426 E Hyman St - Freestanding FOR SALE


Aspen, CO 81611
$26,500,000 USD
970-989-8157
426 E Hyman St, Aspen, CO for Sale
$26,500,000 USD
Freestanding - FOR SALE
1/3
null | 2.95% Cap Rate

426 E Hyman St
Aspen, CO 81611


OVERVIEW

A generational ownership opportunity in the heart of Aspen. 426 E. Hyman Ave presents a rare chance to acquire a landmark mixed-use asset on Aspen's iconic pedestrian mall -- a location that simply cannot be replicated. Spanning over 9,000 square feet across three levels, this legacy property combines premier street-level and upper-floor commercial space (6,800sf) with a stunning 2,317sf penthouse residence featuring four bedrooms and four bathrooms. The penthouse offers an exceptional live-work ownership option or a high-value residential income component to complement the commercial floors below. The property is currently anchored by two established tenants -- Overland Sheep and Escobar -- providing immediate, stable income from day one. The walking mall location delivers unmatched foot traffic from Aspen's year-round visitor base, ensuring sustained demand and long-term tenancy appeal that few commercial corridors in the country can match. Adding to its practicality and appeal, the property includes the rare benefit of off-street parking -- an exceptional amenity in Aspen's dense core, and a meaningful differentiator for both tenants and ownership. Whether held as a trophy income-producing asset, repositioned over time, or enjoyed as a flagship owner-use property, 426 E. Hyman represents the kind of irreplaceable real estate that defines a portfolio.

FOR SALE DETAILS

PRICE

$26,500,000 USD

PRICE/SF

$2,907 USD /SF

CAP RATE

2.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MultiUse

APN/PARCEL ID

R000469

ASK ABOUT THIS PROPERTY

Riley WarwickDouglas EllimanMore Info
970-989-8157

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Riley WarwickDouglas EllimanMore Info
970-989-8157

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.