220 Midland Ave - Hospitality FOR SALE


Basalt, CO 81621
$6,250,000 USD
970-819-4948
220 Midland Ave, Basalt, CO for Sale
$6,250,000 USD
Hospitality - FOR SALE
1/37
null | Request Cap Rate

220 Midland Ave
Basalt, CO 81621


HIGHLIGHTS

  • Prime Downtown Location – Situated in the heart of Basalt, between Aspen and Glenwood Springs
  • 25-Room Boutique Inn – Well-positioned independent lodging asset with strong leisure appeal
  • Renovated Asset – Updated in 2023 with modern mountain lodge design
  • Year-Round Tourism Demand – Driven by skiing, fly fishing, hiking, and outdoor recreation in the Roaring Fork Valley
  • Strategic Accessibility – Approximately 30 minutes to Aspen/Pitkin County Airport

OVERVIEW

The Basalt Mountain Inn offers a rare opportunity to acquire a boutique lodging asset in the heart of downtown Basalt, Colorado—one of the most desirable and supply-constrained markets in the Roaring Fork Valley. Ideally located near the confluence of the Fryingpan and Roaring Fork Rivers and steps from Midland Avenue’s dining and retail scene, the property benefits from strong year-round demand driven by tourism and outdoor recreation. Positioned as a more accessible alternative to Aspen, the Inn captures leisure travelers, fly-fishing enthusiasts, and outdoor adventurers seeking a high-quality mountain experience at a more attractive price point. Its proximity to Aspen Snowmass further enhances its appeal as a four-season destination. The property features well-appointed guest rooms and a streamlined, efficient operating model, offering flexibility for owner-operators and investors alike. Additional upside exists through potential renovations, rate growth, and enhanced positioning. This offering represents a compelling investment in a high-barrier-to-entry market with strong fundamentals, consistent demand, and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$582 USD /SF

# OF ROOMS

25

PRICE/ROOM

$250,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Basalt Mountain Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C2

APN/PARCEL ID

R025232

ASK ABOUT THIS PROPERTY

Dan EmertPrime Investment Properties LLCMore Info
970-819-4948

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Dan EmertPrime Investment Properties LLCMore Info
970-819-4948

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