220 Midland Avenue, Basalt, CO 81621 (MLS# 155175)

220 Midland Avenue, Basalt, CO 81621

$3,600,000

Property Type: Commercial Sale Square Footage: 10,738 Lot Size (sq. ft.): 26,485 Status: Closed

Current Price: $3,600,000 List Date: 7/12/2018 Last Modified: 9/05/2024

Overview

Description

The property is located in the heart of downtown Basalt on a 26,485 square foot lot and includes 25 hotel rooms spread across 10,760 gross square feet of building area. The hotel underwent a complete remodel in 2014, bringing the property up to current standards with upscale amenities and a contemporary mountain look. The Town of Basalt is undergoing a renaissance, merging its historic downtown character with a new river front park and recreation district. The subject property is a large parcel located near the center of Basalt's transformation. Many opportunities exist for the property. Earn income from the ''new'' hotel while planning for redevelopment.

Listing Details MLS# 155175

Location Info

Type: Commercial
Major Area: Basalt
Area: 05-Basalt Proper
Asking Price: 3995000
Original List Price: 4950000
Street #: 220
Street Name: Midland
Street Suffix: Avenue
City/Town: Basalt
State/Province: CO
Postal Code: 81621

Keywords Info

Total Building SqFt: 10,001 - 20,000
Association Dues: No

Listing Info

Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Aspen Association

General Info

Sub/Loc: None
County: Eagle
Legal: Subdivision: FIRST BASALT COMPANY EX, THE Lot: 2 24 UNITS (LODGING) R673741 EAS 10-23-98 BK-0267 PG-0910 WD 03-13-78
Zoning: C-1
Lot SqFt: 26485
Nbr of Acres: 0.61
Total SqFt: 10738
Business Name: Basalt Mountain Inn
Parcel #: 246707437002
Year Built: 1951
Year Remodeled: 2015
Directions: Hotel is located in the heart of downtown Basalt. Turn north on Two Rivers Road from Highway 82. Turn right onto Midland Avenue. Turn right to stay on Midland. Hotel is on the left.

Financing Info

Metro Tax District: No
Taxes: 49178.88
Tax Year: 2019
Transfer Tax: No
HOA Dues: 0
Total HOA Fee Per Year: 0

Status Change Info

Under Contract Date: 2021-05-11
Proposed Close Date: 2021-06-25
Sold Date: 2021-06-18
Sold Price Per/SF: 335.26

More Information

Remarks

Public Remarks: The property is located in the heart of downtown Basalt on a 26,485 square foot lot and includes 25 hotel rooms spread across 10,760 gross square feet of building area. The hotel underwent a complete remodel in 2014, bringing the property up to current standards with upscale amenities and a contemporary mountain look. The Town of Basalt is undergoing a renaissance, merging its historic downtown character with a new river front park and recreation district. The subject property is a large parcel located near the center of Basalt's transformation. Many opportunities exist for the property. Earn income from the ''new'' hotel while planning for redevelopment.

Listing Office: Aspen Snowmass Sotheby's International Realty - Hyman Mall

Last Updated: September - 05 - 2024

Broker Attribution: (970) 925-6060

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