Details

327 Elk Avenue Crested Butte, CO 81224 – MLS# 776400

$2,495,000
327 Elk Avenue
Crested Butte, CO 81224
MLS# 776400

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Total Sq Ft
3,160 Sqft
Acres
0.07 Acres
A rare multi-use commercial / residential opportunity located in the heart of downtown Crested Butte. 327 Elk Avenue offers one commercial space and two residential spaces. An extensive renovation was done to the entire building with many upgrades and repairs. These include anew main water line, new water meter, all new LED lighting throughout, fresh paint inside and out and so much more! The 862 sq. ft. ground-level commercial space is situated to offer foot traffic galore. It is home to Niky’s Mini Donuts, a long-standing successful business with a 5-yearlease. The commercial space was fully renovated with all new electrical wiring, new plumbing, new gas furnace, new in-wall insulation, air conditioner and double layer drywall. Other amenities include tons of storage, a half bath and the best Elk Avenue frontage one could desire. Upstairs offers a completely remodeled fully-furnished, four bedroom, two full bath apartment complete with granite counter tops, stainless appliances, washer and dryer, gas fireplace, built-in sound system with Alexa, Lutron lighting system with recessed LED lighting, commercial grade WiFi and a smart home system. In the rear of the building downstairs there is a large remodeled fully furnished, one-bedroom apartment with full kitchen, washer and dryer, natural gas wall heater and sizable walk in closet. Plenty of extra storage throughout the building as well as four car spaces in the rear, and incredible views of Red Lady, Gothic and White Mountain. This is the gem, in a truly spoiled location. Downtown Crested Butte is unique in that there are not many opportunities presented like this. Conditional use for a boutique hotel or lodge possible. Create a legacy for your family and the Crested Butte community today. Niky's Donuts franchise is now available. Inquire for more information.
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Property Details
Status
For Sale
Property Type
COMMERCIAL
Sub Type
Multi-Use w/Res
Year Built
1890
Sqft Total
3,160
Acres
0.07
Roofing
Metal
Heating
Electric Baseboard, Fireplace, Forced Air
Taxes & Terms
Taxes
8,724.98
REO/Lender Owned
No
Area
Subdivision
Crested Butte (town Of)
Area
Crested Butte
County
Gunnison
Waterfront
No
Features
Property Description:
Golf Course Near
Current Property Use
Restaurant, Retail Storefront, Other, Mixed Use
Access
Year Round
Listing courtesy of
Liv Sotheby's International Realty - Cb
Estimated Payments
The approximate mortgage monthly principal and interest payment for this property would be
Based on a loan at a fixed rate of percent
With a down payment of dollars
Actual lender interest rates and loan programs may vary.
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