12845 US Highway 24/285 Buena Vista, CO $ 1,680,000
12845 US Highway 24/285
$ 1,680,000
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12845 US Highway 24/285

Buena Vista, CO, 81211
$ 1,680,000
Bedrooms-- Baths-- Sq 4,892

Monthly Estimate*

$ 10,608

Listed by Paffrath & Thomas Real Estate
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Commercial Property for sale in Buena Vista, CO

for $1,680,000. This 4,892 square foot building was built in 1982 on a lot size of 1.52.

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.

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Commercial Active

Price

$ 1,680,000

Property Type

Commercial

Taxes

$ 11,390

Style

Lot Size

1.52

Year Built

1982

Town/City

Buena Vista

County/Region

Chaffee

MLS | Web ID

7561677

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Connected
Possession Closing/DOD
Roof Metal
Zoning Commercial
Garage Spaces 0
Construction Materials Other
Exclusions Inclusion/Exclusion list can be provided.
Year Built 1982
Electric 220 Volts
Property Subtype Special Purpose
Tax Year 2025
Current Use Commercial
Building Name Slackwater Inn
County Chaffee
Property Type Commercial Sale
Attached Garage N
Building Features Front Desk On Site Management Wi-Fi
Status Active
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 approximat
City Buena Vista
Number Of Units Total 11
Lot Size Units Acres
Lot Size Square Feet 66211.2
Carport Spaces 0
Tax Annual Amount 11390.86
Standard Status Active
Occupancy Type Owner
Cap Rate 6.5
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Exterior
Parking Features Asphalt
Water Source Well
Total Parking 0
Lot Size Area 1.52
Building Area Total 4892
Lot Size Acres 1.52
Road Surface Type Paved
Road Frontage Type Public Year Round
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 12845
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* Excluded Features
List By
Paffrath & Thomas Real Estate

Broker

(970) 409-9909

Phone

Affordability Calculator

$11,557
Per Month
92%
8%
0%
Monthly Principal & Interest
$10,608
Monthly Property Taxes
$949
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$1,680,000 Listed Price

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12845 US Highway 24/285, Buena Vista, CO, 81211 is a Commercial Property for sale at $1,680,000 with 4,892 sqft and a lot size of 1.52. 12845 US Highway 24/285 was built in 1982. The property's zip code is 81211 which is in Buena Vista, CO