$5,500,000

615 Teocalli Avenue , Crested Butte, CO 81224

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:8,271 sqft
Lot:0.3
Year Built:1997
Listing Status:Active

Listing Agent

Heather Featherman
http://www.signaturepropertiescb.com
Loan Amount:
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These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

, Signature Properties Ebner & Associates, LLC, C: , hpfeatherman@gmail.com, www.crenmls.com: 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 OperationThe 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.

Detailed Items

Other Information

615 Teocalli Avenue, Crested Butte, CO, 81224 is a commercial sale listing of 8,271 sqft on a lot of 0.3. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property615 Teocalli Avenue, Crested Butte, CO
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