$5,500,000

0.3± Acres

Active

Gunnison County, CO

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615 Teocalli, Crested Butte, Colorado

MLS ID: 819028

Status: Active

Price: $5,500,000

Acres: 0.3±

Type: Development, Commercial

Address: 615 Teocalli

City, State: Crested Butte, CO

County: Gunnison County

ZIP Code: 81224

Lat/Long: 38.87274, -106.980145

Parcel Number: 325502226006

Listed by: Heather Featherman of Signature Properties Ebner & Associates, Llc

Bathrooms: 7

SqFt: 8,271

Year Built: 1997

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.

Additional Information

Interior

Bathrooms Full: 5

Building Area Total: 8,271

Flooring: Carpet, Tile, Wood

Furnished: Furnished

Exterior

Lot Dimensions Source: Assessor

Lot Size Dimensions: 12, 500

Parking Features: Off Street

Parking Total: 25

Road Frontage Type: City Street

Roof: Metal

Stories: 3

Financial/HOA/Schools

Days On Market: 4

Zoning Description: Mixed Use

Extra Information

Virtual Tour: https://youtu.be/mEirEuYCt0Q

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Jake Hubbell

Hotchkiss, Colorado

(970) 250-9396

Interested? Contact Us Today About This Listing

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Listed By: Heather Featherman of Signature Properties Ebner & Associates, Llc

615 Teocalli, Crested Butte, Colorado

Description

Additional Information

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Jake Hubbell

Interested? Contact Us Today About This Listing

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