THE PHASE ONE BUILDING PERMIT IS IN HAND. CONSTRUCTION SHALL START 10/7/2019. This redevelopment property has all the 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.

  • MLS# 151196
  • Sub-Type Resale
  • Status Active
  • Year 2018
  • Days On Site 731
SQ Feet 7,500
Story(s) 0
Zoning Mixed Use (MU)
Listing Provided By:
Judy Sullivan  of  Compass Aspen
this listing $4,495,000
3,701.27%
$118,250 in 81611
this listing 7,500 SqFt
369.78%
1,597 SqFt in 81611
this listing $599 $/SqFt
693.45%
$76 $/SqFt in 81611
this listing 731 on site
480.16%
126 on site in 81611

Location

State CO
County Pitkin
City Aspen
Zip Code 81611
Area Aspen

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