Listed at $4,750,000.00 Location: Basalt Type: Commercial MLS: 155175 Sq Ft: 26485 Acres: 0.61 $186.90 per square foot Built in 1951
The property is located in the heart of 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.