220 Midland, Basalt, Colorado 81621

$4,250,000
10,738
SqFt
List Price
$4,250,000
Status
ACTIVE
MLS#
155175
Price Change
▼ $500,000 1596227136
Year Built
1951
Living Area
10,738
Acres
0.61
Lot Size Range
Basalt Mountain Inn
Region
Basalt
Neighborhood
05-Basalt Proper

Property Description

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.

Additional Information

Taxes
$49,178
Tax Year
2019

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall.