390 Yampa Ave | Craig, CO 81625
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390 Yampa Ave
Craig, CO 81625
Providence Recovery Medical Office · Office Property For Sale
Investment Highlights
- NNN lease with a regional medical tenant (±28 locations)
- Versatile corner-location property with ample rear parking next to downtown Craig
- Located approximately 40 miles from Steamboat Springs, CO & 85 miles from Dinosaur National Monument
- Located within a Craig Urban Renewal Authority Plan Area | Development & Business Incentives
Executive Summary
Randall Commercial Group, LLC is pleased to exclusively offer for sale this 100% leased medical office building located in Craig, CO. The property is currently occupied by Front Range Clinic (Porch Light Health), an addiction/recovery treatment provider with approximately 28 locations throughout Colorado and New Mexico. The tenant recently executed a 1-year renewal in March 2024. The subject property is located at the corner of 4th Street and Yampa Avenue on the south side of downtown Craig, in a designated Plan Area which offers incentives for redevelopment & revitalization through the Craig Urban Renewal Authority.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,320 SF
Building Class
B
Year Built
1960
Price
$500,000
Price Per SF
$116
Cap Rate
7.80%
NOI
$39,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,320 SF
Building FAR
0.28
Lot Size
0.36 AC
Parking
21 Spaces (4.86 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R009367 | Improvements Assessment | $51,858 |
| Land Assessment | $28,250 | Total Assessment | $80,108 |
PROPERTY TAXES
Parcel Number
R009367
Land Assessment
$28,250
Improvements Assessment
$51,858
Total Assessment
$80,108
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