$2,400,000
23 Mel Rey
Glenwood Springs
23 Mel Rey Road, Glenwood Springs, CO 81601
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**
Projected NOI ~$150k**
DETAILS
- StatusActive
- Year Built1965
- Total Square Feet2120
- Acres0.47
- Lot Size20256
- Property ConditionGood
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