220 Midland Avenue

Basalt, CO 81621

About this property

The property is located in the heart of downtown Basalt on a 26,485 square foot lot and includes 25 hotel rooms spread across 10,760 gross square feet of building area. The hotel underwent a complete remodel in 2014, bringing the property up to current standards with upscale amenities and a contemporary mountain look. The Town of Basalt is undergoing a renaissance, merging its historic downtown character with a new river front park and recreation district. The subject property is a large parcel located near the center of Basalt's transformation. Many opportunities exist for the property. Earn income from the ''new'' hotel while planning for redevelopment.

Date Listed
July 12, 2018
Listing Status
Active
Days On Site
688
MLS#
155175

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Sub-Type
Resale
Year
1951
Garage
0
Pool
No
Story(s)
0
Property View
No
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$4,750,000 Active
0 Beds
Baths
26,485 SQFT

Presented By Coldwell Banker Distinctive Properties, Montrose

Get in touch today! Phone: (970) 249-2449
Brokerage
Montrose
(970) 249-2449
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Area Information

Basalt | Eagle County |

$ 4,750,000
This listing is play_arrow 428.1% higher than the average in the area
$ 899,500 in the area
26,485 SqFt
This listing is play_arrow 3769.2% larger than the average in the area
685 SqFt in the area
$ 179 $/SqFt
This listing is play_arrow 45.4% less than the average in the area
$ 328 $/SqFt in the area
688 days on site
This listing is play_arrow 272.9% above the average in the area
185 days on site in the area

Schools in the Area

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