165 Midland Avenue, Basalt, CO 81621

Local realty services provided by:ERA New Age
165 Midland Avenue,Basalt, CO 81621
$14,000,000
  • 4 Beds
  • 5 Baths
  • 5,364 sq. ft.
  • Single family
  • Active
Listed by: cynthia milling
Office: douglas elliman real estate-hyman ave
MLS#:187509
Source:CO_AGSMLS

Price summary

  • Price:$14,000,000
  • Price per sq. ft.:$2,609.99

About this home

Development Opportunity- Mixed Used Residential and Commercial Zoning A rare opportunity to acquire one of Basalt's most iconic and historically significant properties- the Colorado Midland Hotel, built in 1896 and recognized as a designated historic structure. Currently home to the renowned Tempranillo Restaurant, this landmark building is ideally situated in the heart of downtown Basalt, steps from local boutiques, fine dining, and the Roaring Fork River. This property combines exceptional character with investment and redevelopment potential, offering income from both residential on the upper level and the commercial restaurant below. Property Highlights • Prime Downtown Location on Midland Avenue - Central lot on Basalt's main street corridor, surrounded by active retail, dining, and cultural amenities. • Mixed-Use Potential - Existing configuration includes first-floor restaurant and upper-level residential/office spaces. • Zoning: C-2 Downtown Business District -

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Home facts

  • Year built:1896
  • Listing ID #:187509
  • Added:235 day(s) ago
  • Updated:November 16, 2025 at 03:12 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5
  • Full bathrooms:3
  • Half bathrooms:2
  • Living area:5,364 sq. ft.

Structure and exterior

  • Year built:1896
  • Building area:5,364 sq. ft.
  • Lot area:0.32 Acres

Utilities

  • Water:Community

Finances and disclosures

  • Price:$14,000,000
  • Price per sq. ft.:$2,609.99
  • Tax amount:$19,532 (2024)
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