Basalt Real Estate

Listed at $2,175,000.00
Location: Basalt
Type: Commercial
MLS: 165738
Sq Ft: 6248
Acres: 0.4
Built in 1965

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.