520 E Hyman Avenue 1A, Aspen, CO 81611

$343
Property Type: Commercial Lease Status: Closed
Current Price: $343 List Date: 8/28/2023 Last Modified: 2/07/2025

Overview

Description

In the center of town and only 2 blocks from the gondola, the location of this south facing ground floor retail space can't be beat. This space includes 1,016sf on the ground floor plus 386sf in the basement which can be further finished or used as back of house. Other tenants in the building include Citizens of Humanity and Sant Ambroeus' brand new café, all sharing a beautiful shaded courtyard where patrons can enjoy a coffee and fresh pastry. Available May 1st, 2025. Located directly across the street from Hermes' brand new store. Base Rent is $450,000 per annum plus approximately $30,000 in NNN expenses (NNN includes taxes, insurance, maintenance). Tenant pays utilities direct.

Listing Details MLS# 180797

Location Info

Type
Leasehold
Major Area
Aspen
Area
01-Central Core
Original List Price
325
Street #
520
Street Direction Pfx
E
Street Name
Hyman
Street Suffix
Avenue
Address 2/Unit #
1A
City/Town
Aspen
State/Province
CO
Postal Code
81611

Lease Info

Total Building SqFt
0.00
Ground Floor SqFt
1016
Sub-Grade SqFt
368
Asking Price
325
Type of Lease
NNN
Lease $ Amount
$450,000

Financing Info

Start Date
2025-05-01
Tax Year
2022
Security Deposit
75000
Security $Payable To
Landlord
Annual Tax P/SqFt
0

Listing Info

SqFt Level
Yes
SqFt Level Location
Ground Floor
Seller/Owner is Licensed
No
Member Association
Aspen Association

General Info

Sub/Loc
Townsite of Aspen
County
Pitkin
Legal
Subdivision: PITKIN CENTER CONDOMINIUMS Unit: 1-A
Zoning
Commercial Core
Under Construction
No
Parcel #
273718251003
Year Built
1988
Year Remodeled
2021
Directions
On Hyman Avenue between Galena Street and Hunter Street. Located in the same building as Citizens of Humanity and Sant Ambroeus Cafe.

Status Change Info

Under Contract Date
2023-10-16
Proposed Leased Date
2023-10-18
Sold Date
2023-10-18
How Leased
Cash

More Information

Remarks

Public Remarks
In the center of town and only 2 blocks from the gondola, the location of this south facing ground floor retail space can't be beat. This space includes 1,016sf on the ground floor plus 386sf in the basement which can be further finished or used as back of house. Other tenants in the building include Citizens of Humanity and Sant Ambroeus' brand new café, all sharing a beautiful shaded courtyard where patrons can enjoy a coffee and fresh pastry. Available May 1st, 2025. Located directly across the street from Hermes' brand new store. Base Rent is $450,000 per annum plus approximately $30,000 in NNN expenses (NNN includes taxes, insurance, maintenance). Tenant pays utilities direct.

Allowable Uses

Retail
Yes

Current Use

Retail Store
Yes

Construction

Brick
Yes

Electric

Yes
Yes

Condition

Excellent
Yes

Basement/Substructure

Finished
Yes

Roof

Membrane
Yes

Water

Public
Yes

Sanitation

Sewer
Yes

Water Rights

No
Yes

Extras

Kitchen Area
Yes

Heating/Cooling

Central AC
Yes
Forced Air
Yes

Location Amenities

High Traffic Loc
Yes
High Visibility
Yes

Mineral Rights

No
Yes

Documents on File

Floor Plans
Yes

Parking

Street Parking
Yes

Occupant

Tenant Occupied
Yes

Tenant Pays

Building Insurance
Yes
Electricity
Yes
Exterior Maintenance
Yes
Gas
Yes
Interior Maintenance
Yes
Property Taxes
Yes
Sewer
Yes
Water
Yes

Terms Offered

Cash
Yes

Possession

Negotiable
Yes

Property Features

Allowable Uses: Retail Current Use: Retail Store Construction: Brick Roof: Membrane Condition: Excellent Electric: Yes Water: Public Sanitation: Sewer Tenant Pays: Building Insurance; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Water Parking: Street Parking Extras: Kitchen Area Location Amenities: High Traffic Loc; High Visibility Occupant: Tenant Occupied Documents on File: Floor Plans Water Rights: No Mineral Rights: No Terms Offered: Cash Possession: Negotiable

Documents

IDX
Listing Office: Coldwell Banker Mason Morse-Aspen
Source MLS Verified
Last Updated: February - 07 - 2025
Broker Attribution: (970) 925-7000

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.