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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

140 Basalt Ctr Cir Basalt, CO 81621

10,000 SF Built 1966
Property ID
Property summary
AI-generated overview

This exceptional 10,000-square-foot retail space, located at 140 Basalt Center Circle in Basalt, Colorado (zip code 81621), presents a unique investment opportunity. Situated within the redeveloped Clark’s Market in downtown Basalt, this ground-level space offers unparalleled visibility and accessibility. The property is part of a new mixed-use development, featuring two levels of new multi-family residential units above, providing both surface and podium parking for a total of 40 spaces. This development aims to address the need for affordable employee housing in the Roaring Fork Valley, creating a vibrant and thriving community. The retail space is ideally suited for a restaurant, food hall, or grocery store, catering to the growing local population and the influx of residents moving to the area. This location benefits from its proximity to Aspen, offering a rare opportunity for a business to tap into a high-demand market. Construction is slated to begin in Summer 2023, with tenant improvement work commencing in Summer 2025 and an anticipated opening in Fall 2025. The property owner is open to various transaction structures, including sale, lease, and joint ventures. This is a chance to be part of a thriving community and a successful retail development, mirroring the success of the nearby Willits Town Center, which includes a high-performing Whole Foods Market. The property is conveniently located within 30 minutes of both Glenwood Springs and Aspen. A unique benefit includes potential access to up to 17 affordable housing units within the development.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1966
Total area 10,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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