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23 Mel Rey Road, Glenwood Springs, CO 81601
$2,400,000
23 Mel Rey Road, Glenwood Springs, CO 81601View this property at 23 Mel Rey Road, Glenwood Springs, CO 81601
23 Mel Rey RoadGlenwood SpringsCO81601
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Property Description
Income, Lease, Develop. Great investment opportunity in West Glenwood with high visibility and remodel complete in spring of 2021. Lease in place with tenant occupying approximately fifty percent of the building with a 10 year lease. Ability to lease the remaining portion or owner occupy. In addition, included in the purchase price is the adjacent lot with the ability to develop additional income. Projected NOI ~$150k**
Full Property Details
Full Property Details for 23 Mel Rey Rd
General
- Price: $2,400,000
- Taxes: $9,707 (2020)
- Status: Active
- Type: Commercial
- MLS ID: 177449
- Updated: 4/29/2024
- Added to Site: 148 day(s) ago
Rental Information
- Complex Features: Yes
Location
- Area: Glenwood Springs
- County: Garfield
- Subdivision: None
- Driving Directions: Off of I-70 West, go to the roundabout and take the second right. Property will be on the left.
Utilities
- Water: Public
Structural Information
- Exterior Const.: Steel/Metal, Concrete, Block, Brick
- Roof: Membrane
- Square Feet: 2,120
- Year Built: 1965
- Property Condition: Good
Lot Features
- Lot Size (Acres): 0.47
- Lot Size (Sq. Ft.): 20,256
- Lot Features: Corner Lot
- Zoning: M1- Mixed Use
Financial Considerations
- Tax Amount: $9,707.48
- Tax Year: 2020
- Terms: Cash
- Tenant Pays: Insurance, Taxes
Disclosures and Reports
- Legal Description: Section: 6 Township: 6 Range: 89 Subdivision: MEL-RAY SUB. Block: 4 Lot: 6, Subdivision: MEL-RAY SUB. Lot: 7 S 50' OF E
- Property ID: 218506104005
Listed by The Agency Aspen, Chris Flynn
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Schools
Schools serving 23 Mel Rey Rd
School District:Roaring Fork School District No. Re-1
Rating | Name | Grades | Distance |
---|---|---|---|
915 School St, Glenwood Spgs, CO 81601 | PK-5 | 2.1 mi | |
1150 Mount Sopris Dr, Glenwood Spgs, CO 81601 | PK-5 | 4.3 mi | |
101 Alder Ave, New Castle, CO 81647 | PK-4 | 9.1 mi | |
120 Soccer Field Rd, Glenwood Spgs, CO 81601 | 6-8 | 0.2 mi | |
401 Grundel Way, Gypsum, CO 81637 | 6-8 | 22.1 mi | |
747 E 3rd St, Eagle, CO 81631 | 6-8 | 29.6 mi | |
1521 Grand Ave, Glenwood Spgs, CO 81601 | 9-12 | 2.5 mi | |
444 Weant Blvd, Carbondale, CO 81623 | 11-12 | 13.9 mi | |
2270 Highway 133, Carbondale, CO 81623 | 9-12 | 14.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 23 Mel Rey Rd
Date
Details
Price
Change
Source
12/21/2023
Price Reduced
$2,400,000
-4%
MLS
3/31/2023
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 23 Mel Rey Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$17,102
69%
$236,900
85%
2021
$10,128
-1%
$127,940
—
2022
$10,259
33%
$127,940
24%
2020
$7,725
-1%
$103,250
—
2019
$7,788
3%
$103,250
2%
2018
$7,536
6%
$100,960
—
2017
$7,089
2%
$100,960
4%
2016
$6,925
-1%
$97,350
—
2015
$7,022
2%
$97,350
4%
2014
$6,898
-1%
$93,330
—
2013
$6,935
—
$93,330
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 23 Mel Rey Rd
23 Mel Rey Road, Glenwood Springs, CO 81601 (MLS# 177449) is a Commercial property. 23 Mel Rey Road is currently listed for $2,400,000 and was received on December 21, 2023. Want to learn more about 23 Mel Rey Road? Do you have questions about finding other Commercial real estate for sale in Glenwood Springs? You can browse all Glenwood Springs real estate or contact a Coldwell Banker agent to request more information.