Boutique Mountain
For Sale
Contact for pricing
Pending
220 Midland Ave, Basalt, CO 81621
Boutique inn with 25 guest rooms across two stories, renovated in 2023 and located in downtown Basalt.
Property SizeContact for details
Days on Market166
Property Features for 220 Midland Ave
General Information
Standard status
Pending
Property subtype
Hospitality
Zoning
C2
Additional Details
Business Included
Yes
Building Details
Year Built
1965
Year Renovated
2023
Buildings
3
Stories
2
Listing Agency:
Prime Investment Properties
Listed By:
Dan Emert · License #CO ER100070808
Source:
Crexi
Added: Mar 31
Changed: Aug 31
Last Checked: Sep 12 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Investment Properties
Investment Insights
Based on property information with market context.
A boutique mountain inn offering 25 guest rooms across two stories. Originally built in 1965, the property was renovated in 2023, featuring updated interiors and a contemporary mountain lodge aesthetic while maintaining the character of an independent inn.
The asset is located in downtown Basalt, within the Roaring Fork Valley resort corridor between Aspen and Glenwood Springs. It is positioned as a walkable option for nearby restaurants, boutique retail, riverfront parks, and outdoor recreation amenities.
Accessibility is highlighted by proximity to Aspen Snowmass and approximately 30 minutes from Aspen/Pitkin County Airport. The property operates in a year-round tourism market supported by seasonal demand from skiing and a range of outdoor and cultural activities.
The asset is located in downtown Basalt, within the Roaring Fork Valley resort corridor between Aspen and Glenwood Springs. It is positioned as a walkable option for nearby restaurants, boutique retail, riverfront parks, and outdoor recreation amenities.
Accessibility is highlighted by proximity to Aspen Snowmass and approximately 30 minutes from Aspen/Pitkin County Airport. The property operates in a year-round tourism market supported by seasonal demand from skiing and a range of outdoor and cultural activities.
Key Highlights
- Boutique mountain inn in downtown Basalt with 25 guest rooms across two stories
- Renovated in 2023; originally built in 1965
- Located in the Roaring Fork Valley resort corridor between Aspen and Glenwood Springs
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
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Business Placement
Demographics for 81621, CO
6,034
Population
3,145
Households
1.9
Avg Household Size
41
Median Age
59%
College-Educated
96%
High-School Grad
258.7 sq mi
ZIP Area
23
Density / Sq Mi
$103,721
Median Household Income
$58,008
Median Earnings
$2,220
Median Rent
$1,138,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Boutique inn with 25 guest rooms across two stories, renovated in 2023 and located in downtown Basalt.
Where is this hotel located?
The property is located at 220 Midland Ave Basalt, CO.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Boutique mountain inn in downtown Basalt with 25 guest rooms across two stories; Renovated in 2023; originally built in 1965; Located in the Roaring Fork Valley resort corridor between Aspen and Glenwood Springs
