615 Teocalli Avenue Crested Butte, CO 81224 — MLS# 778468

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615 Teocalli Avenue
Crested Butte, CO 81224
$6,000,000
For Sale
8,271
Sq.Ft.
0.30
Acres
1997
Yr. Built
MLS# 778468
Listed on site 14 days since October 26th, 2021

Home Details

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. The property has several unique features: -Tourist zoning with residential and commercial lodging allowed -Permitted commercial hotel rooms for 40 pillows -19 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(14)), 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.

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Property Highlights

Status
For Sale
Price
$ 6,000,000
Property Type
COMMERCIAL
Sub Type
Multi-Use w/Res
Sqft Total
8,271
Acres
0.30
Year Built
1997

Location

Area
Crested Butte
County
Gunnison
Waterfront
No

Heating, Cooling & Utilities

Features

Current Property Use
Other, Lodging, Mixed Use
Access
Year Round

Taxes & Terms

Taxes
$18,795
REO/Lender Owned
No
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Listing courtesy of: Signature Properties Ebner & Associates, LLC
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Property History

14 days ago
Property Listed
Today
Property info last updated

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All information is deemed reliable but is not guaranteed and should be independently verified. See Disclaimer This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited. Real estate listings held by brokers other than Toad Real Estate are marked with the name of that company's name.
Listing Data last updated: 10th November, 2021 08:00 MST
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