201 N Mill Street, Aspen, CO 81611

$8,500,000
Property Type: Commercial Sale Square Footage: 7,020 Lot Size (sq. ft.): 12,000 Status: Closed
Current Price: $8,500,000 List Date: 12/08/2012 Last Modified: 9/05/2024

Overview

Description

This is a great investment property with complete with permit ready entitlements for a redeveloped multi-use building of 25,000 leaseable square feet, 5 AH units and 5 free market units. The views over the river toward Red Mountain are beautiful. Includes 2 floors of professional offices suites plus 19 + parking spaces. Close to town and court house.

Listing Details MLS# 127937

Location Info

Type
Commercial
Major Area
Aspen
Area
01-Central Core
Asking Price
9900000
Original List Price
9900000
Street #
201
Street Direction Pfx
N
Street Name
Mill
Street Suffix
Street
City/Town
Aspen
State/Province
CO
Postal Code
81611

Keywords Info

Total Building SqFt
5,001 - 10,001
Association Dues
Yes

Listing Info

Short Sale
No
REO
No
Auction
No
In Foreclosure
No
Member Association
Aspen Association

General Info

Sub/Loc
None
County
Pitkin
Legal
All Condo Units Jerome Professional:Units 1A-2K
Lot SqFt
12000
Nbr of Acres
0.28
Total SqFt
7020
Business Name
Multiple
Inventory
No
Parcel #
273707317801
Year Built
1980
Year Remodeled
1990
Directions
North On Mill from Main Street behind Hotel Jerome one block on left

Financing Info

Taxes
42682
Tax Year
2011
Transfer Tax
Yes
HOA Dues
45630
Special Assessments
none

Status Change Info

Under Contract Date
2013-03-11
Proposed Close Date
2013-08-01
Sold Date
2013-08-01
Sold Price Per/SF
1210.83
How Sold
Cash

More Information

Remarks

Public Remarks
This is a great investment property with complete with permit ready entitlements for a redeveloped multi-use building of 25,000 leaseable square feet, 5 AH units and 5 free market units. The views over the river toward Red Mountain are beautiful. Includes 2 floors of professional offices suites plus 19 + parking spaces. Close to town and court house.

Allowable Uses

Hospitality
Yes
Hotel/Lodge
Yes
Income
Yes
Mixed Use
Yes
Multi-Family Res
Yes
Office
Yes
Single Family Res
Yes

Current Use

Income
Yes
Office Building
Yes

Construction

Brick
Yes

Condominiumized

Yes
Yes

Electric

Yes
Yes

Condition

Good
Yes

Basement/Substructure

Other
Yes

Gas

Natural Gas
Yes

Roof

Membrane
Yes
Tar/Gravel
Yes

Water

Public
Yes

Sanitation

Sewer
Yes

Extras

High Speed Available
Yes
Restrooms
Yes

Heating/Cooling

Central AC
Yes
Forced Air
Yes
Gas
Yes

Location Amenities

Corner Lot
Yes
High Traffic Loc
Yes
High Visibility
Yes
Intersection
Yes
View
Yes

Documents on File

CC & R's
Yes
High Speed Available
Yes
Leases
Yes

Parking

11 - 20 Spaces
Yes
Assigned
Yes
Covered Parking
Yes

Occupant

Owner Occupied
Yes
Tenant Occupied
Yes
1 - 2 Years
Yes
Escalations
Yes
Multiple Leases
Yes

Disclosures

Lease/Mve Out Clause
Yes
Owner Licensed
Yes

Tenant Pays

Annual Escalation
Yes
Association Fees
Yes
Building Insurance
Yes
Deposit
Yes
Electricity
Yes
Exterior Maintenance
Yes
Gas
Yes
Interior Maintenance
Yes
Parking Fee
Yes
Property Taxes
Yes
Sewer
Yes
Site Maintenance
Yes
Structural Maint
Yes
Trash Collection
Yes
Water
Yes

Terms Offered

Cash
Yes
Joint Venture
Yes
Lease Back
Yes
Lease Option
Yes

Possession

Subject to Lease
Yes

Expenses Include

Grounds Maintenance
Yes
Management
Yes
Snow Removal
Yes

Property Features

Allowable Uses: Hospitality; Hotel/Lodge; Income; Mixed Use; Multi-Family Res; Office; Single Family Res Current Use: Income; Office Building Construction: Brick Condominiumized: Yes Roof: Membrane; Tar/Gravel Condition: Good Electric: Yes Gas: Natural Gas Water: Public Sanitation: Sewer Tenant Pays: Annual Escalation; Association Fees; Building Insurance; Deposit; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Parking Fee; Property Taxes; Sewer; Site Maintenance; Structural Maint; Trash Collection; Water Parking: 11 - 20 Spaces; Assigned; Covered Parking Extras: High Speed Available; Restrooms Expenses Include: Grounds Maintenance; Management; Snow Removal Location Amenities: Corner Lot; High Traffic Loc; High Visibility; Intersection; View Occupant: Owner Occupied; Tenant Occupied; 1 - 2 Years; Escalations; Multiple Leases Disclosures: Lease/Mve Out Clause; Owner Licensed Documents on File: CC & R's; High Speed Available; Leases Terms Offered: Cash; Joint Venture; Lease Back; Lease Option Possession: Subject to Lease
IDX
Listing Office: Kruger and Company
Source MLS Verified
Last Updated: September - 05 - 2024
Broker Attribution: (970) 920-4001

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