140 Basalt Ctr Cir Basalt, CO 81621

Property Details for 140 Basalt Ctr Cir

Year built

1966

Property size

10,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Basalt

County

Eagle

State

Colorado

Longitude

-107.034

Latitude

39.3683