Attention Business owners and investors here is a property with great visibility and access with plenty of parking to service your clients. It does have a tentant with a triple net lease for 5 years to medical professionals. It makes this property a 6.5 cap rate. Contact us today for numbers and a tour. Exploring the Benefits of Owning a Business Building in Durango, Colorado Durango, Colorado, known for its picturesque landscapes and welcoming community, has become an attractive destination for individuals looking to establish their businesses. Boasting a strong economy and a vibrant entrepreneurial spirit, this charming southwestern town offers numerous benefits for those considering investing in a business building. In this blog post, we will explore the advantages of owning a business building in Durango and why it is a great place to establish your venture. 1. Strong and Diverse Local Economy: Durango's local economy is thriving, serving as a hotbed for both small and large businesses. The city offers a diverse range of industries such as tourism, outdoor recreation, healthcare, education, and professional services. This economic diversity provides business owners with opportunities to cater to a broad customer base and ensures a steady flow of potential customers or clients. 2. Affordable Real Estate: Compared to other cities in Colorado, Durango offers relatively affordable real estate options for business owners. While prices may vary depending on location, businesses seeking a commercial space can find reasonably priced buildings and storefronts, reducing the financial strain and allowing for more investment towards business growth and development. 3. Proximity to Outdoor Recreation: Durango's close proximity to various outdoor recreational opportunities, from hiking and mountain biking to skiing and river rafting, makes it an attractive location for both residents and tourists. This vibrant outdoor lifestyle further enhances the appeal of businesses operating in the area, as owners can target adventure enthusiasts or offer products and services that cater to outdoor enthusiasts. 4. Strong Community Support: Durango is renowned for its strong sense of community and support for local businesses. The residents of Durango prioritize shopping locally, supporting independent businesses, and enjoying locally-made products. Owning a business building in Durango allows you to benefit from this community support, fostering a sense of belonging and appreciation among your customers. 5. Thriving Tourism Industry: Durango's strategic location near stunning natural landmarks such as the San Juan Mountains and Mesa Verde National Park, coupled with its historical charm, make it a popular tourist destination. The steady influx of tourists year-round can provide businesses with an additional customer base, increasing revenue potential. 6. Access to Skilled Workforce: Durango is home to Fort Lewis College, a reputable institution focusing on education and business programs. This college helps to cultivate a skilled workforce, providing businesses with a continuous stream of talented graduates ready to enter the job market. Additionally, Durango's quality of life attracts professionals from various industries, offering a diverse talent pool for local businesses. Conclusion: Owning a business building in Durango, Colorado, offers numerous advantages, including a strong and diverse local economy, affordable real estate options, proximity to outdoor recreation, a supportive community, a thriving tourism industry, and access to a skilled workforce. From picturesque landscapes to a vibrant entrepreneurial spirit, Durango provides an excellent environment for businesses to grow and flourish. So, whether you are a budding entrepreneur or an established business owner, Durango presents an exciting opportunity to establish roots and embark on a successful entrepreneurial journey.