165 Midland AveBasalt, CO 81621

For Sale
$13,495,000

Downtown Basalt, CO: High-end development potential.

Overview

Added:
Feb 3
Days on market:
37
This exceptional commercial property, situated in the heart of downtown Basalt, Colorado, presents a unique investment opportunity. Just 20 minutes from Aspen, the 0.322-acre lot boasts a prime location with significant potential for high-end condominium hotel development. Currently, the property includes approximately 5,547 square feet of multi-use space. A substantial portion (approximately 1,820 square feet) is dedicated to a historical dining and bar area, enhanced by two fireplaces. The remaining first-floor commercial space comprises a kitchen, office, and storage areas. Three residential units are located on the upper level and rear of the building. The property also features a remodeled, approximately 1,820 square foot patio with a new roof, drop-down enclosures, and infra-red heaters for year-round use. New stone patios provide additional outdoor seating. A children's playground is also on-site. A 2023 feasibility study outlines potential future development options. However, the property is not being conveyed with entitlements

Property Details for 165 Midland Ave

Property type
Other commercial real estate
Square Feet
5,547 SF
Year Built
1892

Location Insight

City
Basalt
County
Eagle
State
Colorado
Latitude
39.36874
Longitude
-107.0332
165 Midland Ave, Basalt, Colorado

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165 Midland Ave
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