$4,250,000

220 Midland Avenue

Basalt CO, 81621

Description

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.

Details

MLS#155175
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1951
Days On Site959

Features

SQ Feet10,738
ZoningC-1
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Area Information
StateCO
CountyEagle
CityBasalt
Zip Code81621
AreaBasalt
Listing VS Median (in 81621)
Price:
$4,250,000
low | high
Med:
$625,000
100% of Average
SqFt:
10,738
low | high
Med:
1,060
100% of Average
$ / SqFt:
$396
low | high
Med:
$590
2% of Average
On Site:
959
low | high
Med:
169
100% of Average
Listing Updated: February 24, 2021 8:05:30 PM PST
Lex Tarumianz LogoMLS Number: 155175
Listing Provided By:
Lex Tarumianz  of  Aspen Snowmass Sothebys International Realty-Hyman Mall

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