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328 W MAIN - WEST ASPEN, COLORADO

Posted by Douglas Elliman Real Estate

12 May, 2020

328 W MAIN - WEST ASPEN, COLORADO

US$4,500,000.00

POSSIBLE OWNER FINANCING!This exceptional historic main street location presently houses 13 deed restricted units. The house was built in 1890. It became the Cooper Horse Ski Hostel in the 70s before being converted to affordable housing in 1985 as mitigation for lodge development at the base of Aspen Mountain, including the St. Regis. That deed restriction expires in 21 years. (April 16,2037) A perfect place to land bank with income(not a high cap rate indicator) or if you are in need of employee housing mitigation; this property might fit the bill for mitigation purposes by extending the deed restriction and upgrading.Can be sold as a package with 935 East Durant - Alpina Haus- (MLS: 143875) $12,000,000.Historic Image: Aspen Historical Society www.aspenhistory.or

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