615 Teocalli Avenue , Crested Butte, CO 81224
Crested Butte, CO 81224
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 Type | For Sale |
| Style | Mixed Use |
| Buildingname | Crested Butte Hostel |
| Subtype | Resale |
| Status | Active |
| Year | 1997 |
| Days On Site | 44 |
| Listing Provided By | Signature Properties Ebner & Associates, LLC | Heather Featherman |
Features
| Baths | 7 Total |
|---|---|
| Sq Feet | 8,271 |
| Storys | 3 |
| Units | 2 |
| Zoning | Mixed Use |
| Acreage | 0.30 |
Market Activity 81224
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| State | CO |
|---|---|
| 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: 44 low | high Med: 157.000000 | |