$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 Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 959 |
Features
| SQ Feet | 10,738 |
|---|---|
| Zoning | C-1 |
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| Area Information | |
|---|---|
| State | CO |
| County | Eagle |
| City | Basalt |
| Zip Code | 81621 |
| Area | Basalt |
| Listing VS Median (in 81621) | |
Price: $4,250,000 low | high Med: $625,000 SqFt: 10,738 low | high Med: 1,060 $ / SqFt: $396 low | high Med: $590 On Site: 959 low | high Med: 169 | |
Listing Updated: February 24, 2021 8:05:30 PM PST
MLS Number: 155175Listing Provided By:
Lex Tarumianz of Aspen Snowmass Sothebys International Realty-Hyman Mall