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For Sale

Basalt Mountain Inn

220 Midland Ave, Basalt, CO 81621

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.

Key features

  • 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
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
Dan Emert

Prime Investment Properties

Building Details

  • For Sale $6,250,000
  • 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 16, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Somewhat Walkable (69)
  • Bike Score ®

    Somewhat Bikeable (44)
Powered by Walk Score ®

Location

  • City Basalt, CO
  • Zip Code 81621
  • Map
  • Street

Points of Interest

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

Mod’s Thai House

0.09 miles

Free Range Kitchen

0.20 miles

Wendy's

3.57 miles

Fatbelly Burgers

9.69 miles

Kenichi Izakaya

9.69 miles

The Village Smithy

9.72 miles

Brass Anvil

9.77 miles

Allegria

9.77 miles

Phat Thai

9.78 miles

220 Midland Ave Listing Summary

  • What is the asking price at Basalt Mountain Inn?

    Basalt Mountain Inn is currently listed for sale at Contact for pricing.

  • What is the total size of Basalt Mountain Inn?

    Basalt Mountain Inn has a total of 10,738 square feet.

  • What is the year built for Basalt Mountain Inn?

    The year built for Basalt Mountain Inn is 1965.

Contact Listing Broker
broker
Dan Emert

Prime Investment Properties

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