207 Elm St - Hospitality FOR SALE


Leadville, CO 80461
$1,300,000 USD
651-492-0563
207 Elm St, Leadville, CO for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/31
null | 6.4% Cap Rate

207 Elm St
Leadville, CO 80461


HIGHLIGHTS

  • 11 Key Historic Boutique Hotel located in Leadville, Colorado, the highest-elevation incorporated city in the United States at 10,158 feet
  • A fully self-service boutique hotel with secure keyless entry and seamless digital check-in. No front desk required
  • Flexible Unit Mix with King, Queen, Queen Bonus, and King ADA rooms, each accommodating up to 2 guests
  • In-Room Amenities include private bathrooms with showers and tubs, televisions with cable channels, mini-fridges, microwaves, and coffeemakers
  • Value-Add Upside: Opportunities for rate optimization, branding refinement, enhanced digital marketing, and curated guest programming.
  • Broker of Record: Michael Corbey with Realspace Commercial Real Estate LLC

OVERVIEW

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of the Old Tale Inn, a historic boutique hotel located in Leadville, Colorado (“Property”). The Old Tale Inn is a fully self-service boutique hotel with secure keyless entry and seamless digital check-in. No front desk requiredLeadville, Colorado is the highest incorporated city in the United States at 10,119 feet, and is a year-round destination for outdoor recreation and heritage tourism. The Property offers an intimate lodging experience aligned with Leadville’s authentic character and growing demand for unique, experience-driven accommodations. It features well-appointed guest rooms that support efficient operations and strong per-key revenue potential. Its walkable location near downtown Leadville’s restaurants, shops, and cultural attractions provides consistent demand from leisure travelers, event visitors, and outdoor enthusiasts alike. The Property presents a compelling opportunity for an owner-operator or boutique hospitality investor to acquire a character-driven asset in a supply-constrained mountain market, with upside through rate optimization, branding, and enhanced guest experiences. This Property would also perform very well as a conversion to affordable housing. Each room is equipped with private bathrooms featuring showers and tubs, televisions, mini-fridges, microwaves, and coffee makers. Additional amenities include an outdoor hot tub available for guest use and free parking directly in front of each room. Two of the units feature kitchens.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$543 USD /SF

# OF ROOMS

11

PRICE/ROOM

$118,182 {currency}

CAP RATE

6.4%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Tale Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,396 SF

ZONING

R2

APN/PARCEL ID

263326122002

ASK ABOUT THIS PROPERTY

Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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

Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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