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137 Benchmark RD 9, 10, 11 Avon, CO 81620
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Key Details
Sold Price $1,085,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,110 sqft
Price per Sqft $348
Subdivision The Seasons @ Avon-Commercial
MLS Listing ID 1009246
Sold Date 10/15/24
HOA Fees $2,190/qua
HOA Y/N Yes
Originating Board Vail Multi-List Service
Annual Tax Amount $5,169
Tax Year 2023
Property 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.
Location
State CO
County Eagle
Community The Seasons @ Avon-Commercial
Area Avon
Zoning Town Center
Interior
Heating Forced Air
Exterior
Parking Features Underground
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Trash, Water Available
Roof Type Synthetic
Building
Foundation Poured in Place
Sewer Sewer Available
Others
Tax ID 210512213023
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