Commercial business opportunity in coveted downtown Crested Butte! Currently run as the Crested Butte Hostel and business is booming! Originally purchased for future hotel development, The Hostel re-opened with all new furnishings, mechanical systems, appliances paint and carpeting in winter of 19/20. New windows installed throughout the building summer 2024. The property has several unique features: -Tourist zoning with residential and commercial lodging allowed -Permitted commercial hotel rooms for 40 pillows -25 dedicated parking spaces -5 water meters with paid tap fees -Oversized utilities and infrastructure -No Historic constraints on renovation -Turnkey cash flow Operation The hostel is currently providing lodging and laundry services and a quiet clean space to work, read or play to many out of town guests. The Hostel consists of 13 double occupancy rooms and 2 - two bedroom apartments, a full service laundromat, (all new washers(11) and dryers(12)), a full commercial kitchen with a long term lease and a communal guest kitchen. This property is an investor’s dream with the potential to modify use and renovate the current layout, or operate as is with a positive cash flow.
MLS# | 819028 |
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Listing Type | For Sale |
Style | Mixed Use |
Building Name | Crested Butte Hostel |
Sub-Type | Resale |
Status | Active |
Year | 1997 |
Days On Site | 7 |
Listing Provided By | Signature Properties Ebner & Associates, LLC | Heather Featherman |
Bath(s) | 7 Total |
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SQ Feet | 8,271 |
Story(s) | 3 |
Units | 2 |
Zoning | Mixed Use |
Acreage | 0.30 |
State | CO |
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County | Gunnison |
City | Crested Butte |
Zip Code | 81224 |
Area | Crested Butte |
Listing VS Median (in 81224) | |
Price: $5,500,000 low | high Med: $1,950,000 SqFt: 8,271 low | high Med: 2,525 $ / SqFt: $665 low | high Med: $772 On Site: 7 low | high Med: 120.000000 |