110 Midland Avenue, Basalt, CO 81621
$2,500,000
Property Type:
Commercial Sale
Square Footage:
7,288
Lot Size (sq. ft.):
10,500
Status:
Closed
Current Price:
$2,500,000
List Date:
7/27/2020
Last Modified:
9/05/2024
Overview
Description
Supplements:
Listing Details MLS# 165572
Location Info
- Type
- Commercial
- Major Area
- Basalt
- Area
- 05-Basalt Proper
- Asking Price
- 2900000
- Original List Price
- 2900000
- Street #
- 110
- Street Name
- Midland
- Street Suffix
- Avenue
- City/Town
- Basalt
- State/Province
- CO
- Postal Code
- 81621
Keywords Info
- Total Building SqFt
- 5,001 - 10,001
- Association Dues
- No
Listing Info
- Short Sale
- No
- REO
- No
- Auction
- No
- In Foreclosure
- No
- Member Association
- Aspen Association
General Info
- Sub/Loc
- Townsite of Basalt
- County
- Eagle
- Legal
- Tract: 45 Township:8 Range:86 PCLIN BK-0131 PG-0206 WD 08-20-46 BK-0352 PG-0078 WD 01-14-83 BK-0698 PG-0823 ORD 07-02-96
- Zoning
- C2
- Lot SqFt
- 10500
- Nbr of Acres
- 0.24
- Total SqFt
- 7288
- Unit SqFt
- 7288
- Inventory
- No
- Parcel #
- 246707400055
- Year Built
- 1995
- Year Remodeled
- 2017
- Directions
- Take Highway 82 to Two Rivers Road, follow Two Rivers Road to Midland Avenue, the Building is across from Lion's Park and the Town of Basalt Offices
Financing Info
- Metro Tax District
- No
- Taxes
- 34984.9
- Tax Year
- 2020
- Transfer Tax
- No
- HOA Dues
- 0
- Total HOA Fee Per Year
- 0
Status Change Info
- Under Contract Date
- 2021-01-25
- Proposed Close Date
- 2021-03-11
- Sold Date
- 2021-03-12
- Sold Price Per/SF
- 343.03
- How Sold
- Cash
More Information
Remarks
- Public Remarks
- 110 Midland Avenue is one of the most centrally located and excellently maintained properties in the heart of historic downtown Basalt. Residential sales are seeing record levels, and the future of commercial enterprise continues to climb. With major redevelopment opportunities surrounding the area, the potential for charming & thriving Basalt looks bright. The Building is situated on a 10,500 SF lot; the street-level and second floor each have 2,493 SF, and the basement has 2,302 SF. There are currently three long-term tenants including the current owner/seller's business occupying the upper-level who would be willing to remain in the current lease or relocate, depending on the buyer's needs.With ample parking, high pedestrian traffic, surrounding restaurants & shops, and the booming local real estate market, this admirable investment building with upside potential should not be overlooked.
Allowable Uses
- Business w/RE
- Yes
- Hospitality
- Yes
- Hotel/Lodge
- Yes
- Income
- Yes
- Mixed Use
- Yes
- Office
- Yes
- Restaurant/Bar
- Yes
- Retail
- Yes
Current Use
- Medical
- Yes
- Office Building
- Yes
- Retail Store
- Yes
Construction
- Brick
- Yes
- Frame
- Yes
Access
- Paved
- Yes
Condominiumized
- No
- Yes
Electric
- Yes
- Yes
Condition
- Excellent
- Yes
Basement/Substructure
- Finished
- Yes
Gas
- Natural Gas
- Yes
Roof
- Membrane
- Yes
Water
- Public
- Yes
Sanitation
- Sewer
- Yes
Extras
- Storage
- Yes
Heating/Cooling
- Central AC
- Yes
- Forced Air
- Yes
Location Amenities
- Corner Lot
- Yes
- Gentle Topo
- Yes
- High Traffic Loc
- Yes
- High Visibility
- Yes
- Intersection
- Yes
- View
- Yes
Documents on File
- Financials
- Yes
- Leases
- Yes
Parking
- 6 - 10 Spaces
- Yes
Occupant
- Owner Occupied
- Yes
- Tenant Occupied
- Yes
- Escalations
- Yes
- Multiple Leases
- Yes
Tenant Pays
- Annual Escalation
- Yes
- Deposit
- Yes
- Electricity
- Yes
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
Owner Pays
- Building Insurance
- Yes
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Gas
- Yes
- Interior Maintenance
- Yes
- Property Taxes
- Yes
- Sewer
- Yes
- Site Maintenance
- Yes
- Structural Maint
- Yes
- Trash Collection
- Yes
- Water
- Yes
Terms Offered
- Cash
- Yes
Possession
- DOD
- Yes
- Subject to Lease
- Yes
Sign
- No
- Yes
Amenities
- Bus/Shuttle Service
- Yes
Property Features
Allowable Uses:
Business w/RE; Hospitality; Hotel/Lodge; Income; Mixed Use; Office; Restaurant/Bar; Retail
Current Use:
Medical; Office Building; Retail Store
Construction:
Brick; Frame
Condominiumized:
No
Roof:
Membrane
Condition:
Excellent
Electric:
Yes
Gas:
Natural Gas
Water:
Public
Sanitation:
Sewer
Tenant Pays:
Annual Escalation; Deposit; Electricity; Gas; Sewer; Water
Owner Pays:
Building Insurance; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Structural Maint; Trash Collection; Water
Parking:
6 - 10 Spaces
Access:
Paved
Extras:
Storage
Amenities:
Bus/Shuttle Service
Location Amenities:
Corner Lot; Gentle Topo; High Traffic Loc; High Visibility; Intersection; View
Occupant:
Owner Occupied; Tenant Occupied; Escalations; Multiple Leases
Documents on File:
Financials; Leases
Terms Offered:
Cash
Sign:
No
Possession:
DOD; Subject to Lease
Lower Level Floor Plan ›
Listing Office:
Setterfield & Bright
Last Updated: September - 05 - 2024
Broker Attribution:
(970) 920-1833
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc.
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