Durango Suites and Salons

Durango Suites & Salons consists of 5749 sq ft of commercial space on an in-town 1/4 acre lot right in the heart of Durango. The building consist of 18 separate units, most of which are leased to professionals in the cosmetic/personal care industry. The south facing parking lot makes for easy snow removal, with plenty of spaces for both tenants and customers. Conveniently located near the Durango Rec Center, La Plata County Fairgrounds, north City Market, and several local restaurants. Current cap rate is 4.5% with easy room to increase rents. Annual taxes are only $13,394 paid by owner. Annual insurance is $5,700 paid by owner. Building is on one meter for electric (LPEA), water and sewer (City of Durango), natural gas (Atmos), all paid by owner.