Active

165 Midland Avenue

Basalt CO, 81621

$13,495,000


$2,432.85 per sqft

Active

5,547 sqft

Commercial

Built in 1892

Courtesy of Douglas Elliman Real Estate-SMV, Cynthia Milling, Listing Contact: (970) 923-4700 

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.

182521

MLS ID

February 9, 2024

Listed

February 16, 2024

Updated

Map

165 Midland Avenue
Basalt CO, 81621

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.32 Acres


Lot Features

Corner Lot, Landscaped


Roof

Composition

Other Property Details

Area Name

Basalt


Taxes

$15,480


Tax Frequency

Annually


Garage

No


View

No


County

Eagle


Water Source

Community


Pool

No


Zoning

C-2

Courtesy of Douglas Elliman Real Estate-SMV, Cynthia Milling,
Listing Contact: (970) 923-4700 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Carol Dopkin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:34 AM UTC, 2/16/2024

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