Investors take notice. Location, location, location. This prime, historic JC Penney building, is located at 8th and Main Avenue, in the heart of downtown Durango and in the high foot traffic section of downtown. The building is fully occupied and has a diverse tenant mix with 2 very popular and established retail stores anchoring the main level. 20,165 sq ft is divided into the two retail spots and 15 office spaces (with exception of 2 units reserved for the current owner) that are fully leased with excellent rental history. This opportunity provides an attractive Cap rate and possible QBI tax benefit for the new investor.
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Listing Courtesy ofKeller Williams Realty Southwest Associates, LLC