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    308 Ll1 Aspen, CO 81611

    Under Contract
    For Sale
    $10,500,000

    COMMERCIAL - Aspen, CO

    Property size:
    8,337 SF
    Lot size:
    0.14 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 308 Ll1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    CC
    APN
    27370329011
    Interior features
    Elevator
    Basement
    Finished
    Accessibility
    Accessible Elevator Installed
    Size
    8,337 SF
    Lot size
    0.14 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    2009
    Floors in Building
    3
    Building materials
    Concrete, Block, Steel Frame, Brick
    Roof type
    Membrane

    Setterfield & Bright (304) 561-8760 [email protected]

    Listing agent Karen Setterfield, MBA, CCIM, CNE (970) 920-1833

    Listing date Oct 27, 2025

    Copyright © 2025 Aspen/Glenwood Springs 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

    Aspen Commercial Income Property

    This commercial income property is located in a prime downtown Aspen location on 'Restaurant Row'. The property includes Unit 101, which has 2,678 square feet and is leased long-term to Sway Thai restaurant. Unit LL-1 features 3,868 square feet and is leased long-term to Hai Si restaurant. Additionally, Units 202, 203 & 204 are affordable housing residential units leased annually to qualified APCHA tenants. The property has a lot size of 0.14 acres and a total property size of 8,337 square feet. The zoning is CC. Free market residential Penthouse units are NOT included.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Aspen
    County
    Pitkin
    State
    Colorado
    Longitude
    -106.820192
    Latitude
    39.190217

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    FAQs

    What type of property is this?
    Restaurant - Commercial income property in prime downtown Aspen location.
    Where is this restaurant located?
    The property is located at 308 Ll1 Aspen, CO.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: - Prime downtown Aspen location on ''Restaurant Row''; - Long-term leases in place with Sway Thai and Hai Si restaurants; - Commercial income property with two restaurant tenants
    (970) 920-1833
    Request Owner's contact information
    308 Ll1 Aspen, CO 81611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    308 Ll1 Aspen, CO 81611
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