720 E Hyman Avenue, Aspen, CO 81611 (MLS# 173904) -

720 E Hyman Avenue, Aspen, CO 81611

$33,000,000

Property Type: Commercial Sale Square Footage: 27,732 Lot Size (sq. ft.): 8,994 Status: Closed

Current Price: $33,000,000 List Date: 4/01/2022 Last Modified: 9/05/2024

Overview

Description

The entire Aspen Athletic Club Building with 27,732 SF on the corner of Hyman Ave and Original St is offered for sale at $29,950,000. The 6,400 SF Top Floor (+ rooftop deck) is also offered separately at $15,950,000 with plans & entitlements to convert into 2 luxury penthouses (the LAST allowed in Aspen). The 2nd-level, street-level and 2 lower-level commercial units total 21,332 SF and are also offered separately for $14,000,000. Designed by Aspen Architect, Robin Molny in the ''Organic/Wrightian'' style, the AAC Building is historic with a voluntary landmark designation as ''Aspen Modern''. Buy the whole building, or only the top floor, or only the 4 commercial floors. One long-term lease. All other tenants are mo-to-mo for flexibility.The building permit is ready to pick up now, or before August 29, 2022.

Supplements: The building permit is ready to pick up now, or before August 29, 2022.

Listing Details MLS# 173904

Location Info

Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 29950000
Original List Price: 29950000
Street #: 720
Street Direction Pfx: E
Street Name: Hyman
Street Suffix: Avenue
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Keywords Info

Total Building SqFt: 20.001+
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 Aspen
County: Pitkin
Legal: See documents for Legal description
Zoning: MU
Lot SqFt: 8994
Nbr of Acres: 0.21
Stories: 5
Total SqFt: 27732
Inventory: No
Parcel #: 00000000000
Year Built: 1976
Directions: On the corner of Original Street and Hyman Avenue.

Financing Info

Metro Tax District: No
Taxes: 107290
Tax Year: 2021
Transfer Tax: Yes
Special Assessments: no
HOA Dues: 0
Total HOA Fee Per Year: 0

Status Change Info

Under Contract Date: 2022-04-01
Proposed Close Date: 2022-04-25
Sold Date: 2022-04-25
Sold Price Per/SF: 1189.96
How Sold: Cash

More Information

Remarks

Public Remarks: The entire Aspen Athletic Club Building with 27,732 SF on the corner of Hyman Ave and Original St is offered for sale at $29,950,000. The 6,400 SF Top Floor (+ rooftop deck) is also offered separately at $15,950,000 with plans & entitlements to convert into 2 luxury penthouses (the LAST allowed in Aspen). The 2nd-level, street-level and 2 lower-level commercial units total 21,332 SF and are also offered separately for $14,000,000. Designed by Aspen Architect, Robin Molny in the ''Organic/Wrightian'' style, the AAC Building is historic with a voluntary landmark designation as ''Aspen Modern''. Buy the whole building, or only the top floor, or only the 4 commercial floors. One long-term lease. All other tenants are mo-to-mo for flexibility.The building permit is ready to pick up now, or before August 29, 2022.

Allowable Uses

Business w/RE: Yes
Income: Yes
Mixed Use: Yes
Office: Yes
Restaurant/Bar: Yes
Retail: Yes

Current Use

Office Building: Yes
Professional Service: Yes
Recreational: Yes

Construction

Frame: Yes

Access

Paved: Yes

Condominiumized

Yes: Yes

Electric

Yes: Yes

Condition

Good: Yes

Basement/Substructure

Finished: Yes
Slab: Yes

Gas

Natural Gas: Yes

Roof

Membrane: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Elevator: Yes
Fire Sprinkler Sys: Yes
Pool: Yes

Heating/Cooling

Central AC: Yes
Central Heating: Yes
Forced Air: Yes
Gas: Yes

Location Amenities

Corner Lot: Yes
High Visibility: Yes
View: Yes

Mineral Rights

No: Yes

Documents on File

Leases: Yes

Parking

Street Parking: Yes
None: Yes

Occupant

Tenant Occupied: Yes
Multiple Leases: Yes

Disclosures

Excluded Buyer: Yes
Has Known Defects: Yes

Tenant Pays

Deposit: Yes
Electricity: Yes

Owner Pays

Exterior Maintenance: Yes
Site Maintenance: Yes
Structural Maint: Yes

Terms Offered

Cash: Yes

Possession

DOD: Yes

Sign

No: Yes

Property Features

Allowable Uses: Business w/RE; Income; Mixed Use; Office; Restaurant/Bar; Retail Current Use: Office Building; Professional Service; Recreational Construction: Frame Condominiumized: Yes Roof: Membrane Condition: Good Electric: Yes Gas: Natural Gas Water: Public Sanitation: Sewer Tenant Pays: Deposit; Electricity Owner Pays: Exterior Maintenance; Site Maintenance; Structural Maint Parking: Street Parking; None Access: Paved Extras: Elevator; Fire Sprinkler Sys; Pool Location Amenities: Corner Lot; High Visibility; View Occupant: Tenant Occupied; Multiple Leases Disclosures: Excluded Buyer; Has Known Defects Documents on File: Leases Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: No Possession: DOD

Documents

Legal Description ›

Street Level Floor Plan ›

Second Level Floor Plan ›

Existing Top-Level Floor Plan ›

Approved Top - Level Floor Plan ›

Survey ›

Subbasement Floor Plan ›

Basement Floor Plan ›

Approved Roof Plan ›

Permit Extension ›

Listing Office: Setterfield & Bright

Last Updated: September - 05 - 2024

Broker Attribution: (970) 920-1833

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