720 E Hyman Avenue, Aspen, CO 81611
$29,950,000
Property Type:
Commercial Sale
Square Footage:
27,732
Lot Size (sq. ft.):
8,994
Status:
Closed
Current Price:
$33,000,000
List Date:
4/01/2022
Last Modified:
4/25/2022
Description
The entire Aspen Athletic Club Building with 27,732 SF on the corner of Hyman Ave and Original St is offered for sale at $29,950,000. The 6,400 SF Top Floor (+ rooftop deck) is also offered separately at $15,950,000 with plans & entitlements to convert into 2 luxury penthouses (the LAST allowed in Aspen). The 2nd-level, street-level and 2 lower-level commercial units total 21,332 SF and are also offered separately for $14,000,000. Designed by Aspen Architect, Robin Molny in the ''Organic/Wrightian'' style, the AAC Building is historic with a voluntary landmark designation as ''Aspen Modern''. Buy the whole building, or only the top floor, or only the 4 commercial floors. One long-term lease. All other tenants are mo-to-mo for flexibility.The building permit is ready to pick up now, or before August 29, 2022.
Supplements: The building permit is ready to pick up now, or before August 29, 2022.
More Information MLS# 173904
Location Info
Current Price: $33,000,000
Type: Commercial
Major Area: Aspen
Area: 01-Central Core
Asking Price: 29950000
Original List Price: 29950000
Street #: 720
Street Direction Pfx: E
Street Name: Hyman
Street Suffix: Avenue
City/Town: Aspen
State/Province: CO
Postal Code: 81611
Keywords Info
Total Building SqFt: 20.001+
Association Dues: No
Payment Per: Unknown
Listing Info
Listing Date: 2022-03-01
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Aspen Association
General Info
Sub/Loc: Townsite of Aspen
County: Pitkin
Legal: See documents for Legal description
Zoning: MU
Lot SqFt: 8994
Nbr of Acres: 0.21
Levels: 5
Total SqFt: 27732
Inventory: No
Parcel #: 00000000000
Year Built: 1976
Directions: On the corner of Original Street and Hyman Avenue.
Financing Info
Metro Tax District: No
Taxes: 107290
Tax Year: 2021
Transfer Tax: Yes
Special Assessments: no
Status Change Info
Status: Closed
Under Contract Date: 2022-04-01
Proposed Close Date: 2022-04-25
Sold Date: 2022-04-25
Sold Price: $33,000,000
Sold Price Per/SF: 1189.96
How Sold: Cash
Remarks
Public Remarks: The entire Aspen Athletic Club Building with 27,732 SF on the corner of Hyman Ave and Original St is offered for sale at $29,950,000. The 6,400 SF Top Floor (+ rooftop deck) is also offered separately at $15,950,000 with plans & entitlements to convert into 2 luxury penthouses (the LAST allowed in Aspen). The 2nd-level, street-level and 2 lower-level commercial units total 21,332 SF and are also offered separately for $14,000,000. Designed by Aspen Architect, Robin Molny in the ''Organic/Wrightian'' style, the AAC Building is historic with a voluntary landmark designation as ''Aspen Modern''. Buy the whole building, or only the top floor, or only the 4 commercial floors. One long-term lease. All other tenants are mo-to-mo for flexibility.The building permit is ready to pick up now, or before August 29, 2022.
Property Features
Allowable Uses: Business w/RE; Income; Mixed Use; Office; Restaurant/Bar; Retail
Current Use: Office Building; Professional Service; Recreational
Construction: Frame
Condominiumized: Yes
Substructure: Finished Basement; Slab
Roof: Membrane
Condition: Good
Heating/Cooling: Central AC; Central Heating; Forced Air; Gas
Electric: Yes
Gas: Natural Gas
Sanitation: Sewer
Tenant Pays: Deposit; Electric
Owner Pays: Exterior Maintenance; Site Maintenance; Structural Maint
Parking: Street Parking; None
Access: Paved
Extras: Elevator; Fire Sprinkler Sys; Pool
Location Amenities: Corner Lot; High Visibility; View
Occupant: Tenant Occupied; Multiple Leases
Disclosures: Excluded Buyer; Has Known Defects
Documents on File: Leases
Water Rights: No
Mineral Rights: No
Terms Offered: Cash
Sign: No
Possession: DOD
Documents
Legal Description ›
Street Level Floor Plan ›Listing Office: Setterfield & Bright
Last Updated: April - 25 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
(970) 920-1833
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