For Sale
$13,495,000

165 Midland Ave Basalt, CO 81621

Downtown Basalt, CO: High-end development potential.

Property records and analytics

Overview

Added:
Feb 3
Days on market:
80
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
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

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FAQs

What type of property is this?
Commercial real estate - Downtown Basalt, CO: High-end development potential.
Where is the commercial real estate located?
The property is located at 165 Midland Ave Basalt, CO.
What is the asking price?
The asking price for this property is $13,495,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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(970) 923-4700

Contacts

Cynthia Milling

Learn more

Useful Information

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Midland Ave
Basalt, CO 81621

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Midland Ave
Basalt, CO 81621

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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165 Midland Ave
  • Cynthia Milling
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