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THE SOURCE OF THE DISPLAYED DATA IS EITHER THE PROPERTY OWNER OR PUBLIC RECORD PROVIDED BY NON-GOVERNMENTAL THIRD PARTIES. IT IS BELIEVED TO BE RELIABLE BUT NOT GUARANTEED. FOR COLORADO VIEWERS, INFORMATION ABOUT NON-COMMERCIAL PROPERTIES IS PROVIDED EXCLUSIVELY FOR YOUR PERSONAL, NON-COMMERCIAL USE.

575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 24 2025 AT 12:34 PM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

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165 Midland Ave

basalt, CO 81621

$13,495,000

  • logodouglas elliman exclusive

GET IN TOUCH WITH OUR AGENTS

Located only 20 minutes from Aspen, Colorado this Residential and Commercial land opportunity is in the heart of downtown Basalt, Colorado. The property consists of .322 acres with significant possibility to develop a gorgeous penthouse and/or a high end condominium hotel complex above the commercial space below.

There is approximately 5,400 existing square foot multi-use space built on the property. The historical dining and bar area are accented by two fireplaces which consists of approximately 1,820 square feet. The remaining commercial space located on the lower level consists of the Kitchen, Office and Storage areas. The restaurant business is included in the list price.

Residential Space: Three residential units are also located on the property on the upper level and to the rear of the building with transferable rental income. Future developments will require approvals from the Town of Basalt.

Commercial Space: Includes Dining, Bar, Kitchen, Office and Storage areas on the first floor.

Patios: Remodeled attached Patio which is approx. 1,820 square foot with a new roof and drop down enclosures to house guests year round with installed infra heaters. New Stone Patios allow for additional seating in the summer. Property also has an outdoor play ground for children.

Square Footage: Seller represents that the square footage amounts are approximates. Buyer to verify square footages.

Feasibility Study: Feasibility study created in 2023 identifies future development possibilities. Property is not being conveyed with entitlements. Buyer to verify entitlements with the Town of Basalt and obtain approvals.

Details

5,547 Sq Ft

0.32 Private Acres Exterior Space

Commercial

$15,922 Annual Tax

Built in 1892

MLS/Listing ID 182521

Amenities & Features

Lot - Landscaped

Composition

Furnished

Construction - Frame

Construction - Brick

Lot - Corner Lot

Listing Courtesy of DOUGLAS ELLIMAN REAL ESTATE-SMV, CYNTHIA MILLING - 970-379-1771

AGS

Source of Data: ASPEN GLENWOOD MLS

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