Commercial properties going fast in Carbondale | PostIndependent.com
YOUR AD HERE »

Commercial properties going fast in Carbondale

CARBONDALE – The trickle down effect continues in Carbondale, as two more major downtown commercial properties sold in late January.Aspen architect Charles Cunniffe and a silent partner from Texas closed on a vacant lot located at Fourth and Main streets that was formerly owned by Dale Eubank.The pair also bought a large parcel in the 500 block of Main Street from Bill Hurd, which is now occupied several small shops, including Sherpa Imports, the Moonbeam Candle Co. and Mountainside Design & Sewing.The purchases continue a recent boom in the sale of commercial property in Carbondale.”We felt it was a good, long-term investment,” said Cunniffe, who lives and works in Aspen but has an office in Carbondale.”Carbondale deserves to go through a nice renaissance, and we’ll certainly try to keep it as affordable as possible,” he said. He said he has good intentions, but the reality of purchasing property at current market rates makes keeping the space affordable for small businesses difficult. The 10,000 square-foot parcel on Fourth and Main was on the market for about two years. It sold for $1.3 million, according to real estate broker Mark Wyman.Bill Hurd’s property, located on the 500 block of Main Street, was on the market for about five years and sold for $1.425 million, according to documents filed with the Garfield County Clerk and Recorder’s Office.The property is about 19,000 square feet and is among the most affordable commercial retail space in downtown Carbondale.”We didn’t buy this with any haste to do anything quickly,” Cunniffe said of the two properties. He added that he would be happy to see the current tenants in the former Hurd building remain in business.”We want to approach it carefully and do the right thing,” Cunniffe said. “They all had different leases. We’re trying to figure it all out.”The sale of the two properties in the downtown Historical Commercial Core (HCC) district is consistent with what Wyman said is a growing interest in Carbondale. Wyman sold both of the properties to Cunniffe and sees the recent commercial interest in Carbondale as a plus. “This past year is the largest influx of investment capital I’ve seen in Carbondale,” said Wyman, who’s been selling commercial property for 13 years. “It’s all pretty positive for the commercial sector of Carbondale’s economy. We’ve seen this play out in Basalt, and Carbondale’s been discovered.”Wyman said a lot of the building and development going on is happening from locals investing in Carbondale’s future. “I like that the people who are buying here are part of the community,” Wyman said of Cunniffe’s purchases, as well as a long list of other locals who have recently invested in the downtown core.Among those have been the purchase of the Mountain Aire apartments on Fourth Street by another longtime local architect and builder, Don Ensign, and Carbondale Chamber Director Randi Lowenthal’s purchase last fall of a Main Street storefront where the new Swiss Gourmet shop opened on Friday.”I love the fact that someone who is internationally recognized for architecture is involved in this,” Wyman said of Cunniffe. “You can be pretty well certain that the historical sense of place is going to be honored.”


Support Local Journalism

Support Local Journalism

Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


News


See more