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122 W Main St 3,488 SF Office Building Aspen, CO 81611 $13,250,000 ($3,798.74/SF)

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EXECUTIVE SUMMARY

Seller requires a leaseback in the commercial space. A three-year lese will need to commence at Closing and will end in December of that third year. They will need two, one-year extension options. The building is mixed-use, with commercial space on the ground floor and sub floor and a lodge on the second floor. Buyer can occupy/rent the lodge at Closing.

PROPERTY FACTS

Sale Type

Investment

Sale Condition

Sale Leaseback

Property Type

Office

Property Subtype

Office/Residential

Building Size

3,488 SF

Building Class

Year Built/Renovated

1995/2019

Price

$13,250,000

Price Per SF

$3,798.74

Tenancy

Single

Building Height

3 Stories

Typical Floor Size

1,162 SF

Building FAR

2.67

Lot Size

0.03 AC

Zoning

Mixed Use - The property is zoned Mixed Use, which allows a range of commercial uses, services uses, deed restricted affordable housing units and lodging.

Parking

2 Spaces (0.57 Spaces per 1,000 SF Leased)

MAJOR TENANTS

Finance and Insurance
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Welcome to Timberline Bank! They are a full service, independent and locally owned bank. The bank was chartered in October of 2004 by its employees and local investors from Grand Junction, Aspen and Montrose. Each of our markets has its own leadership and President. This allows Timberline Bank to better serve its communities because decisions are made at the local level.