Built-Out Restaurant with
For Sale
$399,000
351 Market Street, Basalt, CO 81621
COMMERCIAL - Basalt, CO
Property Size2,855 SF
Price / SF$139.75
Days on Market16
Property Features for 351 Market Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
WTC PUD
Subdivision
Willits
Directions
Located at Willits, In the same building between Mezzaluna and Westbound and Down.
Standard status
Active
APN
000000000
Size
2,855 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SUBDIVISION: BLOCK SEVEN CONDOMINIUMS UNIT: R706
Legal Description
SUBDIVISION: BLOCK SEVEN CONDOMINIUMS UNIT: R706
Building Details
Year built
2017
Floors in Building
1
Listing Agency:
Setterfield & Bright
(970) 920-1833
Listed By:
Angi Wang, CNE
(970) 274-6117
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 21 at 8:06PM
MLS# 194158
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.
Investment Insights
Based on property information with market context.
This 2,855-square-foot restaurant property in Basalt was built in 2017 and is offered with an existing lease, goodwill, and all FF&E. The interior features custom wooden tables, handmade beams, and an established atmosphere suited to continued restaurant operations or a new concept. Separate utilities are paid by the tenant.
Located at 351 Market Street, the property is subject to WTC PUD zoning. The current lease expires in August 2028 and includes one 5-year option to extend. Base rent increases occur only every 5 years, and the tenant pays percentage rent of 6% over $1,000,000 in gross sales during each option term.
Located at 351 Market Street, the property is subject to WTC PUD zoning. The current lease expires in August 2028 and includes one 5-year option to extend. Base rent increases occur only every 5 years, and the tenant pays percentage rent of 6% over $1,000,000 in gross sales during each option term.
Key Highlights
- 2,855 SF restaurant property built in 2017
- Existing lease, goodwill, and all FF&E included
- Custom wooden tables and handmade beams
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
65k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 73%
Dining 12%
Shops & Services 10%
Hotels & Casinos 4%
City Market
Groceries
24,214 visits/mo
0.5 miles
Whole Foods Market
Groceries
23,645 visits/mo
0.1 miles
Starbucks
Dining
8,047 visits/mo
0.1 miles
Conoco
Shops & Services
6,814 visits/mo
0.2 miles
Element Basalt - Aspen
Hotels & Casinos
2,663 visits/mo
0.1 miles
Demographics for 81621, CO
6,034
Population
3,145
Households
1.9
Avg Household Size
41
Median Age
59%
College-Educated
96%
High-School Grad
258.7 sq mi
ZIP Area
23
Density / Sq Mi
$103,721
Median Household Income
$58,008
Median Earnings
$2,220
Median Rent
$1,138,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Custom wooden tables, handcrafted beams, and existing furnishings create a distinctive restaurant interior.
Where is this conventional restaurant located?
The property is located at 351 Market Street Basalt, CO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,855 SF restaurant property built in 2017; Existing lease, goodwill, and all FF&E included; Custom wooden tables and handmade beams
