RadioShack on Main Avenue planned to close Tuesday, signs on the building indicated.
Much of the store was empty and the remaining inventory was on deep discount.
Store staff and corporate officials declined to comment.
Scott Nygren, owner of the Durango building, said he expected RadioShack to vacate it by Wednesday and he will put it up for lease.
General Wireless Operations, the owner of Radio Shack, filed for Chapter 11 bankruptcy in March, and announced in a news release it would close 200 RadioShack locations.
The Fort Worth-based company is “evaluating options” on its remaining 1,300 stores, the news release said.
This is the second bankruptcy in three years for the chain. RadioShack filed for bankruptcy in 2015 and sold stores to General Wireless.
There are 425 independent dealer RadioShack locations that will remain open, according to the company’s website.
The vacancy rate along Main Avenue in downtown Durango is 2.2 percent of all restaurant and retail space, Business Improvement District Executive Director Tim Walsworth said. It is the second-lowest vacancy rate Walsworth has seen since he started tracking it 17 months ago.
The rate does not include RadioShack or Dolce Boutique, which recently moved into the Main Mall, as a vacancy.
The lowest vacancy rate thus far was in May 2016.
“It makes sense we would hit the low point in the vacancy rate right before summer,” he said.
The peak season for business downtown tends to be during June, July and August, he said.
mshinn@durangoherald.com
