Listed by Aspen Snowmass Sotheby's International Realty
$1,400,000
Downtown Basalt Standalone Commercial
Details
Property Type Retail, Office
Sub Type Bar, Medical Office
Square Footage 2,312
Units 2
Tenancy Multi
Pro-Forma Cap Rate 4.64%
Price per SqFt $606
Year Built 1948
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 1,873
Zoning C-2 Commercial
Investment Type Value Add
Ground Lease No
Retail | 2,312 SqFt
Marketing description
Own a rare standalone building in the heart of charming downtown Basalt, just 20 minutes from Aspen, Colorado. This is an exceptional investment opportunity with flexibility for an owner-user to occupy the street-level space or for an investor to unlock additional upside by leasing at market rates. Basalt is already a vibrant, sought-after destination, and the momentum continues with the Midland Residences set to complete this summer, exciting new restaurants opening, and the ever-popular town park drawing locals and visitors alike. Opportunities like this are few and far between in downtown Basalt--this is one you do not want to miss.
Investment highlights
High Traffic Location
Brick Construction
Public Water & Sewer
Listing Contacts
Listed by Aspen Snowmass Sotheby's International Realty
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