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

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

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Home facts

  • Year built:1892
  • Listing ID #:187509
  • Added:185 day(s) ago
  • Updated:September 26, 2025 at 06:37 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:1892
  • 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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