220 Midland Ave
- Prime Downtown Location in Basalt, positioned between Aspen and Glenwood Springs
- 25-Room Independent Boutique Inn with strong appeal to leisure travelers
- Located in the Prestigious Roaring Fork Valley resort corridor
- Convenient Access to Aspen/Pitkin County Airport (approx. 30 minutes)
- Recently Renovated (2023-2024) with updated mountain lodge design
- Walkable Downtown Location near restaurants, shops, and recreation
- Year-Round Tourism Drivers including skiing, fly fishing, hiking, biking, and outdoor recreation
- Limited Supply Mountain Resort Market with strong long-term hospitality fundamentals
- Opportunity for Operational Upside through management improvements or repositioning
- Rare Small-Asset Entry Opportunity into the highly sought-after Aspen resort market
Property Description
Basalt Mountain Inn presents a rare opportunity to acquire a charming boutique lodging property in the heart of Basalt, strategically positioned within the highly desirable Roaring Fork Valley between Aspen and Glenwood Springs. This premier Rocky Mountain destination attracts affluent year-round travelers seeking world-class skiing, fly fishing, hiking, rafting, and outdoor recreation. Situated on approximately 0.61 acres in downtown Basalt, the property features 25 guest rooms across two stories totaling approximately 10,738 square feet. Originally built in 1965 and renovated in 2014, the inn blends a contemporary mountain lodge aesthetic with the charm and authenticity of an independent boutique property. The inn benefits from strong tourism demand driven by the nearby Aspen-Snowmass resort ecosystem, while offering a more approachable and authentic mountain-town experience. The property is located approximately 30 minutes from Aspen/Pitkin County Airport, providing convenient access for both domestic and international travelers. Downtown Basalt continues to experience significant revitalization with new riverfront parks, restaurants, boutique retail, and outdoor recreation amenities, further enhancing the town’s appeal as a destination within the valley. With limited lodging supply, strong regional tourism fundamentals, and proximity to one of the most prestigious resort markets in the United States, Basalt Mountain Inn represents a compelling investment opportunity in a high-barrier-to-entry mountain market.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $6,250,000 |
| No. of Units: | 25 |
| Year Built: | 1965 |
| Lot Size: | 0.61 Acres |
| Opportunity Zone: | No |
| Price per unit: | $250,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
2000 North Main Street
Roswell, New MexicoBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout