110 Midland Ave Basalt, CO 81621-8305
- Office Properties & Spaces
- 6,581 SF
- 0.24 lot acres
Current Use by Public Records
- Basalt Clinic Pharmacy / Pharmacy / Drug Store
- Lankering Chiropractic & Brain Wellness / Chiropractor
- Thomas R. Lankering, DC / Chiropractor / Nutritionist
- RMC / Event Management Company
- RMC, Aspen / Event Management Company
Property Details for 110 Midland Ave
- Year built
- 1995
- Lot size
- 0.24 lot acres
- Property size
- 6,581 SF
- Property type
- Office Properties & Spaces
- APN
- 2467 074 00 055
- APU
- 246707400055
Description
This exceptional commercial property, located at 110 Midland Avenue in the heart of Basalt, Colorado, presents a rare investment opportunity. The 6,581 square foot building sits on a 0-acre lot and is a cornerstone of the downtown area. Its prime location ensures high visibility and accessibility for businesses and customers alike. Currently, the building boasts 100% occupancy with long-term leases in place, providing immediate and consistent cash flow. The tenant roster includes established and reputable businesses such as RMC, Basalt Clinic Pharmacy, and Dr. Tom Lankering Chiropractic, demonstrating the property's enduring appeal and strong tenant base. This triple-net leased structure minimizes the owner's operational responsibilities, making it an ideal investment for passive income generation. The building's solid construction and prime location in a thriving community contribute to its exceptional value and long-term potential. This is a turnkey investment opportunity with a proven track record of success, offering a stable and lucrative return on investment. The asking price of $4,200,000 reflects the property's exceptional value and strong tenant base. This is a unique chance to acquire a highly desirable commercial property in a sought-after location. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,565,000
- 6.5%
- $2,500,000
- 7%
- $2,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,525,000
- Geo Method
- $2,235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,280,000
- Retail
- $2,345,000
- Mixed-Use
- $2,050,000
- Hospitality
- $2,690,000
- Educational
- $2,630,000
- Residential Income
- $2,715,000
- Energy
- $2,005,000
- Income-Based Land
- $2,460,000
- Food Service
- $2,195,000
Location Insight
- Map
- Local Demand
- City
- Basalt
- County
- Eagle
- State
- Colorado
- Longitude
- -107.034
- Latitude
- 39.3694
- CBSA code
- 20780
- CBSA name
- EDWARDS, CO MICROPOLITAN STATISTICAL AREA
