1911 MAIN AVENUE Durango CO 81301

ATTENTION VALUE INVESTORS. The Park Center Building is a large 32,900sf office building (according to Assessor's records) on a 28,000sf lot at the corner of 19th and Main Avenue in Durango, Colorado. 200ft of frontage on Main Avenue offers excellent exposure. On-site parking lot plus more parking along 19th street on the south side of the building. Additional parking can be found along the neighboring streets a short walk away. Priced at only $59/sf for the building and lot combined this offers a new Owner the unique opportunity to either reposition this asset or improve the occupancy which is currently low. It's estimated this corner lot alone could be worth in the $35+/sf range. Currently the building houses a varied mix of small professional office tenants but could also be used as an owner occupied office building for your company headquarters, or perhaps for a totally different use like a school, gym, restaurant, medical building, etc. Get creative to capitalize on this great opportunity. In the 1970's it was home to Durango's only bowling alley for many years before being remodeled and expanded into an office building in 1983 with a 2-story atrium that brings lots of natural sunlight down from the 2nd to 1st floor in the north annex. The 2-story connected south annex is older, built in 1955, and more original but offers some offices with ground level outside access. This is more of an asset value purchase and not an income purchase at this time until the occupancy and rents can be improved or possibly a different use envisioned. You need to see the interior since it offers a much different feeling than just driving by the exterior. With some creativity and a new look to the exterior this building has the potential to be very attractive to new tenants. It has not been on the market in 31 years offering a new Owner the opportunity to improve the overall building and income. Call today for your private tour. Professional photos coming soon.