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$13,495,000
0.32± Acres
Active
Eagle County, CO

165 Midland, Basalt, Colorado

MLS ID: 182521
Status: Active
Price: $13,495,000
Acres: 0.32±
Type: Commercial
Address: 165 Midland
City, State: Basalt, CO
County: Eagle County
ZIP Code: 81621
Parcel Number: 246707416001
Year Built: 1892

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.

Directions: From Aspen head down valley on Hwy 82 and exit at the town of Basalt. Take a right and drive over the bridge onto Midland Avenue. Property is located in the middle of the town on the right next to Alpine Bank.

Additional Information

Interior

Basement: Crawl Space
Building Area Total: 5,547
Furnished: Furnished

Exterior

Lot Features: Corner Lot, Landscaped
Lot Size Area: 0
Lot Size Square Feet: 13,939
Roof: Composition
Water Source: Community

Financial/HOA/Schools

Subdivision Name: Basalt Center
Tax Annual Amount: 15480.2
Zoning: C-2

Extra Information

Disclosures: 1031 Exchange, Lease/Mve Out Clause
Spencer Jordan

Spencer Jordan

Carbondale, Colorado

(203) 962-3683

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of April 19, 2024 at 12:00:00 AM UTC.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listed By: Cynthia Milling of Douglas Elliman Real Estate-smv - (970) 379-1771