220 Midland Avenue $4,250,000
- 10,738 sq. ft.
- 0.61 Acres
- Commercial
- MLS# 155175
Listing provided courtesy of: Aspen Snowmass Sotheby's International Realty-Hyman Mall
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Property Details
The property is located in the heart of downtown Basalt on a 26,485 square foot lot and includes 25 hotel rooms spread across 10,760 gross square feet of building area. The hotel underwent a complete remodel in 2014, bringing the property up to current standards with upscale amenities and a contemporary mountain look. The Town of Basalt is undergoing a renaissance, merging its historic downtown character with a new river front park and recreation district. The subject property is a large parcel located near the center of Basalt's transformation. Many opportunities exist for the property. Earn income from the ''new'' hotel while planning for redevelopment.
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General Features
- Sub-Location None
- Short Sale No
- REO No
- Major Area Basalt
- HOA Dues Y/N No
- HOA Dues 0.00
- Business Name Basalt Mountain Inn
- Foreclosure No
- County Eagle
- Area 05-Basalt Proper
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Building Features
- Building SqFt 10,001 - 20,000
- Year Built 1951
- Year Remodeled 2015.00
- Zoning C-1
- Number of Units 21+ Units
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Property Features
- Lot SqFt 26485.00
Contact
Neighborhood
81621 (Basalt) Demographics
43 Median Age
26 Population Density (per sq. mile)
52% College Educated
$71,850 Estimated Median Income
1,676 Estimated Total Home Owners
740 Estimated Total Renters
69% / 31% Estimated Owner / Renter Divide
2 Estimated Average Household Size
5,719 Total Population
Community data courtesy of LiveBy, Inc.
Market Last 30 Days In This Postal Code
$839,500
Median Sales Price
12
Homes Sold
11
New On Market
Average Days on Site
Properties for Sale
Calculations provided by Reliance Network
Property History
| Date | Price |
|---|---|
| -- | New Value: $4,250,000 |
| 9/21/2018 1:30:00 PM | New Value: $4,250,000 |
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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.