220 Midland Avenue $4,250,000

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    220 Midland Avenue Basalt, CO 81621

    • 10,738 sq. ft.
    • 0.61 Acres
    • Commercial
    • MLS# 155175
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    Views: 148 Days On Site: 942

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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.

    • 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
    • Building Features
      • Building SqFt 10,001 - 20,000
      • Year Built 1951
      • Year Remodeled 2015.00
      • Zoning C-1
      • Number of Units 21+ Units
    • Property Features
      • Lot SqFt 26485.00

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    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 Event Price Percent Change
        -- Current Price Source New Value: $4,250,000
        9/21/2018 1:30:00 PM New in Database Source New Value: $4,250,000

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        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.