Basalt Mountain Inn

For Sale

220 Midland Ave, Basalt, CO 81621

This Basalt property for sale is located at 220 Midland Ave. The general use of Basalt Mountain Inn is other and it incorporates 10,738 square feet of class C other space. The current listed sale price for Basalt Mountain Inn is $6,250,000. Basalt Mountain Inn is situated on a lot that is 0.61 acre in size.

Contacts

Dan Emert

Prime Investment Properties

Property Details

  • Property Type Other
  • Property Size 10,738 SF
  • Units 25
  • Lot Size 0.61 Acre
  • Building Class C
  • Year Built 1965
  • Year Renovated 2014
  • Date Updated May 29, 2026
Ideally positioned in the vibrant downtown core of Basalt, Basalt Mountain Inn sits at the gateway to Colorado’s world-famous resort corridor between Aspen and Glenwood Springs. This premier Rocky Mountain destination attracts affluent year-round travelers seeking skiing, fly fishing, hiking, rafting, and mountain adventure. The property is just minutes from Aspen/Pitkin County Airport, providing convenient access for national and international visitors. Guests also enjoy immediate proximity to the renowned Roaring Fork Valley, known for its world-class outdoor recreation, vibrant arts scene, and iconic mountain lifestyle. Downtown Basalt itself is undergoing a dynamic renaissance, blending historic charm with new riverfront parks, restaurants, boutiques, and pedestrian-friendly gathering spaces—making it one of the region’s most appealing and authentic mountain towns.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.
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Highlights

  • 25-Room Independent Boutique Inn with strong appeal to leisure travelers
  • Convenient Access to Aspen/Pitkin County Airport (approx. 30 minutes)
  • Limited Supply Mountain Resort Market with strong long-term hospitality fundamentals
  • Located in the Prestigious Roaring Fork Valley resort corridor
  • Opportunity for Operational Upside through management improvements or repositioning
  • Prime Downtown Location in Basalt, positioned between Aspen and Glenwood Springs
  • Rare Small-Asset Entry Opportunity into the highly sought-after Aspen resort market
  • 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

Attachments

Getting around

  • 69/100

    Walk Score ®

  • 44/100

    Bike Score ®

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Location

  • City Basalt, CO
  • Zip Code 81621

Points of Interest

  • Basalt Park and Ride

    0.41 miles

  • Basalt High School Trail Head

    0.88 miles

  • Basalt High School

    0.90 miles

  • Wingo Rio Grande Trailhead

    1.92 miles

  • Hooks Lane Trailhead

    2.87 miles

  • Old Snowmass Trailhead

    3.56 miles

  • Old Snowmass

    3.66 miles

  • Catherines Bridge

    6.92 miles

  • Triangle Park Parking Lot

    9.71 miles

  • Woody Creek

    9.98 miles

  • Element Basalt - Aspen

    2.86 miles

  • Rodelia

    3.88 miles

  • Whole Foods Market

    2.96 miles

Contact Listing Broker
Dan Emert

Prime Investment Properties

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