Active

165 Midland Avenue

Basalt CO, 81621

$13,495,000


$2,432.85 per sqft

Active

5,547 sqft

Commercial

Built in 1892

Listed by Cynthia Milling with Douglas Elliman Real Estate-SMV, 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 12, 2024

Listed

October 1, 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

The IDX display contains information sourced from the Aspen Glenwood MLS as of 10/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Aspen Glenwood MLS all rights reserved.

Data last updated on 10/1/2024 at 9:24 PM UTC

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