312 S Galena Street, Aspen, CO 81611 (MLS# 190579) -

312 S Galena Street, Aspen, CO 81611

$85,000,000

Property Type: Commercial Sale Square Footage: 8,826 Lot Size (sq. ft.): 2,820 Status: Active

Current Price: $85,000,000 List Date: 10/23/2025 Last Modified: 2/10/2026

Overview

Description

A rare opportunity to acquire one of Aspen's most iconic commercial properties, 312 S. Galena Street, a historic, four-level asset situated in the core of this globally recognized luxury destination. Currently secured by a long-term lease with one of the world's most prestigious luxury brands, this investment offers immediate, stable income and long-term value appreciation in one of the most supply-constrained and resilient markets globally. Beyond its current performance, the property offers significant upside through future repositioning at market rents, reflecting Aspen's accelerating demand and premium lease rates. This is more than a prime property; it's a legacy asset for the investor with vision, seeking to preserve generational wealth in a premier global market. Properties of this historic significance and strategic positioning rarely trade hands.

Listing Details MLS# 190579

Location Info

Inside City Limits: Yes
Condominiumized: No
Zoning City: Aspen
Zoning County: Pitkin
Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 85000000
Original List Price: 85000000
Street #: 312
Street Direction Pfx: S
Street Name: Galena
Street Suffix: Street
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Keywords Info

Total Building SqFt: 5,001 - 10,001
Association Dues: No

Listing Info

Occupant Type: Tenant
Seller/Owner is Licensed: No
Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Aspen Association

General Info

Sub/Loc: Townsite of Aspen
County: Pitkin
Legal: Subdivision: CITY AND TOWNSITE OF ASPEN Block: 95 Lot: K AND:- Lot: Thru M N. 32' OF K & L, N. 30' OF M
Zoning: Commercial
Lot SqFt: 2820
Nbr of Acres: 0.06
Stories: 4
Total SqFt: 8826
Unit SqFt: 8826
Parcel #: 273718224009
Year Built: 1900
Year Remodeled: 2001
Directions: Head east on E Main St toward S Mill St Turn right onto S Galena St. Building is on your left before the road curves into Cooper. PRADA is the tenant.

Financing Info

Metro Tax District: No
Taxes: 203327.6
Tax Year: 2024
Transfer Tax: Yes
Total HOA Fee Per Year: 0

Status Change Info

Sold Price Per/SF: 0

More Information

Remarks

Public Remarks: A rare opportunity to acquire one of Aspen's most iconic commercial properties, 312 S. Galena Street, a historic, four-level asset situated in the core of this globally recognized luxury destination. Currently secured by a long-term lease with one of the world's most prestigious luxury brands, this investment offers immediate, stable income and long-term value appreciation in one of the most supply-constrained and resilient markets globally. Beyond its current performance, the property offers significant upside through future repositioning at market rents, reflecting Aspen's accelerating demand and premium lease rates. This is more than a prime property; it's a legacy asset for the investor with vision, seeking to preserve generational wealth in a premier global market. Properties of this historic significance and strategic positioning rarely trade hands.

Current Use

Other: Retail

Allowable Uses

Hospitality: Yes
Hotel/Lodge: Yes
Office: Yes
Restaurant/Bar: Yes
Retail: Yes

Construction

Brick: Yes
Steel Frame: Yes

Electric

Yes: Yes

Basement/Substructure

Finished: Yes

Roof

Other: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Extras

Elevator: Yes
Fire Alarm: Yes
Fire Sprinkler Sys: Yes
Fireplace: Yes
Restrooms: Yes
Security System: Yes
Smoke Detectors: Yes
Storage: Yes
ADA Compliant: Yes

Heating/Cooling

Central AC: Yes
Gas: Yes

Location Amenities

High Traffic Loc: Yes
View: Yes

Documents on File

Appraisal: Yes
Leases: Yes
Rent Roll: Yes

Parking

Street Parking: Yes

Occupant

Tenant Occupied: Yes
3 - 5 Years: Yes

Disclosures

Reports Available: Yes

Terms Offered

Cash: Yes

Possession

DOD: Yes
Subject to Lease: Yes

Sign

No: Yes

Property Features

Allowable Uses: Hospitality; Hotel/Lodge; Office; Restaurant/Bar; Retail Construction: Brick; Steel Frame Roof: Other Electric: Yes Water: Public Sanitation: Sewer Parking: Street Parking Extras: ADA Compliant; Elevator; Fire Alarm; Fire Sprinkler Sys; Fireplace; Restrooms; Security System; Smoke Detectors; Storage Location Amenities: High Traffic Loc; View Occupant: Tenant Occupied; 3 - 5 Years Disclosures: Reports Available Documents on File: Appraisal; Leases; Rent Roll Terms Offered: Cash Sign: No Possession: DOD; Subject to Lease

Documents

Floor Plans ›

Square Footage Report ›

Listing Office: Compass Aspen

Last Updated: February - 10 - 2026

Broker Attribution: 970-925-6063

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