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Improved Mixed-Use Land for Sale in Buena Vista, Colorado

12845 US Highway 24/285, Buena Vista, CO 81211

$1,680,000
1.52 acres
Active sale
Est $9,533/mo

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.

4,892
Sq feet
1982
Built

Location

Street address
12845 US Highway 24/285
Zip code
81211
Elevation
7,862 feet
Coordinates
38.8133, -106.1053

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

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

CategoryTypeStatus
PowerGridAvailable
GasNatural GasAvailable
SewageSewerConnected
WaterPrivate WellConnected

Listing history

DateEventPriceChangeSource
Aug 5, 2026New listing$1,680,000SAR
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This 1.52-acre property is located at 12845 US Highway 24/285 in Buena Vista, CO 81211. The property is available for sale, priced at $1,680,000. It has a 4,892 square foot structure built in 1982.

Checked 1 hour agoUpdated

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REcolorado

Based on information submitted to the MLS GRID as of Sept 21, 2026 11:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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