426 Main Street, Ouray, CO 81427
Residential property for sale
- Description
- The building is being sold "as is where is and how is." Agents working with buyers must call the listing office for a showing appointment, DO NOT BOTHER THE OWNERS OR ANY OF THEIR HELP. Limited books will be available. This is one of the best investment opportunities in the area. The Bon Ton Restaurant is leased until December 2017 with a 5 year option to renew (the lease is a NNN with all items being prorated based upon percent of usage for utilities and sq. ft. allocation). Currently the owners are operating the St. Elmo Hotel, with the anticipated profit from the St. Elmo and the rental income from the Bon Ton Restaurant the current asking price is about a 9% CAP rate. Limited books are avaliable.
- Property Details
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Property Type: Income/Investment Status: Available Price: $ 895,000 Buildings: 1 Added: 03/16/2014 - Note
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