165 Midland Ave, Basalt, CO 81621
- Turn key restaurants
- 3,800 SF
- 0.32 lot acres
Current Use by Public Records
- Tempranillo Restaurant / Restaurant
Property Details for 165 Midland Ave
- Year built
- 1898
- Lot size
- 0.32 lot acres
- Property type
- Turn key restaurants
- APN
- 2467 074 16 001
- APU
- 246707416001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 19, 2006 | $2,410,000 | Gbm LLC | Bender Trust | Warranty Deed | $1.6M · Alpine Bank |
| Mar 13, 2006 | — | Bender Trust | Bender,rudolf | Quit Claim Deed · related | — |
| — | — | Gbm LLC | — | Deed Of Trust · related | $469k · Front Range Regular Economic |
| — | — | Gbm LLC | — | Deed Of Trust · related | $1.4M · Alpine Bk |
| — | — | Waltraud Bender | — | Deed Of Trust · related | $525k · Alpine Bank |
Description
This exceptional commercial property, situated in the heart of downtown Basalt, Colorado, presents a unique investment opportunity. Just 20 minutes from Aspen, the 0.322-acre lot boasts a prime location with significant potential for high-end condominium hotel development. Currently, the property includes approximately 5,547 square feet of multi-use space. A substantial portion (approximately 1,820 square feet) is dedicated to a historical dining and bar area, enhanced by two fireplaces. The remaining first-floor commercial space comprises a kitchen, office, and storage areas. Three residential units are located on the upper level and rear of the building. The property also features a remodeled, approximately 1,820 square foot patio with a new roof, drop-down enclosures, and infra-red heaters for year-round use. New stone patios provide additional outdoor seating. A children's playground is also on-site. A 2023 feasibility study outlines potential future development options. However, the property is not being conveyed with entitlements
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Basalt
- County
- Eagle
- State
- Colorado
- Longitude
- -107.033
- Latitude
- 39.3687
- CBSA code
- 20780
- CBSA name
- EDWARDS, CO MICROPOLITAN STATISTICAL AREA
