701 E Valley Rd
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701 E Valley Rd
10,399 SF 100% Leased Retail Building Basalt, CO 81621 $17,995,000 ($1,730/SF)
Executive Summary
The Willits General Store is a 0.9-acre trophy property functioning as a gas station, convenience store, Willits Grill, and car wash. It is strategically located in the Willits Town Center, a bustling area anchored by some of the region's top-performing grocery stores, including Whole Foods and City Market, along with numerous Class A commercial and residential developments. Nearby amenities include Starbucks, The Steadman Clinic, the new Hoffman Hotel, Tree Farm Development, Park Modern, numerous restaurants, and The Arts Campus at Willits. Situated at a prominent corner with entry access, the property benefits from a daily traffic flow of approximately 28,000 vehicles, 3.5 times the combined population of Basalt and El Jebel. Since its completion in 2003, the Conoco station has featured eight covered fuel pumps, the Willits Wash car wash, a convenience store, and seven fully leased commercial spaces totaling 10,000 square feet. Key highlights include: - Exceptional co-tenancy. - Prime location in the heart of the Roaring Fork Valley, between Aspen and Glenwood. - 100% leased commercial spaces. - One of only seven gas stations on Highway 82 in the upper valley. One of two in the Willits area. - Termination option on the fuel contract, offering flexibility not found in other gas station properties. - Redevelopment clauses do not restrict the upstairs commercial space. - Sale includes gas station and c-store business and real estate.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,399 SF
Building Class
B
Year Built
2003
Price
$17,995,000
Price Per SF
$1,730
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.91 AC
Frontage
290 FT on East Valley Road
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | R052923 | Improvements Assessment | $554,220 |
Land Assessment | $665,010 | Total Assessment | $1,219,230 |
PROPERTY TAXES
Parcel Number
R052923
Land Assessment
$665,010
Improvements Assessment
$554,220
Total Assessment
$1,219,230
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701 E Valley Rd
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