$13,495,000
( $2432.85Per Sq Foot )
 $72,444 est/mo Sourced by Back At You

165 Midland Avenue , Basalt, CO 81621

Basalt, CO 81621

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Description

Located only 20 minutes from Aspen, Colorado this Commercial Land Opportunity is in the heart of downtown Basalt, Colorado. The property consists of .322 acres with significant possibility to develop high end condominium hotel units. Presently, there is approximately 5,400 square foot multi-use space built on the property. The historical dining and bar area are accented by two fireplaces which consists of approximately 1,820 square feet. The remaining commercial space consists of the Kitchen, Office and Storage areas all on the first floor. Three residential units are also located on the property on the upper level and to the rear of the building. Future developments will require approvals from the Town of Basalt. Restaurant Space: Includes the Kitchen, Office and Storage areas on the first floor. Patios: Remodeled attached Patio which is approx. 1,820 square foot with a new roof and drop down enclosures to house guests year round with installed infra heaters. New Stone Patios allow for additional seating in the summer. Property also has an outdoor play ground for children. Square Footage: Seller represents that the square footage amounts are approximates. Buyer to verify square footages. Feasibility Study: Feasibility study created in 2023 identifies future development possibilities. Property is not being conveyed with entitlements. Buyer to verify entitlements with the Town of Basalt and obtain approvals.

Details

MLS#182521
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1892
Days On Site244
Listing Provided ByDouglas Elliman Real Estate-SMV | Cynthia Milling

Features

SQ Feet5,547
BasementY
ZoningC-2
Acreage0.32

Market Activity 81621

© Copyright 2024 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.

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Learn More About This Property

Harrison Sanchez

Harrison Sanchez

FA 100106080 (970) 390-8551Contact Me Form Link
StateCO
CountyEagle
CityBasalt
Zip Code81621
AreaBasalt
Community NameBasalt Center
Listing VS Median (in Basalt Center)
Price:
$13,495,000
low | high
Med:
$9,497,500
79.622082252686% of Average
SqFt:
5,547
low | high
Med:
7,774
9.861186226789% of Average
$ / SqFt:
$2,433
low | high
Med:
$1,491
88.696369025565% of Average
On Site:
244
low | high
Med:
393.000000
62.086513994911% of Average
Sourced by Back At You
Listing Updated: September 26, 2024 at 2:04:07 PM PDT