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Listed by Bullock & Hinkey Real Estate
$ 15,250,000
Est. payment | /mo
161,572 SqFt
$ 15,250,000
Est. payment | /mo
161,572 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 161,572 sqft
Price per Sqft $94
MLS Listing ID 188532
Year Built 1981
Annual Tax Amount $98,702
Tax Year 2024
Lot Size 13.130 Acres
Acres 13.13
Property Sub-Type Commercial
Source Aspen Glenwood MLS
Property Description
Nestled between the esteemed ski resorts of Vail and Aspen, the Glenwood Springs Mall presents a lucrative opportunity for investors seeking to capitalize on the region's thriving tourist industry, with its prime location on 13.13 acres and direct visibility from I-70, a major transportation artery, making it easily accessible via a roundabout that facilitates smooth entry and exit from the property. As a hub of commercial activity in a town renowned for its natural beauty, rich history, and recreational opportunities, including the world's largest mineral hot springs pool and the final resting place of the legendary Doc Holiday, the Glenwood Springs Mall is well-positioned to attract a diverse range of tenants and customers alike, drawn by the area's unique blend of winter skiing, rafting, shopping, and gourmet dining experiences. With its 161,572 square feet of retail space, comprising numerous units of varying square footage, the mall offers a versatile canvas for redevelopment or repositioning, supported by a robust infrastructure that includes forced air natural gas heating, central air conditioning, and a large paved parking lot, thereby providing a compelling proposition for buyers seeking to tap into the local market's potential. Notably, the property is located within the City of Glenwood Opportunity Zone, offering tax incentives and benefits that further enhance its appeal to investors. By leveraging the mall's existing tenant base, the area's irresistible charm, and the associated tax benefits, a savvy investor can unlock new revenue streams and create a thriving commercial destination that caters to the needs of both locals and tourists, making the Glenwood Springs Mall an attractive acquisition opportunity for those seeking to make a meaningful investment in the region's vibrant economy.
Location
State CO
County Garfield
Area Glenwood Springs
Zoning PUD
Direction Take Exit 114 (Glenwood Springs Exit) from I-70 head north toward on Mel Ray Road to US 6. Property is on the right.
Exterior
Roof Type Other
Building
Foundation Slab
Water Public
Others
Tax ID 218506106009
Acceptable Financing Cash
Listing Terms Cash
NEARBY SCHOOLS & PROPERTIES
600 East Hopkins Ave Suite 304, Aspen, Colorado 81611, United States