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    Historic Landmark Mixed-Use Potential
    Updated: Feb 9, 2024
    Historic Landmark Mixed-Use Potential

    165 Midland Avenue, Basalt, CO 81621

    $12,500,000
    5,364 sqft 0.32 AC lot
    Prime Downtown Location: Situated in the heart of Basalt on Midland Avenue.
    Mixed‑Use Redevelopment Potential: Zoned C‑2, allowing for a dynamic blend of uses.
    Historic Landmark: Iconic Colorado Midland Hotel, built in 1896, offering exceptional character.
    Transferable Income: Existing leases for commercial and residential units provide immediate cash flow.
    Significant Redevelopment Potential: Approximately 0.322 acres with +\/-5,364 sq. ft. of existing floor area.
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    Historic Basalt Mixed-Use Opportunity
    Updated: Mar 14, 2024
    Historic Basalt Mixed-Use Opportunity

    165 Midland Ave, Basalt, CO 81621

    $12,500,000
    5,547 sqft 0.32 AC lot
    Prime Downtown Location: Centrally located on Basalt's main street, close to retail, dining, and the Roaring Fork River.
    Mixed‑Use Zoning (C‑2): Allows for a dynamic blend of commercial, residential, and institutional uses.
    Significant Redevelopment Potential under Basalt's C‑2 zoning, with conceptual studies suggesting a luxury boutique hotel or mixed‑use development.
    Historic Charm with Modern Upgrades: Remodeled in 2006, preserving original architectural details.
    Transferable Income: Existing leases for commercial (restaurant) and residential units provide immediate cash flow.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Basalt, CO, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Mixed-Use Hospitality Property
    Turnkey Mixed-Use Hospitality Property

    502 W Main Street, New Castle, CO 81647

    $1,450,000
    7,474 sqft 0.11 AC lot

    Seven residential units and a leased ground-floor salon support a turnkey lodging operation.

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    Historic Hotel and Restaurant
    Historic Hotel and Restaurant

    500 Main Street, Fairplay, CO 80440

    $2,400,000
    0.67 AC lot

    Historic 1925 hotel with renovated interiors and a fully functional restaurant with leased space and patio.

    View details
    Historic Hotel with Restaurant
    Historic Hotel with Restaurant

    500 Main Street, Fairplay, CO 80440

    $2,400,000

    1925 historic hotel with 25 rooms and an on-site restaurant, currently used for workforce housing and income-producing dining.

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    Turnkey Mixed-Use Income Property
    Turnkey Mixed-Use Income Property

    502 W Main St, New Castle, CO 81647

    $1,450,000

    Turnkey mixed-use building with seven residential units and a ground-floor salon lease, plus retained restaurant venting.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Glenwood Springs Commercial Opportunity
    Glenwood Springs Commercial Opportunity

    51993 Hwy 6 & 24, Glenwood Springs, CO 81601

    $4,900,000
    3.93 AC lot

    Four acres in Glenwood Springs with diverse development possibilities.

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    Mountain Recreational Land with Highway Frontage
    Mountain Recreational Land with Highway Frontage

    10575 Co-82, Twin Lakes, CO 81251

    $1,499,999
    21.83 AC lot

    South-facing mountain land with utilities and a large flat building site along CO-82 frontage for flexible development.

    View details
    Fairplay Commercial Land on Highway
    Fairplay Commercial Land on Highway

    Us-285 lot: C01, Fairplay, CO 80440

    $1,200,000
    2.88 AC lot

    2.88-acre commercial lot with highway frontage in Fairplay, Colorado.

    View details
    Ski-In/Ski-Out Buildable Lot
    Ski-In/Ski-Out Buildable Lot

    Ski Trail Lane lot: 1, Steamboat Springs, CO 80487

    $5,975,000
    0.10 AC lot

    Ski-in/ski-out lot with utilities in Steamboat Springs, Colorado.

    View details

    Basalt, CO Hotels Market Trends and Statistics

    Explore 2 hotels for sale in Basalt, CO on our real estate platform. These investment opportunities span a total of 10,911 square feet of properties for sale, with an estimated market value of $25,000,000.

    Sale prices for resorts in Basalt, CO start at $12,500,000, averaging $12,500,000, and reaching up to $12,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 2

    Demographics Overview

    Population 6,349
    Population Growth (5Y) +7.1%
    Median Household Income $103,721
    College Educated 79.2%

    High-Yield Neighborhoods for Investment

    Identify Basalt submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    81621 $12.5M

    Taxes & Financing

    Tax Rate (average for all types) 8.31%
    Property Tax per SF $33.14 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Eagle County

    New Delisted

    Total CRE Inventory on Market (SF)

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