601 Hopkins AveAspen, CO 81611

Property Details for 601 Hopkins Ave

Year built

1966

Lot size

0.05 AC

Property size (Sq ft)

1,965 SF

Property type

Commercial real estate

APN

273707380001

APU

273707380001

Description

This exceptional 900-square-foot office space, located at 601 E Hopkins Avenue 2B1 in Aspen, Colorado, presents a unique investment opportunity. Situated in a prime downtown location, this single-tenant property boasts stunning Red Mountain views. The building, constructed in 1966 and extensively renovated in 2020, is a three-story structure with a C1 zoning designation. The unit itself offers a private bathroom and central air conditioning, ensuring comfort and convenience. Large windows flood the space with natural light, creating a bright and inviting atmosphere. The property's convenient location places it within easy reach of Aspen's renowned skiing, vibrant restaurants, and upscale shopping. The gross rent is $107 per square foot, totaling $8,025 per month, plus electricity. Currently leased, this property will be available for a new tenant commencing February 1, 2025, making it an ideal acquisition for long-term income generation. The property's Pitkin County APN is 273707380003, and its cross street is Hunter Street. The building consists of one structure and does not include elevators. This is a rare opportunity to secure a highly desirable commercial space in the heart of Aspen.

• CAP approach

  CAP return

  Valuation

  6%

  $409,268

  6.5%

  $377,786

  7%

  $350,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $399,888

  Geo Method

  $162,348

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $734,951

  Retail / Commercial

  $378,606

  Mixed-Use / Specialty

  $378,618

  Hospitality / Lodging

  $279,552

  Office

  $377,786

  Institutional / Educational

  $394,096

  Residential Income

  $461,092

  Multifamily

  $545,464

  Automotive / Energy

  $337,797

  Parking / Income-Based Land

  $115,225

  Restaurant / Food Service

  $199,826

  Healthcare / Senior Housing

  $386,870

Location Insight

City

Aspen

County

Pitkin

State

Colorado

Latitude

39.1892

Longitude

-106.817

CBSA code

24060

CBSA name

GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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