Listed at $4,950,000.00
Sq Ft: 26485
$186.90 per square foot
Built in 1951
The property is located in downtown Basalt on a 26,485 square foot lot and includes 25 hotel rooms spread across 10,760 gross square feet of building area. The hotel underwent a complete remodel in 2014, bringing the property up to current standards with upscale amenities and a contemporary mountain look. The Town of Basalt is undergoing a renaissance, merging its historic downtown character with a new river front park and recreation district. The subject property is a large parcel located near the center of Basalt's transformation. Many opportunities exist for the property. Earn income from the 'new' hotel while planning for redevelopment.
Listing information courtesy of Aspen Snowmass Sotheby's International Realty-Hyman Mall