
Improved Mixed-Use Land for Sale in Buena Vista, Colorado
12845 US Highway 24/285, Buena Vista, CO 81211
Discover an exceptional investment opportunity with the Slackwater Inn, a charming lodging property ideally located along the Arkansas River corridor just minutes from downtown Buena Vista. This renovated 10-room inn combines mountain-modern comfort with the authentic Colorado lifestyle that attracts visitors from all over. Located at the gateway to some of Colorado's most sought-after outdoor recreation, the property offers convenient access to world-class rafting, fishing, hiking, mountain biking, skiing, hot springs, and countless year-round adventures. Its strategic location along US Highway 24/285 provides excellent visibility and accessibility while maintaining a peaceful riverside setting that guests appreciate.
The property features 10 recently remodeled rooms, including four double queen rooms, five king rooms, and one spacious three-bedroom, one-bathroom apartment that sleeps 6–8 guests. In addition, the property also features a front desk and manager's cottage. There is also the potential for a great value add opportunity to generate more revenue.
The property's reputation for cleanliness, convenience, and guest comfort has helped establish it as a preferred lodging choice. For investors seeking a turnkey hospitality asset with character, modern amenities, and exposure to Colorado's thriving outdoor tourism economy, Slackwater Inn represents an exceptional opportunity.
- Listed by Spencer Thomas, (970) 409-9909, Paffrath & Thomas R.E.S.C
Location
- Street address
- 12845 US Highway 24/285
- County
- Chaffee County
- Zip code
- 81211
- Elevation
- 7,862 feet
Directions
From downtown Buena Vista: Head South on US-24 E. Turn left onto US-24/285. The Slackwater Inn is located on your left.
From Fairplay: Head South on US-285 towards Buena Vista. After approximately 34 miles, the Slackwater Inn will be on your right.
Property details
- Acreage
- 1.52 acres66,211 sq ft
- Zoning
- Commercial
- MLS #
- REcolorado 7561677
- Posted
Property taxes
- 2025
- $11,391
Parcels
- R327122300028
Legal description
TRACT IN W2SW4 22-14-78 & TRACT B YEAGER BLA PLAT 315084 REC 466111
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Special Purpose
- Current Use
- Commercial
- Unit Count
- 11
- Possession
- Closing/DOD
Community
- Features
- Front Desk, On Site Management, Wi-Fi
Lot
- Road Frontage
- Public, Year Round
- Road Surface
- Paved
- Road Responsibility
- Public Maintained Road
Exterior
- Parking
- Asphalt
Structure
- Renovated
- 1986
- Electric
- 220 Volts
- Water
- Well
- Sewer
- Public Sewer
- Roof
- Metal
Property utilities
| Category | Type | Status |
|---|---|---|
| Power | Grid | Available |
| Gas | Natural Gas | Available |
| Sewage | Sewer | Connected |
| Water | Private Well | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 5, 2026 | New listing | $1,680,000 | — | SAR |

















































