$5,500,000
( $664.97Per Sq Foot )
 $29,525 est/mo Sourced by Back At You

615 Teocalli Avenue , Crested Butte, CO 81224

Crested Butte, CO 81224

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Description

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.

Details

MLS#819028
Listing TypeFor Sale
StyleMixed Use
Building NameCrested Butte Hostel
Sub-TypeResale
StatusActive
Year1997
Days On Site7
Listing Provided BySignature Properties Ebner & Associates, LLC | Heather Featherman

Features

Bath(s) 7 Total
SQ Feet8,271
Story(s)3
Units2
ZoningMixed Use
Acreage0.30

Market Activity 81224

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Listings Checked: 10 seconds ago
StateCO
CountyGunnison
CityCrested Butte
Zip Code81224
AreaCrested Butte
Listing VS Median (in 81224)
Price:
$5,500,000
low | high
Med:
$1,950,000
100% of Average
SqFt:
8,271
low | high
Med:
2,525
100% of Average
$ / SqFt:
$665
low | high
Med:
$772
33.863546354635% of Average
On Site:
7
low | high
Med:
120.000000
5.833333333333% of Average
Sourced by Back At You
Listing Updated: October 30, 2024 at 12:27:08 PM PDT
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