$2,900,000
Basalt, CO 81621
MLS# 165572
Status: Closed
7288 sqft
1 / 18
Property Description
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.
Details
Maps
Documents
Location Info
Current Price: $2,500,000
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
Payment Per: Unknown
Listing Info
Listing Date: 2020-07-17
Short Sale: No
REO: No
Auction: No
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
Status Change Info
Status: Closed
Under Contract Date: 2021-01-25
Proposed Close Date: 2021-03-11
Sold Date: 2021-03-12
Sold Price: $2,500,000
Sold Price Per/SF: 343.03
How Sold: Cash
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.
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
Substructure: Finished Basement
Roof: Membrane
Condition: Excellent
Heating/Cooling: Central AC; Forced Air
Electric: Yes
Gas: Natural Gas
Sanitation: Sewer
Tenant Pays: Annual Escalation; Deposit; Electric; Gas; Sewer; Water
Owner Pays: Building Insurance; Electric; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Site Maintenance; Structural Maint; Trash; 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
Supplements
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.
Lower Level Floor Plan 
Listing Office: Setterfield & Bright
Last Updated: March - 12 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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Broker Attribution:
(970) 920-1833