165 Midland Avenue Basalt, CO 81621
COMMERCIAL - Basalt, CO
Property size:
5,364 SFLot size:
0.32 AcresPrice / SF:
$2,330/SF- Added:
- Feb 9, 2024
- Days on Market:
- 811
- Last Refresh:
- Apr 30 at 10:06 am
Property Features for 165 Midland Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 246707416001
- Size
- 5,364 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Condominium Units 1,2 and 3, Building 1, AND CONDOMINIUM UNIT 11, BUILDING 3 Frying Pan Inn Condomimiiums.
- Tax Annual Amount
- 19532
Building Details
- Year built
- 1896
- Floors in Building
- 2
- Building materials
- Frame, Brick
- Roof type
- Composition
Listing agent Cynthia Milling License #EA.001328368 (970) 379-1771
Listing office Douglas Elliman Real Estate-Willits 310 Market Street #104, Aspen, CO (970) 925-8810
Listing date Feb 9, 2024
MLS# 182521
Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Landmark Mixed-Use Potential
This historically significant property, the Colorado Midland Hotel, was built in 1896 and is recognized as a designated historic structure. The landmark building is situated in downtown Basalt, near boutiques, dining options, and the Roaring Fork River. The property offers investment and redevelopment potential. Studies suggest the feasibility of a boutique hotel or mixed-use redevelopment with ground floor commercial space and upper-level residential units. The existing configuration includes a first-floor restaurant and upper-level residential/office spaces. The C-2 Downtown Business District zoning encourages a mix of commercial, residential, and institutional uses. The building was remodeled in 2006, preserving its original architectural details. Existing leases for commercial and residential units provide income. The site, with approximately 0.32 acres and an existing +/-5,364 sq. ft. of floor area, allows for redevelopment under Basalt's C-2 zoning. A 2023 Feasibility Study detailing potential buildout options is available upon request. The property is offered without entitlements, and all interested parties are encouraged to conduct independent due diligence with the Town of Basalt.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tempranillo Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Basalt
- County
- Eagle
- State
- Colorado
- Longitude
- -107.033254
- Latitude
- 39.368714
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Iconic Basalt property with redevelopment potential in prime downtown location.
Where is this hotel located?
The property is located at 165 Midland Avenue Basalt, CO.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 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.
