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Hopkins Street

Sold!Hopkins Street Venture

This rare stand-alone commercial building is located in the C-1 commercial district just one block from Aspen’s central core. Ideally located on a south facing corner lot with 4 onsite parking spaces and double street frontage. 3 current professional tenants in place!

Zoning: C-1
 
CURRENT TENANTS:
• First floor--Unoccupied
• Stryker Brown Architects – second floor
• Rhonda Bazil, Esq – second floor (space sub-leased)

PREVIOUS TENANT DETAILS:
• William Wesson, DDS – first floor
• Lease Expires:  Expired
• Previous Rent: $7,255 month or $87,060 year (2008)
• Total Sq Ft: 2,011 sq ft office space, 66 sq ft of storage
• Rent $/per Office Sq Ft: $43.29
• Rent included storage space in the basement and two designated parking spaces

TENANT DETAILS:
• Stryker Brown (including sub-leased space) – second floor
• Lease Expires: March 31, 2011
• Current Rent: $8,300 month or $99,600 year
• Total Sq Ft: 2,232 sq ft office space
• Rent $/per Office Sq Ft: $44.62
• Rent Increase:4/1/2007 – based on 2.8% C.P.I will    
 increase beginning of option period 4/1/2008 based on fair market rent

Lessor Pays:
- Insurance
- Building Maintenance (Not unit maintenance)
- Property Taxes
- Gas*
- Water*
- Sewer*
- Trash*
- Snow Removal
*said items are paid for by Lessor if within historical and reasonable limits

Lessee Pays:
- Electricity
- Telephone
- TV

GROSS INCOME: $184,307.97 (2008)
TOTAL OPERATING COST: $48,333.15 (2008)
OTHER EXPENSES: $2,424.00 (2008)
NET INCOME: $133,550.82 (2008)

 

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PROPERTY DETAILS:

Location:
Corner of Hopkins and Spring Street. Downtown Aspen.

Address:
632 East Hopkins St & 119 South Spring Street

Lot Sq. Ft.:
4,500

Total Building Sq Ft:
5348
(including 760 sf basement storage)
(per assessor)

Zoning: C-1

Property Features:
• High Visibility
• Double Street Frontage
• Corner Lot
• 4 Off-Street Parking Spaces
• 1st and 2nd floor offices
• Professional tenants in place
• Rare stand-alone commercial building for sale

 

Year Built:
1976

Taxes:
$30,536/ 2007

MLS Number:
103689

Disclosure:
• Current Leases in place
• Broker makes no representations about future development potential only to state what is possible in C-1 zone

Transfer tax:
Yes

Price:
$3,900,000


MASON MORSE REAL ESTATE
ASPEN/SNOWMASS LEADING REAL ESTATE FIRM

  
514 East Hyman Avenue | Aspen, CO 81611
Ph: 970.379.1270 | Dir: 970.920.7395
Email: bhazen@rof.net | BrianHazen.com

Aspen Real Estate experts, selling luxury real estate in Aspen Colorado, Snowmass Colorado and
throughout the entire Roaring Fork Valley.


Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Mason Morse Real Estate shall be responsible for any typographical errors.