165 Midland Ave Basalt, CO 81621

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