Architect snatches up commercial parcels in Carbondale
Two more major downtown Carbondale commercial properties sold in late January, continuing a recent boom in the sale of commercial property.Aspen architect Charles Cunniffe and a silent partner from Texas closed on a vacant lot at Fourth and Main streets.The pair also bought a large parcel in the 500 block of Main Street; the property is occupied by several small shops, including Sherpa Imports, the Moonbeam Candle Co. and Mountainside Design & Sewing. Cunniffe said he would be happy to see the current tenants remain in business.”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.Cunniffe 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 Fourth and Main parcel was on the market for about two years. It sold for $1.3 million, according to real estate broker Mark Wyman.The other property Cunniffe purchased 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.”We didn’t buy this with any haste to do anything quickly,” Cunniffe said of the two properties.”We want to approach it carefully and do the right thing,” he said. “They all had different leases. We’re trying to figure it all out.”The sale 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.
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