4 Beds
5 Baths
5,547 SqFt
4 Beds
5 Baths
5,547 SqFt
Key Details
Property Type Condo
Sub Type Hotel Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 5,547 sqft
Price per Sqft $2,432
Subdivision Townsite Of Basalt
MLS Listing ID 187509
Bedrooms 4
Full Baths 3
Half Baths 2
Originating Board Aspen Glenwood MLS
Year Built 1892
Annual Tax Amount $15,480
Tax Year 2023
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Hotel Condominium
Property Description
There is approximately 5,400 existing square foot multi-use space built on the property. The historical dining and bar area are accented by two fireplaces which consists of approximately 1,820 square feet. The remaining commercial space located on the lower level consists of the Kitchen, Office and Storage areas. The restaurant business is included in the list price.
Residential Space: Three residential units are also located on the property on the upper level and to the rear of the building with transferable rental income. Future developments will require approvals from the Town of Basalt.
Commercial Space: Includes Dining, Bar, Kitchen, Office and Storage areas on the first floor.
Patios: Remodeled attached Patio which is approx. 1,820 square foot with a new roof and drop down enclosures to house guests year round with installed infra heaters. New Stone Patios allow for additional seating in the summer. Property also has an outdoor play ground for children.
Square Footage: Seller represents that the square footage amounts are approximates. Buyer to verify square footages.
Feasibility Study: Feasibility study created in 2023 identifies future development possibilities. Property is not being conveyed with entitlements. Buyer to verify entitlements with the Town of Basalt and obtain approvals.
Location
State CO
County Eagle
Community Townsite Of Basalt
Area Basalt
Zoning C-2
Direction From Aspen head down valley on Hwy 82 and exit at the town of Basalt. Take a right and drive over the bridge onto Midland Avenue. Property is located in the middle of the town on the right next to Alpine Bank.
Exterior
Utilities Available Natural Gas Available
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Landscaped
Water Community
New Construction No
Others
Tax ID 246707416001
Acceptable Financing Cash
Listing Terms Cash
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