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Basalt Center Circle 140 Basalt Center Cir 58 Unit Apartment Building For Sale Basalt, CO 81621

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EXECUTIVE SUMMARY

The offering is newly constructed ground level space in the redeveloped Clark’s Market in downtown Basalt. The space will be under two levels of new multi-family with both surface and podium parking. This unique project intends to add affordable employee housing and a great food option to the constrained Roaring Fork valley. Retail users will have first priority on up to 17 affordable housing units in the project, providing rare access to housing.
The 10,000 SF space is a great fit for a food hall, grocer or restaurant/bodega. The location caters to the booming local population that is moving down-valley and gentrifying Basalt. Modern retail in Basalt was pioneered by Willits Town Center, developed by the same team and home to Whole Foods who has experienced banner sales. This is the closest retail opportunity of this scale to Aspen.
Delivering summer of 2025 for tenant improvement work; the project will be up and running in fall of 2025. All transaction structures will be considered including sale, lease and joint venture.

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS Under Contract

Sale Type Owner User
No. Units 58
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.58 AC
Construction Status Under Construction
Building Size 30,000 SF
No. Stories 3
Year Built 2026
Zoning C-2 - Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Freezer
  • Vinyl Flooring
  • Quartz Countertops

SITE AMENITIES

  • Courtyard
  • Bicycle Storage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R025133
Land Assessment
$274,550 (2024)
Improvements Assessment
$756,580 (2024)
Total Assessment
$1,031,130 (2024)
  • Listing ID: 32273440

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 140 Basalt Center Cir, Basalt, CO 81621

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