207 Elm St, Leadville, CO 80461 For Sale

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of the Old Tale Inn, a historic boutique hotel located in Leadville, Colorado (“Property”). The Old Tale Inn is a fully self-service boutique hotel with secure keyless entry and seamless digital check-in. No front desk required.

Leadville, Colorado is the highest incorporated city in the United States at 10,119 feet, and is a year-round destination for outdoor recreation and heritage tourism. The Property offers an intimate lodging experience aligned with Leadville’s authentic character and growing demand for unique, experience-driven accommodations. It features well-appointed guest rooms that support efficient operations and strong per-key revenue potential. Its walkable location near downtown Leadville’s restaurants, shops, and cultural attractions provides consistent demand from leisure travelers, event visitors, and outdoor enthusiasts alike.

The Property presents a compelling opportunity for an owner-operator or boutique hospitality investor to acquire a character-driven asset in a supply-constrained mountain market, with upside through rate optimization, branding, and enhanced guest experiences. This Property would also perform very well as a conversion to affordable housing. Each room is equipped with private bathrooms featuring showers and tubs, televisions, mini-fridges, microwaves, and coffee makers. Additional amenities include an outdoor hot tub available for guest use and free parking directly in front of each room. Two of the units feature kitchens.

LOCATION DESCRIPTION:

The Property is located in Leadville, Colorado, a historic mountain community set high in the heart of the Rocky Mountains. Known as the highest-elevation incorporated city in the United States at approximately 10,152 feet, Leadville is a renowned former gold rush town dating back to the late 1800s. Today, the city blends its rich mining heritage with dramatic alpine scenery, attracting visitors seeking authentic mountain character, outdoor recreation, and historic charm.

Leadville is surrounded by some of Colorado’s most iconic peaks, including Mount Elbert and Mount Massive, and serves as a gateway to year-round outdoor adventure. The area offers extensive opportunities for hiking, mountain biking, fishing, and off-road exploration during the warmer months, while winter brings snowshoeing, cross-country skiing, and access to nearby downhill ski destinations. The town’s high-alpine setting and proximity to national forests and wilderness areas support consistent visitation from outdoor enthusiasts throughout the year.

Beyond outdoor recreation, Leadville’s vibrant downtown reflects its historic roots, featuring well-preserved Victorian architecture, museums, local shops, restaurants, and annual events that celebrate the town’s mining heritage and mountain culture. The Property’s location along Elm Street provides convenient access to downtown Leadville while maintaining the accessibility and visibility associated with a roadside motel, offering guests a comfortable base from which to explore the surrounding region.

Distances to larger cities:

Denver, CO – approximately 100 miles southwest of Denver

Colorado Springs, CO – approximately 130 miles northwest of Colorado Springs

Vail, CO – approximately 40 miles south of Vail

Local airports include Leadville-Lake County Airport (5 miles). Nearby regional and international airports include Central Colorado Regional Airport (40 miles), Eagle County Regional Airport (65 miles), and Denver International Airport (120 miles).