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165 Midland Avenue

Basalt, CO 81621
  • $13,495,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 182521
$13,495,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1892
County:

School Ratings & Info

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.

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© 2024 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Aspen Snowmass | Sotheby's International Realty.

Data last updated: 2024-04-03T23:38:45.083.
www.searchrealestateaspen.com/homes/147560288
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165 Midland Avenue Basalt, CO 81621

  • Price: $13,495,000
  • Status: Active
  • On Site: 65 Days
  • MLS #: 182521
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1892
Built
Neighborhood:
Basalt Center
County:
Eagle
Area:
05-Basalt Proper
Property 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.
Exterior Features

Foundation Details Other Roof Composition

Interior Features

Furnished Furnished

Property Features

Area Basalt Building Area Total 5547 Disclosures 1031 ExchangeLease/Mve Out Clause Possession DODSubject to LeaseNegotiable Property Condition Good Property Sub Type Commercial Property Type Label Commercial Sale Tax Amount 15480.2 Tax Legal Description Condominium Units 12 and 3Building 1AND CONDOMINIUM UNIT 11BUILDING 3 Frying Pan Inn Condomimiiums. Tax Year 2023 Water Source Community Zoning C-2

Listing provided courtesy of Douglas Elliman Real Estate-SMV: (970) 923-4700. Listing information © 2024 Aspen/Glenwood MLS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.
© 2024 Aspen/Glenwood MLS. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Aspen Snowmass | Sotheby's International Realty.

Data last updated: 2024-04-03T23:38:45.083.
 
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