401 E Hyman Avenue, Aspen, CO 81611
$5,900,000
Property Type:
Commercial Sale
Square Footage:
3,018
Lot Size (sq. ft.):
1,980
Status:
Closed
Current Price:
$5,900,000
List Date:
2/07/2017
Last Modified:
9/05/2024
Overview
Description
Listing Details MLS# 147506
Location Info
- Type
- Commercial
- Major Area
- Aspen
- Area
- 01-Central Core
- Asking Price
- 5900000
- Original List Price
- 5900000
- Street #
- 401
- Street Direction Pfx
- E
- Street Name
- Hyman
- Street Suffix
- Avenue
- City/Town
- Aspen
- State/Province
- CO
- Postal Code
- 81611
Keywords Info
- Total Building SqFt
- 1.001 - 5,000
- Association Dues
- No
Listing Info
- Short Sale
- No
- REO
- No
- Auction
- No
- In Foreclosure
- No
- Member Association
- Aspen Association
General Info
- Sub/Loc
- Townsite of Aspen
- County
- Pitkin
- Legal
- Subdivision: CITY AND TOWNSITE OF ASPEN Block: 89 Lot: A THE NORTHERLY 66' OF LOT A
- Zoning
- CC
- Lot SqFt
- 1980
- Nbr of Acres
- 0.05
- Total SqFt
- 3018
- Unit SqFt
- 3018
- Business Name
- Art Tee & Covet
- Inventory
- No
- Parcel #
- 273718216001
- Year Built
- 1960
- Directions
- Corner of Mill Street Walking Mall and Hyman Avenue Walking Mall
Financing Info
- Taxes
- 37668.68
- Tax Year
- 2016
- Transfer Tax
- Yes
- HOA Dues
- 0
Status Change Info
- Under Contract Date
- 2017-06-16
- Proposed Close Date
- 2017-08-15
- Sold Date
- 2017-08-15
- Sold Price Per/SF
- 1954.93
- How Sold
- Cash
More Information
Remarks
- Public Remarks
- First time ever available for sale. Prime corner retail building. 100% A+ location across from the dancing fountain and the Wheeler Opera House. This is a unique income property at a 4% cap rate with 2 retail tenants and 2 seasonal outdoor vendors.
Allowable Uses
- Restaurant/Bar
- Yes
- Retail
- Yes
Current Use
- Retail Store
- Yes
Construction
- Block
- Yes
- Brick
- Yes
Condominiumized
- No
- Yes
Electric
- Yes
- Yes
Condition
- Good
- Yes
Basement/Substructure
- Finished
- Yes
Roof
- Membrane
- Yes
Water
- Public
- Yes
Sanitation
- Sewer
- Yes
Heating/Cooling
- Electric
- Yes
Location Amenities
- Corner Lot
- Yes
- High Traffic Loc
- Yes
- High Visibility
- Yes
- View
- Yes
Documents on File
- Leases
- Yes
Parking
- None
- Yes
Occupant
- Tenant Occupied
- Yes
- Multiple Leases
- Yes
Disclosures
- 1031 Exchange
- Yes
Tenant Pays
- Annual Escalation
- Yes
- Building Insurance
- Yes
- Deposit
- Yes
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Gas
- Yes
- Interior Maintenance
- Yes
- Property Taxes
- Yes
- Sewer
- Yes
- Site Maintenance
- Yes
- Trash Collection
- Yes
- Water
- Yes
Owner Pays
- Nothing
- Yes
- Structural Maint
- Yes
Terms Offered
- Cash
- Yes
Possession
- DOD
- Yes
- Subject to Lease
- Yes
Sign
- No
- Yes
Property Features
Allowable Uses:
Restaurant/Bar; Retail
Current Use:
Retail Store
Construction:
Block; Brick
Condominiumized:
No
Roof:
Membrane
Condition:
Good
Electric:
Yes
Water:
Public
Sanitation:
Sewer
Tenant Pays:
Annual Escalation; Building Insurance; Deposit; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Trash Collection; Water
Owner Pays:
Nothing; Structural Maint
Parking:
None
Location Amenities:
Corner Lot; High Traffic Loc; High Visibility; View
Occupant:
Tenant Occupied; Multiple Leases
Disclosures:
1031 Exchange
Documents on File:
Leases
Terms Offered:
Cash
Sign:
No
Possession:
DOD; Subject to Lease
Documents
Lindner Building Floor Plans ›
Listing Office:
Setterfield & Bright
Last Updated: September - 05 - 2024
Broker Attribution:
(970) 920-1833
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc.
ALL RIGHTS RESERVED WORLDWIDE
No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.