132 Midland Avenue

Basalt, CO 81621 / None

MLS ID# 165738 Closed
Commercial

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Closed $2,000,000

0.4 acres

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• Description
• Location Info
• Keywords Info
• Listing Info
• General Info
• Financing Info
• Details

Description

Prime Basalt Downtown Location with high pedestrian traffic & easy parking. The Midland Avenue Mall represents a unique opportunity to purchase a large, one of a kind, mixed use property in the heart of historic downtown Basalt. This award winning, architecturally designed property consists of two buildings of approx 6248 sq.ft. on an almost 17,500 sq.ft. lot, boasting 25 on-site parking spaces with an eclectic mix of long-term tenants. The Midland Avenue Mall has been condominiumized and zoning allows the potential addition of up to 3 more residential/commercial spaces under special review. The basement has separate storage lockers for additional rental income. No other property is ready to go for the creative, savvy investor wanting mid valley convenience.The original building which now houses Mod Thai's Restaurant, was built in 1965 out of cinder block and iron and was completely refurbished in 1994 with new exterior, new wiring, new plumbing, new interior finishes. Past restaurants included Johnny McGuire's, the Noodle Bowl and several retail stores most notably Hot Mama's. The main building which houses the retail and office spaces, was built in 1994 and includes the long time women's closing store, Faboo, Coven, a brand new bike and coffee shop and several office spaces. Prime Basalt Downtown Location with high pedestrian traffic & easy parking. The Midland Avenue Mall represents a unique opportunity to purchase a large, one of a kind, mixed use property in the heart of historic downtown Basalt. This award winning, ... show more

Location Info

• Type Commercial
• Major Area Basalt
• Area 05-Basalt Proper
• Street # 132
• 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

• TB% 3
• BB% 3
• Variable Comm False
• Flat Fee No
• Short Sale No
• REO No
• Auction No
• Agency Excl Right to Sell
• Foreclosure No
• Member Association Aspen Association
• Deeds Special Warranty

General Info

• SubLoc None
• County Eagle
• Legal Subdivision: MIDLAND MALL COMMERCIAL CONDOMINIUMS Unit: Z
• Zoning C-2
• Lot SqFt 17475
• Nbr of Acres 0.4
• Total SqFt 6248
• Account # R067086
• Parcel # 246707470005
• Year Built 1965
• Year Remodeled 1994
• Directions Hwy 82 to main Basalt turn. Roundabout to Midland Avenue. Cross over Two Rivers Road. On Left side of Midland Avenue, across from Alpine Bank.

Financing Info

• Metro Tax District No
• Taxes 39240
• Tax Year 2019
• Transfer Tax No
• Earnest $/% 5%
• Earnest $ Payable To Title Company

Details

• Allowable Uses

  Income, Mixed Use, Office, Restaurant/Bar, Retail

• Current Use

  Office Building, Professional Service, Restaurant, Retail Store

• Construction

  Brick, Concrete Block, Frame

• Condominiumized

  Yes

• Substructure

  Unfinished Basement

• Roof

  Metal, Tar & Gravel

• Condition

  Good

• Heating/Cooling

  Central AC, Electric, Forced Air, Gas

• Electric

  Yes

• Gas

  Natural Gas

• Water

  City

• Sanitation

  Sewer

• Parking

  21 + Spaces, Paved

• Access

  Paved

• Extras

  High Speed Available, Smoke Detectors

• Amenities

  Pets Allowed/Owner, Pets Allowed/Renter

• Location Amenities

  High Traffic Loc, High Visibility, View

• Occupant

  Tenant Occupied, 1 - 2 Years, Escalations, Multiple Leases

• Disclosures

  Lease/Mve Out Clause, Right of 1st Refusal

• Documents on File

  Leases, Survey/ILC

• Water Rights

  No

• Mineral Rights

  No

• Terms Offered

  Cash

• Sign

  No

• Possession

  Subject to Lease