MLS #126055 – Townsite of Aspen, Central Core, 602 E Hyman Avenue, Aspen, CO: Sold Date: 06/19/2012; Sold Price: $6,700,000 sq ft. More details below photos.

MLS #126055 – Townsite of Aspen, Central Core, 602 E Hyman Avenue, Aspen, CO: Sold Date: 06/19/2012; Sold Price: $6,700,000 sq ft. Aspen commercial industria for sale. Asking Price; $6,700,000. (Original Price: $6,700,000 and 337 days on the market since 07/19/2011.) This is an 1960 built, 7,071 sq ft commercial industria on a 6,000 sq ft lot. Broker comments are “Sold before MLS.” 2011 taxes: $38,305. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 03/06/2012; Sold Date: 06/19/2012. (Photos and broker comments courtesy of Setterfield & Bright)

After

MLS #152827 – Townsite of Aspen, Central Core, 602 E Hyman Avenue, Aspen, CO: Sold Date: 02/27/2018; Sold Price: $12,000,000 sq ft. More details below photos.

MLS #152827 – Townsite of Aspen, Central Core, 602 E Hyman Avenue, Aspen, CO: Sold Date: 02/27/2018; Sold Price: $12,000,000 sq ft. Aspen CO commercial properties for sale. Asking Price; $14,000,000. (Original Price: $14,000,000 and 56 days on the market since 01/02/2018.) This is a 1960 built, 7,071 sq ft commercial industria on a 6,000 sq ft lot. The building has approval rights for an additional 1,800 sq ft to add to the existing structure. That additional sq footage is for a penthouse addition, applied for just weeks before the City imposed a downtown penthouse moratorium in the spring of 2012 limiting free market residential units to 2,000 sq ft. Residential apartments are no longer allowed in the downtown core. See Ordinance 29 and other City of Aspen land use code changes enacted in March 2017.  According to City building department files, the cost of the building renovation was estimated to be $3.6M in the summer of 2016. No broker comments. 2017 taxes: $59,294. City of Aspen RETT Transfer Tax of approx. 1.5% payable by buyer. Under Contract Date: 01/11/2018; Sold Date: 02/27/2018. (Photos and broker comments courtesy of Coldwell Banker Mason Morse-Aspen)