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2901 Main Ave 4,426 SF 100% Leased Office Building Durango, CO 81301 $2,950,000 ($666.52/SF)



Investment Highlights
- great medical facility conversion
- mostly remodeled
- lots of parking
Executive Summary
BUILDING ONLY NORTH MAIN DURANGO COMMERCIAL OPPORTUNITY previously used as a medical office, Rarely does a property offer both immediate functionality and long-term redevelopment potential in one of Durango's most active commercial corridors. Positioned on a highly visible corner lot along North Main Avenue, this extensively remodeled commercial property sits directly in the path ofcontinued Uptown Durango growth and redevelopment. With limited corner parcels remaining along North Main, opportunities like this are increasingly difficult to find. The surrounding area has experienced significant investment and momentum in recent years, including neighboring businesses such as Home Slice Pizza, Zia Taqueria, Union Social House,Sage Farm Fresh Eats, Coffe shops, and even the development of a middle school nearby, and many hotel renovations, and numerous other commercial improvements that continue to strengthen the corridor. The existing building offers substantial value for an owner-user, investor, or future developer. Currently occupied by a real estate brokerage and barbershop, the property was previously utilized as a medical office and retains much of the plumbing infrastructure and electricalconfiguration necessary for a straightforward conversion back to medical, healthcare, wellness, or professional office use.Property features include: • Two executive offices, including one with a private balcony deck • Two conference rooms • Tworeception and waiting areas • Central heating and air conditioning • Large outdoor patio and gathering space • Ample on-siteparking • Excellent visibility and accessibility • Strong structural integrity and flexible floor plan - Six additional office spaces.- Storage rooms - Asphalt redone. - Tiled downstairs flooring throughout - upstairs carpet tiles with many extras. Beyond the existing improvements, the property presents compelling redevelopment opportunities. Uptown Durango incentives maybe available to assist qualifying projects with development costs and potential tax advantages. The site may be suitable for a mixed-use concept incorporating retail, restaurant, service, office, or residential components, subject to buyer verification and applicable approvals. Whether your vision is to occupy, invest, reposition, or redevelop, this is a rare opportunity to secure a prominent North Main location with both current income potential and future upside. Business is not for sale.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,426 SF
Building Class
B
Year Built/Renovated
1988/2023
Price
$2,950,000
Price Per SF
$666.52
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,213 SF
Building FAR
0.35
Lot Size
0.29 AC
Zoning
commercial
Parking
14 Spaces (3.16 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- A Cut Above
- Services
- 800 SF
- -
- -
- Blackmore Group
- Real Estate
- 3,400 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| A Cut Above | Services | 800 SF | - | - | ||
| Blackmore Group | Real Estate | 3,400 SF | - | - |
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
7,666
19,079
23,703
2025 Population
7,482
18,988
23,927
Population Growth '20-'25
-2.4%
-0.5%
0.9%
2020 Households
3,090
8,133
10,155
2025 Households
2,955
7,948
10,079
Household Growth '20-'25
-4.4%
-2.3%
-0.8%
Average Age
40
39
40
Median Household Income
$87,151
$87,978
$89,276
Daytime Employees
3,443
16,797
26,467
Total Businesses
754
2,816
4,234
College Degree + Higher
57%
54%
54%
Property Taxes
| Parcel Number | R007918 | Improvements Assessment | $49,640 |
| Land Assessment | $166,180 | Total Assessment | $215,820 |
Property Taxes
Parcel Number
R007918
Land Assessment
$166,180
Improvements Assessment
$49,640
Total Assessment
$215,820
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2901 Main Ave
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