Setterfield & Bright Logo Aspen Real Estate Brokers
 
Home          
 
Testimonials
Commercial Listings
Residential Listings
Commercial Sold
In the Aspen Colorado News


407 South Hunter St #3
Aspen  CO  81611

Office:  970-920-1833
Fax: 970-920-1837
Contact Info
   
 

Downtown Aspen Commercial Core Properties

Print
 

Aspen Commercial Real Estate

MARKET SALES DATA: 2007 - 2013

Print
Date
Listed
Building Address List/Asking
PRICE
OR Sold Price
Approx
Size SF
Building
$/SF Listed By Comments
at the time of listing or current
SF
Lot Size
Land $/SF
Zoning Capitalization
Rate
N/A=not applicable
On the Market for Sale:            
12/2012
The LaCo Building
308 East Hopkins Ave
$9,975,000
6,750
$1,478
Lorrie B Aspen Ute City Grill/street-level 2,750 SF plus Syzygy restaurant/basement level 4,000 SF will vacate for new owner operators or new tenants. N/A COMMERCIAL CORE CC
N/A
5/2012
The Hampel Building
410 East Hyman Ave.
On the Mall
$11,500,000
10,874
$1,058
Setterfield & Bright 2 retail tenants plus 1 restaurant space for lease & 5 apartments all on 2 floors + lower level. On the sunny side of the Mall with UPSIDE! 5,832
$1,972
COMMERCIAL CORE CC
3.8%
estimated
4/2011
Riede's City Bakery Bldg
413 East Hyman Ave
on the mall
$3,300,000
1,628
$2,027
Setterfield & Bright Single-tenant retail building CAN BE EXPANDED. Partial 2nd floor with small apt & 2+ parking spaces. Leased to "Crazy Shirts". Not in MLS. 1,831
$1,802
COMMERCIAL CORE CC
4.7%
approx.
12/2010
Park Central West Bldg
Condominium Units 201 & 202
210 East Hyman Ave.
$1,495,000
1,563
$956
Setterfield & Bright South-facing, upscale office suite units with 4 offices, conference room, reception, 2 bathrooms, outdoor deck & 2 parking spaces. N/A OFFICE
N/A
11/2010
The Golden Horn Bldg.
Under Contract
400 East Cooper Ave.
On the Mall.
$8,950,000
8,444
$1,060
Raczak R.E. Co. On the corner of the Cooper Avenue Mall next to Wagner Park. Fully-leased to 4 local retail, restaurant and office tenants. 3,589
$2,494
COMMERCIAL CORE CC
3.6%
Total / Average For Sale: $35,220,000 29,259 $1,204     14,252    
        $1,666 Does not include condos: N/A 
                     
Date
Sold
Building Address Sold
PRICE
Approx
Size SF
Building
$/SF Condition
at the time of sale
Comments
at the time of sale
SF
Lot Size
Land $/SF
Zoning Capitalization
Rate
N/A=not applicable
Sold Properties* 2007-12:            
1/2013
The MasonMorse Bldg
514 East Hyman Ave
$6,300,000
5,888
$1,070
excellent
2 story office building with basement, owned & occupied by Coldwell Banker MasonMorse R E with plans for a penthouse addition. 3,000
$2100
COMMERCIAL CORE CC
N/A
12/2012
Ellie's Building
101 South Mill Street
Corner of Main Street
$12,000,000
14,811
$810
excellent
2 stories plus basement. Prime corner retail, restaurant & offices across from Hotel Jerome. American Nat'l Bank is the primary tenant. 9,000
$1333
COMMERCIAL CORE CC
Unavail.
12/2012
The Volk Plaza Building
500 East Cooper Ave.
Corner of Galena Street
$17,250,000
9,698
$1,779
excellent
3 stories plus basement. Prime retail & offices on the BEST corner in downtown Aspen. Fully-leased to Loro Piana and 5 other tenants. 3,978
$4336
COMMERCIAL CORE CC
4.6%
12/2012
Mountain Plaza Building
434 East Cooper Ave.
On the Mall.
$22,000,000
16,954
$1,298
average
A+ 100% Location on a very prime downtown corner. Leased to retail, restaurant & office tenants. Lots of upside & redevelopment potential. 9,022
$2438
COMMERCIAL CORE CC
4.2%
12/2012
Amelia's Building
407 East Hyman Ave
On the Mall
$3,225,600
3,531
$914
excellent
2 stories. Leased to "Aspen T-Shirt Co." through 2020 and "Noori's" through 2021. Great location, visibility and potential. 1,980
$1629
COMMERCIAL CORE CC
5.6%
12/2012
Aspen Sq. Commercial B
Retail Condominium
614 East Durant Ave.
$7,500,000
4,466
$1,679
excellent
The tenant, "Pomeroy Sports", owns this retail condo unit including 3,590 SF street-level plus 876 SF bsmnt. Prime corner near gondola. N/A COMMERCIAL CORE CC
N/A
10/2012
The GAP Building
204 South Galena St.
Corner of Hopkins Ave.
$15,000,000
11,117
$1,349
good
Street-level & basement spaces fully leased to the GAP through November 2012 plus 3,000 SF parking lot. Redevelopment value. 9,000
$1,667
COMMERCIAL CORE CC
2.4%
8/2012
Mother Lode Building
Condominium Unit #101
314 East Hyman Ave.
Commercial Unit - Street Level
$3,200,000
2,932
NEW
$1,091
NEW
NEW commercial street-level unfinished and vacant Retail Condominium Unit. Does not include residential unit. N/A COMMERCIAL CORE CC
N/A
6/2012
The Taylor Building
602 East Hyman Ave.
Corner of Hunter Street
$6,700,000
7,071
$948
good
Can be office or retail with a residential apartment on the 2nd floor & 6 parking spaces. Fully-leased. Expansion possibilities. 6,000
$1,117
COMMERCIAL C-1
4.3%
4/2012
A G Sheppard Building
302 East Hopkins Ave
$2,800,000
2,149
$1,303
excellent
Small historic victorian on a visible corner. Plans available for development of additonal building SF. Owner occupied as office. 3,000
$933
COMMERCIAL CORE CC
N/A
6/2011
Tom Thumb Bldg
Units #B201 and #B102
400 East Hyman Ave
On the Mall
$1,000,000
1,369
$730
good
Prime retail space with 409 SF on street-level and 960 SF below grade. Owner-occupied as a fine art gallery. N/A COMMERCIAL CORE CC
N/A
5/2011
Tom Thumb Bldg
Units #C101, C201, C301
400 East Hyman Ave Mall
$2,800,000
2,109
$1,328
good
3 very prime commercial condo units (garden level, street-level & 2nd floor) great visibility on the corner of Mill Street. N/A COMMERCIAL CORE CC
N/A
2/2011
Roaring Fork Building
Condominium Unit #16
415 East Hyman Ave Mall
Lower Level Unit
$1,580,000
3,588
$440
excellent
Lower-level commercial condominium unit with windows on the Mall and owner-occupied by The Mustang restaurant. N/A COMMERCIAL CORE CC
N/A
11/2010
623 East Hopkins Avenue
623 East Hopkins Ave
$2,500,000
1,961
$1,275
good
3 small victorian era historic buildings leased to local tenants including 2 salons, a consignment store and offices. Mainly LAND VALUE. 6,000
$417
COMMERCIAL C-1
Unavail.
11/2010
Aspen Legacy Property
517 & 521 E Hyman Ave
corner of Hunter Street
$17,750,000
8,762
$2,026
Average
5 city lots of 3,000 SF each including 2 buildings & an undeveloped parking lot. 3,000 SF leased to a restaurant, some historic considerations. Mainly LAND VALUE. 15,000
$1,183
COMMERCIAL CORE CC
NA
8/2009
625 Main Project
Sold at Auction in August & closed in Sept 2010.
625 East Main Street
$3,780,000
37,186
under construction
$102
construction with plans
New mixed-use building excavated but not built, with plans & approvals in place to complete penthouses, offices, garage & affordable housing. 10,000
$378
COMMERCIAL C-1
N/A
5/2010
Spring/Hopkins Corner
632 East Hopkins Ave
119 South Spring St.
$3,100,000
5,348
$580
excellent
2nd floor leased to 2 office tenants. First floor vacant. Small basement storage and 5 parking spaces. Redevelopment opportunity. 4,500
$689
COMMERCIAL C-1
NA
4/2010
Mill Street Mall Property
Aspen Comm. Condominiums
305/307 South Mill St
On the Mall.
$5,100,000
5,253
$971
good
2 Street-level restaurant units + 1 bsmnt & 2 patios. Unit B&C leased to "Pacifica". Unit A (+popcorn wagon) to be leased to a new tenant. 6,031
$846
COMMERCIAL CORE CC
5%
approx.
9/2009
Gorsuch Building
419 East Cooper Ave
on the mall
$5,000,000
7,513
$666
excellent
4,554 SF on street-level + 2,959 SF basement. Excludes 2 affordable houseing units. Gorsuch retail is leasing back the entire space. N/A COMMERCIAL CORE CC
8%
approx.
7/2009
The Patio Building
AKA the Crandall Building
630 East Hyman Ave
$4,600,000
12,016
$383
Average
Office building with many local tenants on 3 floors including "Sandy's Office Supply" on the main floor. 6,000
$767
COMMERCIAL C-1
Unavail.
7/2008
North of Nell Commercial
Condominium Unit C4B
555 East Durant Avenue
$2,900,000
1,156
$2,509
excellent
Street-level commercial condominium unit leased to local retail tenant "Attic Fantasies". Buyer owns several adjacent units. N/A COMMERCIAL CORE CC
6%
estimated
5/2008
Crystal Palace Building
300 East Hyman Ave.
$8,900,000
12,650
$704
good
Two stories plus basement historic brick building with office tenants and a restaurant / theatre. Sold with Grande Finale Bldg. below. 6,000
$1,483
COMMERCIAL CORE CC
N/A
4/2008
Aspenhof Building Unit RB-1
Basement Unit
520 East Cooper Ave.
$2,500,000
3,726
$671
good
Remodeled in 1996 & 2007. ALL BASEMENT-LEVEL with small front patio. Owner-operated bar/restaurant now closed. N/A COMMERCIAL CORE CC
N/A
2/2008
Aspen Sq. Commercial B
Condominium
614 East Durant Ave
$7,000,000
4,500
$1,556
excellent
Tenant, "Pomeroy Sports" bought its own retail condo unit including 3,590 SF street-level plus 876 SF basement. Prime corner. N/A COMMERCIAL CORE CC
N/A
2/2008
Bowman Block Building
(aka La Fave Building)
529-535 E. Cooper Ave.
$14,600,000
10,303
$1,417
poor
3 historic buildings connected as one building. 5 retail tenants, 1 office tenant, 5 apartments. AKA Stein Eriksen Building. 6,500
$2,246
COMMERCIAL CORE CC
4%
approx.
10/2007
Grande Finale Building
312 East Hyman Ave.
$4,000,000
2,226
$1,797
good
One story retail building. SOLD WITH CRYSTAL PALACE BLDG. 3,000
$1,333
COMMERCIAL CORE CC
N/A
Total / Average of Solds: $177,555,600 161,063 $1,102       105,011    
  Note: Totals do NOT include 625 E Main Street: Not built at the time of sale. $1,408 Does not include condos: N/A

*Includes recent sales of retail properties and large commercial properties (not all sales) in the Aspen Downtown Commercial Core area only.
Other sales data available upon request.

Prepared by:
Karen Setterfield

The information contained herein is from sources deemed to be reliable, but not guaranteed.
The reader is advised to conduct an independent investigation to determine reliability and accuracy
The properties shown above are to be presented for statistical market data analysis only.  Some properties are listed by other brokers.

AS OF
February 15, 2013
 

Home | Site Map | Terms of Use | Privacy Policy      © Copyright 2005 Setterfield & Bright      Website Design and Development by
SRE Marketing Solutions