$2,100,000
Basalt, CO 81621
MLS# 157767
Status: Closed
14189 sqft
1 / 27
Property Description
REDUCTION from previous listing. Unique opportunity to own one of Basalt's most iconic and recognizable properties. Three lots include Two Rivers Bar & Cafe and Midland Shoe building, residence in rear, and large storage building plus second story office. Located in the core of Historic Downtown, this is the Valley's longest continuously operating restaurant. Walking distance to everything you need: Shopping, gas station, convenience store, art galleries, Town Hall, Lions Park, the library, post office, fishing, hiking, biking, rafting, and more. Only two minutes from, Hwy. 82, short drive to Willits, Carbondale and Aspen.. Restaurant business leased for five years (income producing). Two dedicated parking spots in back. Historic designation. Approved easement from Homestead Drive in rear
Details
Maps
Location Info
Current Price: $1,250,000
Type: Commercial
Major Area: Basalt
Area: 05-Basalt Proper
Asking Price: 2100000
Original List Price: 2300000
Street #: 156
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: Year
Listing Info
Listing Date: 2019-02-05
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Aspen Association
General Info
Sub/Loc: None
County: Eagle
Country: United States
Legal: Tract: 47 Section: 7 Township: 8 Range: 86 PCLIN Subdivision: BASALT Lot: 3 THU Lot 5 and Lot: 8 and Lot: 9 PT OF...
Zoning: Mixed use
Lot SqFt: 14189.28
Nbr of Acres: 0.33
Total SqFt: 14189
Unit SqFt: 5471
Business Name: Two Rivers Cafe/Midland
Inventory: Yes
Parcel #: 246707403024
Year Built: 1910
Year Remodeled: 2005
Directions: From Highway 82, take the Basalt Avenue entrance to Midland Avenue. Turn right and continue on Midland approximately 1/4 mile to the property on the left.
Financing Info
Metro Tax District: No
Taxes: 38184
Tax Year: 2018
Transfer Tax: No
Status Change Info
Status: Closed
Under Contract Date: 2021-03-10
Sold Date: 2021-05-10
Sold Price: $1,250,000
Sold Price Per/SF: 88.1
How Sold: Cash
Remarks
Public Remarks: REDUCTION from previous listing. Unique opportunity to own one of Basalt's most iconic and recognizable properties. Three lots include Two Rivers Bar & Cafe and Midland Shoe building, residence in rear, and large storage building plus second story office. Located in the core of Historic Downtown, this is the Valley's longest continuously operating restaurant. Walking distance to everything you need: Shopping, gas station, convenience store, art galleries, Town Hall, Lions Park, the library, post office, fishing, hiking, biking, rafting, and more. Only two minutes from, Hwy. 82, short drive to Willits, Carbondale and Aspen.. Restaurant business leased for five years (income producing). Two dedicated parking spots in back. Historic designation. Approved easement from Homestead Drive in rear
Property Features
Allowable Uses: Business w/o RE; Business w/RE; Hospitality; Income; Mixed Use; Office; Restaurant/Bar; Retail; Single Family Res
Current Use: Restaurant; Retail Store
Construction: Frame; Steel/Metal; Stucco
Condominiumized: No
Roof: Metal
Condition: Average
Heating/Cooling: Central AC; Electric; Forced Air; Gas
Electric: Yes
Gas: Natural Gas
Sanitation: Community; Sewer
Tenant Pays: Annual Escalation; Deposit; Electric; Gas; Interior Maintenance; Op Costs Used Alone; Trash; Water
Owner Pays: Building Insurance; Exterior Maintenance; Property Taxes; Sewer; Site Maintenance; Structural Maint
Parking: 1 - 5 Spaces; Paved; Street Parking
Access: Easement; Paved; Unpaved
Extras: Fire Alarm; Fire Sprinkler Sys; High Speed Available; Kitchen Area; Restrooms; Smoke Detectors; Storage
Amenities: Bus/Shuttle Service
Location Amenities: Gentle Topo; High Traffic Loc; High Visibility; View
Occupant: Owner Occupied; Tenant Occupied; Multiple Leases
Documents on File: Easements
Water Rights: No
Mineral Rights: No
Terms Offered: Cash
Sign: No
Possession: DOD; Negotiable
Listing Office: Aspen Snowmass Sotheby's International Realty-Basalt
Last Updated: May - 10 - 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) 927-8080