643 Main Avenue

Durango, CO 81301

About this property

Located in the heart of thriving downtown Durango, this 20,075 sq. ft. commercial building is a great opportunity to own a mixed-use income property. This historical building was owned and occupied by Adolph Coors until 1915 and finished in 1925. It is located directly south of the famous Strater Hotel. This historical property boasts a great location with retail store frontage right on Main Avenue for excellent exposure. The world-renowned Henry Strater Theater is one of the oldest and most prestigious continually running theaters in Colorado and the United States, offering more than 50 years of performances. Formally known as the Diamond Circle Theater, the theater has been extensively renovated with top-of-the-line stage lighting and surround-sound. This intimate and prestigious venue operates year-round as a theater and community space. The property also offers seven storage units of various sizes in the rear of the Coors Building and the Black Awning Building. The corridor exits through a steel man door to the concrete patio area, gated access to the rooftop, and parking off the alley. There are also three office units that are accessed either from Main Avenue or the security gated rooftop. Two of the units overlook Main Avenue with picture windows. This property also includes five hotel rooms leased by the Strater hotel and accessed from the interior of the Strater hotel. Fire-rated doors separate the Melodrama Building from the Strater Hotel and the Coors Building. Emergency exit to the subject Coors Building and security cameras notify the front desk upon its opening. Last but not least, the second floor managers apartment is a one bedroom, one bathroom with an open loft kitchen and living room. The kitchen and living room have hardwood floors, and the bathroom has marble wainscot. The kitchen has wood counter tops, cabinets, and island. The kitchen has a gas stove, dishwasher, and stainless steel dual basin sink. Don't miss this rare opportunity to own a fantastic historical income property located right in downtown Durango!

Date Added
January 17, 2020
Listing Status
Active
Days On Site
76
MLS#
765952

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Mixed Use
Sub-Type
Resale
Year
1925
Garage
0
Pool
No
Story(s)
2
Property View
No
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$3,950,000 Active
0 Beds
0 Baths
20,075 SQFT

Presented By Coldwell Banker Canyonside Realty

Get in touch today! Phone: (208) 734-6500
Brokerage
Twin Falls
(208) 734-6500
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Area Information

Durango In Town | La Plata County |

$ 3,950,000
This listing is play_arrow 890.0% higher than the average in the area
$ 399,000 in the area
7,679 SqFt
This listing is play_arrow 339.10% larger than the average in the area
1,972 SqFt in the area
$ 231 $/SqFt
This listing is play_arrow 22% less than the average in the area
$ 295 $/SqFt in the area
76 days on site
This listing is play_arrow 3700.0% above the average in the area
2 days on site in the area

Schools in the Area

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