165 Midland Ave Basalt, CO 81621
Estimated payment $69,702/month
Highlights
- Corner Lot
- Brick or Stone Mason
- Storage Shed
- No HOA
- Landscaped
- 2-minute walk to Basalt Lions Park
About This Home
A rare opportunity to acquire one of Basalt's most iconic and historically significant properties- the Colorado Midland Hotel, built in 1896 and recognized as a designated historic structure. Currently home to the renowned Tempranillo Restaurant, this landmark building is ideally situated in the heart of downtown Basalt, steps from local boutiques, fine dining, and the Roaring Fork River. Property Highlights
•Prime Downtown Location on Midland Avenue - Central lot on Basalt's main street corridor, surrounded by active retail, dining, and cultural amenities.
•Mixed-Use Potential - Existing configuration includes first-floor restaurant and upper-level residential.
•Zoning: C-2 Downtown Business District - Encourages a dynamic blend of commercial and residential uses within a pedestrian-friendly setting.
•Historic Charm, Modern Upgrades - Carefully remodeled in 2006 while preserving its original architectural details.
•Transferable Income - Existing leases for both commercial and residential units provide immediate cash flow. With approximately 0.322 acres and an existing ±5,364 sq. ft. of floor area, the site allows for significant redevelopment potential under Basalt's C-2 zoning. The property is offered without entitlements, and all interested parties are encouraged to conduct independent due diligence with the Town of Basalt. Refer to MLS 182521 for more information on the Commercial Mixed Use Development Opportunity.
Listing Agent
Douglas Elliman Real Estate-Willits Brokerage Phone: (970) 925-8810 License #EA.001328368 Listed on: 03/25/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $19,113
Year Built
- Built in 1896
Lot Details
- Landscaped
- Property is in good condition
Home Design
- Brick or Stone Mason
- Frame Construction
- Composition Roof
- Composition Shingle Roof
Interior Spaces
- 5,364 Sq Ft Home
- 2-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 2 Bedrooms
Additional Features
- Storage Shed
- Mineral Rights Excluded
- Water Rights Not Included
Community Details
- No Home Owners Association
- Townsite Of Basalt Subdivision
Listing and Financial Details
- Assessor Parcel Number 246707416001
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,922 | $227,080 | $227,080 | |
| 2024 | $15,480 | $185,370 | $185,370 | |
| 2023 | $15,480 | $185,370 | $0 | $185,370 |
| 2022 | $12,221 | $133,200 | $0 | $133,200 |
| 2021 | $12,406 | $133,200 | $0 | $133,200 |
| 2020 | $13,211 | $147,100 | $0 | $147,100 |
| 2019 | $13,366 | $147,100 | $0 | $147,100 |
| 2018 | $13,296 | $144,240 | $0 | $144,240 |
| 2017 | $12,716 | $144,240 | $0 | $144,240 |
| 2016 | $12,062 | $134,800 | $0 | $134,800 |
| 2015 | -- | $134,800 | $0 | $134,800 |
| 2014 | $11,501 | $136,520 | $0 | $136,520 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/09/2025 12/09/25 | Price Changed | $12,500,000 | -10.7% | $2,330 / Sq Ft |
| 09/04/2025 09/04/25 | Price Changed | $14,000,000 | +3.7% | $2,610 / Sq Ft |
| 06/27/2025 06/27/25 | For Sale | $13,495,000 | 0.0% | $2,516 / Sq Ft |
| 06/27/2025 06/27/25 | Off Market | $13,495,000 | -- | -- |
| 03/25/2025 03/25/25 | For Sale | $13,495,000 | -- | $2,516 / Sq Ft |
Source: Aspen Glenwood MLS
MLS Number: 187509
APN: R025604
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