165 Midland Ave
Description
• Prime Downtown Location on Midland Avenue - Central lot on Basalt's main street corridor,...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. 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. • 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. • 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. • 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.
- Listed by Cynthia Milling • Douglas Elliman Real Estate-Hyman Ave • (970) 925-8810
Property Details for 165 Midland Avenue
Property Details for 165 Midland Avenue
| Status | Active |
|---|---|
| MLS # | 187509 |
| Days on Market | 692 |
| Taxes | $19,532 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Residential / Condominium |
| Year Built | 1896 |
| County | Eagle County |
Location
Building Information for 165 Midland Avenue
Payment Calculator
$63,395 per month
30 year fixed, 6.28% Interest
$61,767
$1,628
$0
Property Information for 165 Midland Avenue
- Directions: From Aspen head down valley on Hwy 82 and exit at the town of Basalt. Take a right and drive over the bridge onto Midland Avenue. Property is located in the middle of the town on the right next to Alpine Bank.
- Acreage: Refer to Lot Size
- Room Total: 0
- Under Construction: No
- Parcel #: 246707416001
- Lv Ht SqFt: 5,364.00
- Zoning: C-2
- Total SqFt: 5,364.00
- Lot Size Area: .32
- Stories: 2
- Unfinished SqFt: .00
- General Info: Year Remodeled: 2006.0
- Water Source: Community
- Roof: Composition
- Roof: Composition Shingles: Yes
- HOA Dues: $0
- Condition: Good
- Construction: Brick: Yes
- Construction: Frame: Yes
- Condition: Good: Yes
- Water Rights: No: Yes
- Extras: Landscaping: Yes
- Extras: Storage Shed: Yes
- Location Amenities: Corner Lot: Yes
- Mineral Rights: No: Yes
- Sign: Yes
- Substructure: Crawl Space: Yes
- Occupant Type: Owner
- Pre-Fabricated Home: No
- Listing Info: Short Sale: No
- Listing Info: REO: No
- Listing Info: Auction: No
- Listing Info: New Construction: No
- Tax Year: 2024
- Metro Tax District: No
- Keywords Info: Total HOA Fee Per Year: $.00
- Financing Info: Metro Tax District: No
- Financing Info: Transfer Tax: No
- Financing Info: HOA Transfer Fee: No
- Financing Info: Seller Will Trade: No
Property History for 165 Midland Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 9, 2025 | Price Change Aspen Glenwood MLS #187509 | $12,500,000 | — |
| Sep 4, 2025 | Price Change Aspen Glenwood MLS #187509 | $14,000,000 | — |
| Feb 8, 2024 | Listed (Active) Aspen Glenwood MLS #187509 | $13,495,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/09/2025 | Price Change Aspen Glenwood MLS #187509 | $12,500,000 |
| 09/04/2025 | Price Change Aspen Glenwood MLS #187509 | $14,000,000 |
| 02/08/2024 | Listed (Active) Aspen Glenwood MLS #187509 | $13,495,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 165 Midland Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Basalt Elementary School PublicPK to 4 | ||
Basalt Middle School Public5 to 8 | ||
Basalt High School Public9 to 12 | ||
Roaring Fork High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Douglas Elliman Real Estate-Hyman Ave, Cynthia Milling
All information is deemed reliable, but accuracy is not guaranteed. Listing information is based on information from the Aspen / Glenwood MLS for the period 02/08/2024 05:00 PM through 01/01/2026 10:12 PM. The property information being provided is for the consumer’s personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 12/10/2025 10:03 AM
