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$85,000,000
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Property Description
A rare opportunity to acquire one of Aspen's most iconic commercial properties, 312 S. Galena Street, a historic, four-level asset situated in the core of this globally recognized luxury destination. Currently secured by a long-term lease with one of the world's most prestigious luxury brands, this investment offers immediate, stable income and long-term value appreciation in one of the most supply-constrained and resilient markets globally. Beyond its current performance, the property offers significant upside through future repositioning at market rents, reflecting Aspen's accelerating demand and premium lease rates. This is more than a prime property; it's a legacy asset for the investor with vision, seeking to preserve generational wealth in a premier global market. Properties of this historic significance and strategic positioning rarely trade hands.
Full Property Details
Full Property Details for 312 S Galena St
General
- Price: $85,000,000
- Taxes: $203,327 (2024)
- Status: Active
- Type: Commercial
- Source: 106
- MLS ID: 190579
- Updated: 4/28/2026
- Added to Site: 188 day(s) ago
Interior
- Interior Features: Elevator
Additional Information
- Security/Safety: Security System
Location
- Area: Aspen
- County: Pitkin
- Subdivision: Townsite of Aspen
- Driving Directions: Head east on E Main St toward S Mill St Turn right onto S Galena St. Building is on your left before the road curves into Cooper. PRADA is the tenant.
Utilities
- Water: Public
Structural Information
- Exterior Const.: Steel Frame, Brick
- Roof: Other
- Square Feet: 8,826
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,820
- Zoning: Commercial
Financial Considerations
- Tax Amount: $203,327.6
- Tax Year: 2024
- Terms: Other, Cash
Disclosures and Reports
- Legal Description: Subdivision: CITY AND TOWNSITE OF ASPEN Block: 95 Lot: K AND:- Lot: Thru M N. 32' OF K & L, N. 30' OF M
- Property ID: 273718224009
Listed by Compass Aspen, Steven Shane
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Schools
Schools serving 312 S Galena St
School District:Aspen School District 1
| Name | Grades | Distance |
|---|---|---|
Aspen Elementary School 235 High School Road, Aspen, CO 81611 | K-4 | 1.6 mi |
Aspen Middle School 235 High School Road, Aspen, CO 81611 | 5-8 | 1.6 mi |
Aspen High School 235 High School Road, Aspen, CO 81611 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 312 S Galena St
Date
Details
Price
Change
Source
10/23/2025
Listed
$85,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 312 S Galena St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$257,527
27%
$7,163,940
16%
2024
$203,328
-10%
$6,184,870
—
2022
$226,750
19%
$6,184,870
17%
2021
$190,405
-2%
$5,285,370
—
2022
$193,772
—
$5,285,370
-2%
2020
$193,567
-2%
$5,417,950
-1%
2018
$196,633
2%
$5,454,900
1%
2019
$193,567
12%
$5,417,950
-1%
2017
$173,499
17%
$5,454,900
19%
2016
$148,371
1%
$4,569,060
—
2015
$146,457
35%
$4,569,060
41%
2014
$108,871
2%
$3,245,800
—
2013
$106,602
—
$3,245,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 312 S Galena St
312 S Galena Street, Aspen, CO 81611 (MLS# 190579) is a Commercial property. 312 S Galena Street is currently listed for $85,000,000 and was received on October 23, 2025. Want to learn more about 312 S Galena Street? Do you have questions about finding other Commercial real estate for sale in Aspen? You can browse all Aspen real estate or contact a Coldwell Banker agent to request more information.
