Tree Farm Dr Basalt, CO 81621

Property Details for Tree Farm Dr

Lot size

0.46 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 0.46-acre parcel in the desirable Tree Farm Planned Unit Development (PUD) in Basalt, Colorado. Lot C-1 boasts approved plans and a readily available permit for the construction of a 5,555 square foot retail space, offering high visibility and significant potential. Above the retail space, plans include 10 Eagle County deed-restricted housing units, totaling 5,238 square feet of residential space, comprising ten one-bedroom units. This development is ideally suited for a variety of uses, including a bank, spa, or wellness center. The retail space is also divisible into multiple smaller units, providing flexibility for various tenants. The property includes 35 parking spaces, ensuring ample convenience for both residents and customers. This property is part of the exciting Lakeside development, a vibrant mixed-use community featuring luxury residential units, The Hoffman Hotel, and additional restaurant and retail spaces. This listing presents a unique opportunity to acquire a single parcel, or, for a larger-scale investment, the opportunity exists to purchase this parcel in conjunction with three other parcels (B1, B2, B3, and A1-4) for a combined price of $14,875,000. The approved plans and permits streamline the development process, making this an attractive proposition for investors seeking a quick return on investment in a thriving Colorado community. The asking price for this individual parcel is $2,050,000.

Location Insight

City

Basalt

County

Eagle

State

Colorado

Longitude

-107.008

Latitude

39.3695