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3637 Highway 82, Glenwood Springs, CO 81601 (MLS# 150049)


$1,695,000
3637 Highway 82
Glenwood Springs, CO 81601
MLS# 150049
Status: Closed
15467 sqft


3637 Highway 82, Glenwood Springs, CO 81601
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3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601 3637 Highway 82, Glenwood Springs, CO 81601

Property Description
2.2 acres of land located along Highway 82 on the Aspen side of Glenwood Springs. Permits are ready with plans and approvals included for a Z-Group Architects designed 54-unit apartment complex comprised of 11 one-bedroom units, 37 two-bedroom units and 6 three-bedroom units. Proposed gross square footage of new building one is 32,384 (including basement storage of 2,712 SF) and 32,479 (including basement storage of 3,606 SF) for building two. Average one-bedroom unit sizes are about 560 SF, two-bedroom units about 885 SF, and three-bedroom units about 1,180 SF. The property is located on County Road 154, which is the back way to Glenwood, an alternative to the downtown congestion. The bike path also runs in front of the property to Glenwood, Aspen and beyond.

Details
Maps
Location Info
Current Price: $1,575,000
Type: Commercial
Major Area: Glenwood
Area: 09-South of Glenwood
Asking Price: 1695000
Original List Price: 2100000
Orig List Price Per/SF: 135.77
Street #: 3637
Street Name: Highway 82
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Keywords Info
Building SqFt: 5,001 - 10,001
Unit SqFt Range: Multiple Units
HOA Dues Y/N: No
Payment Per: Unknown
Listing Info
REO: No
Member Association: Aspen Association
General Info
Sub/Loc: None
County: Garfield
Legal: Section: 27 Township: 6 Range: 89 TR OF LAND IN E1/2
Zoning: Commercial Limited
Lot SqFt: 47916
Nbr of Acres: 2.2
Total SqFt: 15467
Year Built: 1958
Directions: From Aspen, turn right off of Highway 82 on CR 154.
Financing Info
Metro Tax District: No
Taxes: 20971.56
Tax Year: 2016
Transfer Tax: No
Status Change Info
Status: Closed
Proposed Close Date: 2018-10-01
Sold Date: 2018-10-18
Sold Price: 1575000
Sold Price Per/SF: 101.83
How Sold: Conventional Fixed
Property Features
Allowable Uses: Hotel/Lodge; Multi-Family Res; Restaurant/Bar
Heating/Cooling: Forced Air
Electric: No
Water: Community
Sanitation: Sewer
Parking: 21 + Spaces
Access: Paved
Extras: Fire Alarm; Lounge/Bar; Restrooms; Smoke Detectors
Location Amenities: High Traffic Loc; High Visibility; Highway Access; Intersection
Current Use: Motel; Restaurant
Water Rights: No
Mineral Rights: No
Supplements
A stop light intersection makes for easy access to Highway 82. Water and sewer are city owned municipally run systems, and irrigation water helps reduce the water bill throughout the summer. The land slopes downhill from the highway towards the Roaring Fork River below, reducing highway noise. The site is gently sloping, which is easier to build and maintain. It is a safe and quiet neighborhood, and only about 1.5 miles from the retail services of Glenwood including Wal-Mart. The former Buffalo Valley Restaurant and meeting space along with six rental apartments and eight hotel rooms currently occupy the property that are currently 100% rented. Enjoy faster access to Aspen and the Roaring Fork Valley being located south of Glenwood Springs. This is a great development opportunity that is ready to get started. www.BuffaloValleyGlenwood.com

Listing Office: Aspen Snowmass Sotheby's International Realty-Hyman Mall

Last Updated: October - 19 - 2018

3637 Highway 82, Glenwood Springs, CO 81601 - MLS# 150049

Copyright 2009 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.

Saturday 17th of November 2018 04:38 AM

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