312 S Galena Street, Aspen, CO 81611
$85,000,000
Property Type:
Commercial Sale
Square Footage:
8,826
Lot Size (sq. ft.):
2,820
Status:
Active
Current Price:
$85,000,000
List Date:
10/23/2025
Last Modified:
2/10/2026
Description
A rare opportunity to acquire one of Aspen's most iconic commercial properties, 312 S. Galena Street, a historic, four-level asset situated in the core of this globally recognized luxury destination.
Currently secured by a long-term lease with one of the world's most prestigious luxury brands, this investment offers immediate, stable income and long-term value appreciation in one of the most supply-constrained and resilient markets globally. Beyond its current performance, the property offers significant upside through future repositioning at market rents, reflecting Aspen's accelerating demand and premium lease rates.
This is more than a prime property; it's a legacy asset for the investor with vision, seeking to preserve generational wealth in a premier global market. Properties of this historic significance and strategic positioning rarely trade hands.
More Information MLS# 190579
Location Info
Inside City Limits: Yes
Condominiumized: No
Zoning City: Aspen
Zoning County: Pitkin
Current Price: $85,000,000
Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 85000000
Original List Price: 85000000
Street #: 312
Street Direction Pfx: S
Street Name: Galena
Street Suffix: Street
City/Town: Aspen
State/Province: CO
Postal Code: 81611
Geo Lat: 39.188305
Geo Lon: -106.818475
Keywords Info
Total Building SqFt: 5,001 - 10,001
Association Dues: No
Listing Info
Occupant Type: Tenant
Seller/Owner is Licensed: No
Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Aspen Association
Listing Date: 2025-10-23
Financing Info
Metro Tax District: No
Tax Year: 2024
Taxes: 203327.6
Transfer Tax: Yes
Total HOA Fee Per Year: 0
General Info
Legal: Subdivision: CITY AND TOWNSITE OF ASPEN Block: 95 Lot: K AND:- Lot: Thru M N. 32' OF K & L, N.
30' OF M
Zoning: Commercial
Stories: 4
Unit SqFt: 8826
Directions: Head east on E Main St toward S Mill St
Turn right onto S Galena St. Building is on your left before the road curves into Cooper. PRADA is the tenant.
Year Remodeled: 2001
Sub/Loc: Townsite of Aspen
County: Pitkin
Lot SqFt: 2820
Nbr of Acres: 0.06
Total SqFt: 8826
Parcel #: 273718224009
Year Built: 1900
Status Change Info
Sold Price Per/SF: 0
Status: Active
Remarks
Public Remarks: A rare opportunity to acquire one of Aspen's most iconic commercial properties, 312 S. Galena Street, a historic, four-level asset situated in the core of this globally recognized luxury destination.
Currently secured by a long-term lease with one of the world's most prestigious luxury brands, this investment offers immediate, stable income and long-term value appreciation in one of the most supply-constrained and resilient markets globally. Beyond its current performance, the property offers significant upside through future repositioning at market rents, reflecting Aspen's accelerating demand and premium lease rates.
This is more than a prime property; it's a legacy asset for the investor with vision, seeking to preserve generational wealth in a premier global market. Properties of this historic significance and strategic positioning rarely trade hands.
Allowable Uses
Hospitality: 1
Hotel/Lodge: 1
Office: 1
Restaurant/Bar: 1
Retail: 1
Current Use
Other: Retail
Construction
Brick: 1
Steel Frame: 1
Electric
Yes: 1
Basement/Substructure
Finished: 1
Roof
Other: 1
Water
Public: 1
Sanitation
Sewer: 1
Extras
Elevator: 1
Fire Alarm: 1
Fire Sprinkler Sys: 1
Fireplace: 1
Restrooms: 1
Security System: 1
Smoke Detectors: 1
Storage: 1
ADA Compliant: 1
Heating/Cooling
Central AC: 1
Gas: 1
Location Amenities
High Traffic Loc: 1
View: 1
Documents on File
Appraisal: 1
Leases: 1
Rent Roll: 1
Parking
Street Parking: 1
Occupant
Tenant Occupied: 1
3 - 5 Years: 1
Disclosures
Reports Available: 1
Terms Offered
Cash: 1
Possession
DOD: 1
Subject to Lease: 1
Sign
No: 1
Property Features
Allowable Uses: Hospitality; Hotel/Lodge; Office; Restaurant/Bar; Retail
Construction: Brick; Steel Frame
Roof: Other
Electric: Yes
Water: Public
Sanitation: Sewer
Parking: Street Parking
Extras: ADA Compliant; Elevator; Fire Alarm; Fire Sprinkler Sys; Fireplace; Restrooms; Security System; Smoke Detectors; Storage
Location Amenities: High Traffic Loc; View
Occupant: Tenant Occupied; 3 - 5 Years
Disclosures: Reports Available
Documents on File: Appraisal; Leases; Rent Roll
Terms Offered: Cash
Sign: No
Possession: DOD; Subject to Lease
Documents
Floor Plans ›
Listing Office:
Compass Aspen
Last Updated: February - 10 - 2026
Broker Attribution:
970-925-6063
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc.
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