Todd Conklin - Coldwell Banker Distinctive Properties
210 W Main Street
Aspen, CO 81611

$4,495,000

Description

REDEVELOPMENT PROPERTY WITH ALL FINAL LAND USE APPROVALS. The approvals are for eight, two-bedroom deed restricted, rental units. These approved, voluntary units qualify for the City of Aspen Certificate of Affordable Housing Credits Program. Based on the 2018 Fee-in- Lieu guidelines, the value of the Category 3 certificates generated from the project is $5,517,874. This is either a long term, income producing investment or sell the individual deed restricted, rental units at unrestricted prices. The seller, a long time local architect, has completed the most difficult and time consuming part of the approval process. Included in the list price are the Final Design Approval, (mass, scale, site plan, height, and parking),

Details

MLS#151196
Sub-TypeResale
StatusActive
Year2018
Days On Site374

Features

SQ Feet7,500
Story(s)0
ZoningMixed Use (MU)

Loading Form

Loading Form

Area Information

StateCO
CountyPitkin
CityAspen
Zip Code81611
AreaAspen
Listing VS Median (in 81611)
Price:
$4,495,000
low | high
Med:
$175,000
100% of Average
SqFt:
7,500
low | high
Med:
5,483
76.9% of Average
$ / SqFt:
$599
low | high
Med:
$8
100% of Average
On Site:
374
low | high
Med:
687
54.439592430859% of Average
Listing Updated: 10/17/2018
MLS Number: 151196
Listing Provided By:
Judy Sullivan  of  Compass

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Aspen Board of Realtors MLS.