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Two parcels. One estate. No conservation easements. Endless development potential. Offered together for the first time, these properties represent something increasingly rare in the Roaring Fork Valley: the chance to build a multi-generational compound on 80 working acres -- a place rooted in the land, designed to be passed down. The long-term value is secure with exceptional water rights, irreplicable outbuildings, exclusive trail access and stunning mountain vistas. The property strikes the rare balance of quiet seclusion and premium convenience - surrounded by preserved land and views yet a stone's throw to Willits or the Roaring Fork Club and a central location within the area's regional airports. With its lower elevation and more temperate climate plus miles of world-class trails, fishing and exploring at your doorstep, this is a one-of-a-kind property in the most enchanting corner of the valley. See document tab for specifics on water and other features and improvements.

Two parcels. One estate. No conservation easements. Endless development potential. Offered together for the first time, these properties represent something increasingly rare in the Roaring Fork Valley: the chance to build a multi-generational compound on 80 working acres -- a place rooted in the land, designed to be passed down. The long-term value is secure with exceptional water rights, irreplicable outbuildings, exclusive trail access and stunning mountain vistas. The property strikes the rare balance of quiet seclusion and premium convenience - surrounded by preserved land and views yet a stone's throw to Willits or the Roaring Fork Club and a central location within the area's regional airports. With its lower elevation and more temperate climate plus miles of world-class trails, fishing and exploring at your doorstep, this is a one-of-a-kind property in the most enchanting corner of the valley. See document tab for specifics on water and other features and improvements.

2700 & 2701 Emma Road, Basalt

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.

2 Beds ⋅ 4 Baths ⋅ 187509 MLS

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.

165 Midland Avenue, Basalt

Development Opportunity- Mixed Used Zoning 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. This property combines exceptional character with investment and redevelopment potential. Studies indicate the feasibility of a luxury Boutique Hotel or mixed-use redevelopment with ground floor commercial and upper level residential units. 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/office spaces. • Zoning: C-2 Downtown Business District - Encourages a dynamic blend of commercial, residential, and institutional 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. A 2023 Feasibility Study detailing potential buildout options is available upon request. The property is offered without entitlements, and all interested parties are encouraged to conduct independent due diligence with the Town of Basalt.

Development Opportunity- Mixed Used Zoning 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. This property combines exceptional character with investment and redevelopment potential. Studies indicate the feasibility of a luxury Boutique Hotel or mixed-use redevelopment with ground floor commercial and upper level residential units. 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/office spaces. • Zoning: C-2 Downtown Business District - Encourages a dynamic blend of commercial, residential, and institutional 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. A 2023 Feasibility Study detailing potential buildout options is available upon request. The property is offered without entitlements, and all interested parties are encouraged to conduct independent due diligence with the Town of Basalt.

165 Midland Avenue, Basalt

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