A rare opportunity to own a piece of Durango history! This is the only building of it's kind on the current market and will surely be a hot item among investors This building has history, character, charm and certainly tells a story of life in Durango. If only the walls could talk. The location is prime and the price is aggressive. This property will not be on the open market long. Located in the highly sought after downtown business district, the listing includes a Mixed use Residential and Commercial space. Currently 100% leased with a cap rate of nearly 6%. Features include two residential apartments on the 2nd level. The front unit is currently leased as a 2 bedroom 1 bath apartment; the back apartment is a 3 bedroom 1 bath. The Steaming Bean (business not for sale and not part of the listing) occupies the commercial space. There is plenty of opportunity for future development or reinventing the space.
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