137 Benchmark Road 9, 10, 11, Avon, CO 81620 (MLS# 1009246)

137 Benchmark Road 9, 10, 11, Avon, CO 81620

$1,085,000
Property Type: Commercial Sale Square Footage: 3,110 Status: Closed
Current Price: $1,085,000 List Date: 4/09/2024 Last Modified: 10/15/2024

Description

The Seasons at Avon (''Seasons'') is a prominent mixed-use development located in the center of Avon, just steps from Beaver Creek's Riverfront Express Gondola. The property comprises 104 residential condominiums above 71,432 SF of gross leasable commercial space, including a retail promenade and office space. There are 301 underground parking spaces, 124 of which are dedicated to the property's residential spaces. It is one of the few buildings in the area that is within walking distance of Avon's marquee amenities, including Nottingham Park, Avon Recreation Center, Westin Riverfront Resort & Spa and gondola, Eagle River trail, Avon Transportation Center, as well as numerous restaurants. Recent capital expenditures on the property total $1,700,000, including a complete renovation of the ground level common elements in 2021, replacement of the building's boiler / chiller in 2020, and a roof replacement in 2016. The space is accessed from an exterior hallway on the north side of the building, and offers two private decks on the south side of the space with unobstructed views of Beaver Creek. Both sides of the space have floor-to-ceiling windows and skylights, providing ample natural light in the space year-round. These amenities allow for the opportunity to craft two luxury residential units. As depicted in the conceptual plans on the following page, the construction of a loft in the unit would increase total square footage from 3,110 to 4,814, providing both a 3-bedroom/3-bathroom and a 4-bedroom/4-bathroom layout. This increases the useable square footage by 55%, reducing the price per square foot from $313/SF to $202/SF. This is noteworthy considering nearby condominium developments, Frontgate Avon and One Riverfront, are achieving $1,219 / SF and $1,582 / SF, respectively.

More Information MLS# 1009246

Location Info

Unit #: 9, 10, 11 Area: Avon Complex/Subdivision: The Seasons @ Avon-Commercial Property Subtype: Office Street #: 137 Street Name: Benchmark Street Suffix: Road County: Eagle State/Province: CO Zip Code: 81620

Keywords Info

Year Built Effective: 1990 Lot Size Square Feet: 0 Finished Square Feet: 3110 Sq Ft Source: Seller Air Conditioning: Yes Association YN: Yes Lot Size Source: Seller Total SqFt: 3110

Listing Info

List Price/SqFt: 313.5 Listing Price: 975000 Current Price: $1,085,000 Status: Closed Listing Date: 2024-04-09

General Info

Construction Status: Complete Schedule Number: R044997 # Of Levels in Unit: 1 Entry Location: Door Garage: Yes # of Garage Stalls: 0 Freight Elevator: No Mineral Rights: No Passenger Elevator: Yes Water Rights: No Ground Lease: No Parcel Number: 210512213023 Zoning Code: Town Center Stories: 1

Financing Info

Transfer Tax %: 2 Transfer Fee %: 0 Current Tax Amount: 5169 Current Tax Year: 2023

Status Change Info

Sold Price/SqFt: 348.87 Seller Concessions: No Status Change Date: 2024-10-15 Under Contract Date: 2024-04-17 Sold Date: 2024-10-15 Sold Price: $1,085,000 Original List Price: 975000

Development Status

Completed: 1

Utilities Available

Cable Available: 1 Electricity Available: 1 Phone Available: 1 Sewer Available: 1 Trash: 1 Water Available: 1

Geological Info

None Known: 1

Heating

Forced Air: 1

Water Source

Public: 1

Construction

See Remarks: 1

Foundation

Poured in Place: 1

Roof

Synthetic: 1

Association/HOA Fees

Association/HOA Fee: 6570 Association/HOA Fee Frequency: Quarterly

Possession

Delivery of Deed: 1

Parking

Underground: 1

Property Features

Development Status: Completed Utilities Available: Cable Available; Electricity Available; Phone Available; Sewer Available; Trash; Water Available Heating: Forced Air Water Source: Public Construction: See Remarks Foundation: Poured in Place Roof: Synthetic Geological Info: None Known Parking: Underground Possession: Delivery of Deed
Listing Office: Fortius Commercial Advisors
IDX
Last Updated: October - 15 - 2024
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