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Prime Aspen Commercial Property for Sale | 408 E Cooper

Aspen commercial property for sale. Photo credit: ltRealtyAspen / Lex Tarumianz Group — listing for 408 E. Cooper Avenue, Aspen, CO.

Own a Piece of Aspen’s Story Aspen

Listed by Lex Tarumianz with Aspen Snowmass Sotheby’s International Realty, this Aspen commercial property for sale at 408 E Cooper Avenue stands at the heart of the city’s historic walking mall—offering a rare chance to own a legacy retail landmark. Step into Aspen’s commercial history at this three-story modernist property, a spotlight-ready address where mountain-town heritage meets high-net-worth foot traffic and blue-chip investment potential.

 

Property Snapshot

  • Location: 408 E. Cooper Avenue, Aspen, CO 81611
  • Designation: Prime Class A commercial property on the Cooper Avenue pedestrian mall
  • Current Use: Retail anchor (Aspen Sports) occupying approximately 13,419 sq. ft. across three floors
  • Asking Price: $32,000,000
  • Year Built: 1970, steel-frame construction
  • Style: Modernist commercial architecture typical of the era
  • Zoning: Commercial (Townsite of Aspen) 

 

Did You Know?

The pedestrian mall section of Cooper Avenue was completed and opened in 1976, converting downtown Aspen into a car-free, community-centered retail district with over 300,000 bricks laid to create the characteristic red-brick mall.

 

Why It Matters

This commercial property for sale occupies a front-row seat in Aspen’s commercial evolution. The transformation of Cooper Avenue into a pedestrian mall marked Aspen’s shift from a mining town to a world-class destination. Located centrally on this mall, 408 E. Cooper blends modern architecture with timeless value, offering investors both stability and legacy in Aspen’s tightly held core market.

 

History Through the Decades

  • 1880s–1920s: Early commercial buildings were predominately brick and stone, replacing timber as Aspen’s silver boom expanded.
  • 1950s–1960s: Post-silver bust, Aspen reinvented as a ski town and cultural center, embracing modernist commercial design in downtown redevelopment.
  • 1970: Construction of 408 E. Cooper as a modern retail building with steel-frame construction.
  • 1976: Opening of the Cooper Avenue pedestrian mall, establishing Aspen’s unique car-free retail corridor.
  • 2000s–Today: The building remains a highly visible retail destination, anchored by Aspen Sports and surrounded by luxury brands, dining, and art galleries.

 

Architectural Features

  • Clean, geometric modernist commercial design typical of early 1970s.
  • Steel-frame construction supporting three levels.
  • Approximately 60 feet of frontage on the pedestrian mall, providing excellent retail exposure.

 

Press Release Note on Brokers and Market

Leading Aspen commercial real estate brokers are now presenting 408 E. Cooper Avenue, Aspen, a rare opportunity to acquire one of downtown’s most prominent investment properties. With its long-term tenant stability, unmatched pedestrian exposure, and architectural pedigree, the property continues to draw strong attention from qualified investors. Compass Colorado, alongside other top Aspen brokerage firms, is actively fielding inquiries—highlighting the enduring strength of Aspen’s luxury retail corridor and its status as one of the most desirable commercial markets in the world.

Explore More of Aspen’s History. 

Learn how Aspen’s heritage landmarks and modern investments continue to shape the city’s future. To explore this listing—or similar Aspen commercial properties for sale—reach out to Aviva for more details and professional guidance.

 

Talk to us!

 

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Quick FAQs:

 
Q1: Where is this Aspen commercial property for sale located?
A1: It’s located at 408 E Cooper Avenue, right on Aspen’s historic walking mall between Mill Street and Galena Street, surrounded by top retail and dining destinations.
 
Q2: Why is 408 E. Cooper a legacy commercial opportunity?
A2: It anchors Aspen’s premier pedestrian mall with over 13,000 sq. ft. of Class A retail space.
 
Q3: Is the pedestrian mall historically significant?
A3: Yes, since its 1976 creation it has shaped Aspen’s downtown identity.
 
Q4: What architectural style defines 408 E. Cooper?
A4: Modernist commercial architecture of the early 1970s.
 
Q5: Can the property be subdivided?
A5: Yes, the floor plan is flexible for multi-tenant use.
 

Photo credit: ltRealtyAspen / Lex Tarumianz Group — listing for 408 E. Cooper Avenue, Aspen, Co
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