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
$118,250 in 81611
this listing 7,500 SqFt
1,597 SqFt in 81611
this listing $599 $/SqFt
$76 $/SqFt in 81611
this listing 731 on site
126 on site in 81611


State CO
County Pitkin
City Aspen
Zip Code 81611
Area Aspen

Loading Form

Real Estate Links Our Domains