other. Well maintained building with upside in the Bayfield Business Center District that was established in 2001. Quality 2005/2009 construction with excellent rental history. The BBC is located north of Highway 160 and has 38 commercial parcels on 56 acres. Other businesses in the BBC are Lewis True Value Hardware, TBK Bank, Family Dollar, Dollar Store, and the Pine River Library. There is ample parking. Other great features: Low maintenance, upgrades & professional management. An easy to own investment property!
Exterior Features

Acreage Range 1-1.99 Carport No Lot Dimension 260 X 327 Parking 20 + Total SpacesOff StreetPaved Parking Spaces 104 Property Description Landscaped Roof Metal Sewer Public Sewer Installed Stories 1 Street Description City/TownPaved Water Water Installed Water Well No Waterfront YN No

Interior Features

Cooling Type Central A/C Finished Sq Ft 18822 Flooring ConcreteLaminateTileVinyl Foundation ConcreteSlab Heating Fuel Source Natural Gas Heating System Forced Air Main Sq Ft 18822 One Quarter Baths 0

Property Features

Available Utilities ElectricInternetNatural GasPhoneSanitary SewerStorm SewerWater Books Available No Cam Yes Cap Rate Percent 7.1 Covenants No Current Use General OfficeProfessional/MedicalRestaurantRetail Storefront Disclosures Seller is Licensed Agent Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerStorm SewerWater Fixtures Included No Gross Annual Expenses 86883 Gross Scheduled Income 263830 Inventory Included No Landlord Pays Building InsuranceExt Maintenance (Bldg)Real Estate Taxes Lease Included Yes Monthly Cam Charges $2673 Monthly Insurance Charges 432 Net Operating Income 176947 New Construction YN No Owners Association No Possible Property Use General OfficeOtherProfessional/MedicalRestaurantRetail Storefront Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2022 Tenant Pays Common Area MaintenanceElectricExt Maintenance (Bldg)GasInterior MaintenanceJanitorialSewer/WaterSite Maintenance (Prop)Snow RemovalTrash Total Taxes $31888.04 Type Retail Vacancy Factor Prcnt 5 Variable Rate No Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo 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 2023. 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: 2023-05-31T23:56:30.957.
 
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The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of Shockcor, Inc.: 720-937-4403.