Jennifer Pedersen - Coldwell Banker Distinctive Properties
220 Midland Avenue
Basalt, CO 81621

$4,950,000

Description

The property is located in 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.

Details

MLS#155175
Sub-TypeResale
StatusActive
Year1951
Days On Site68

Features

SQ Feet26,485
Story(s)0
ZoningC-1

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Area Information

StateCO
CountyEagle
CityBasalt
Zip Code81621
AreaBasalt
Listing VS Median (in 81621)
Price:
$4,950,000
low | high
Med:
$702,950
100% of Average
SqFt:
26,485
low | high
Med:
1,654
100% of Average
$ / SqFt:
$187
low | high
Med:
$425
77.396464646465% of Average
On Site:
68
low | high
Med:
176
38.636363636364% of Average
Listing Updated: 09/18/2018
MLS Number: 155175
Listing Provided By:
Lex Tarumianz  of  Aspen Snowmass Sothebys International Realty-Hyman Mall

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