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Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,117 SF
Building Class
B
Year Built/Renovated
1969/1985
Price
$36,096,974 CAD
Price Per SF
$3,959.30 CAD
Cap Rate
2.95%
NOI
$1,064,861 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.49
Lot Size
0.14 AC
Zoning
MultiUse
Parking
2 Spaces (0.22 Spaces per 1,000 SF Leased)

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • Jan 0000

For 50 years, their family-run business has offered superbly crafted outerwear, clothing, and home accents inspired by the American West and made from the finest sheepskin, leather, wool, and other natural materials. The first Overland Sheepskin opened in 1973 in a small adobe storefront in Taos, New Mexico, offering sheepskin apparel made with meticulous craftsmanship.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - Jan 0000
Exceptionally walkable
100/100
Exceptionally drivable
100/100
Some public transit
50/100
Very bikeable
80/100

Nearby Major Retailers

Pure Barre
City Market
Vectra Bank
Alpine Bank
U.S. Bank
Cosi
Chase
Wells Fargo Bank

Property Taxes

Property Taxes

Parcel Number
R000469
Land Assessment
$2,070,039 CAD
Improvements Assessment
$1,382,974 CAD
Total Assessment
$3,453,014 CAD
  • Listing ID: 40353131

  • Date on Market: 2026-04-30

  • Last Updated:

  • Address: 426 E Hyman St, Aspen, CO 81611

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