201 Tree Farm Dr Basalt, CO 81621
- Commercial real estate
- 0.59 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 201 Tree Farm Dr
- Lot size
- 0.59 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.59-acre parcel in Basalt, Colorado, presents a unique opportunity to develop a stunning mixed-use property. Located in the Tree Farm PUD, the property (Lots A1-A4) boasts approved development rights and ready-to-build plans for a sophisticated development. The design encompasses 13,277 square feet of ground-floor retail space, envisioned as 5-7 individual units, perfect for restaurants and shops. These commercial spaces feature expansive decks overlooking picturesque Kodiak Lake. Above the retail level, plans include 14 luxurious condominiums spread across the second and third floors, each offering breathtaking lakefront and mountain views. Ample parking is ensured with a 46-space garage including storage units, supplemented by 66 perimeter parking spaces. All necessary permits and plans are in place, streamlining the development process. This property offers significant income potential through the commercial spaces while simultaneously providing the opportunity to sell the 14 residential units individually. The listing includes comprehensive documentation and disclosures. Note that this parcel can be purchased individually for $7,000,000 or as part of a larger acquisition encompassing four parcels (B1, B2, B3, C1, and A1-A4) for a total price of $14,875,000. This is a rare chance to create a landmark development in the desirable mid-valley location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Basalt
- County
- Eagle
- State
- Colorado
- Longitude
- -107.008
- Latitude
- 39.3695
