Active
615 Teocalli Avenue
Crested Butte CO, 81224
$5,500,000
$664.97 per sqft
Active
7 Baths
8,271 sqft
Commercial
Built in 1997
Courtesy of Signature Properties Ebner & Associates, LLC with Listing Contact: 970-209-9875
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.
819028
MLSⓇ ID
October 26, 2024
Listed
November 8, 2024
Updated
Map
615 Teocalli Avenue
Crested Butte CO, 81224
Interior Features
Total Stories
3
Total Bathrooms
7
Full Bathrooms
5
Quarter Bathrooms
2
Floor Description
Carpet, Tile, Wood
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.3 Acres
Roof
Metal
Other Property Details
Area Name
Crested Butte
Days on Market
4
Garage
No
Parking
Off Street
Parking Total
25
View
No
County
Gunnison
Pool
No
Courtesy of Signature Properties Ebner & Associates, LLC with
Listing Contact: 970-209-9875
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Data last updated on: 11/8/2024