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327 Elk Avenue

Crested Butte, CO 81224
  • $2,195,000
  • STATUS: Active
  • ON SITE: 77 Days
  • MLS #: 788531
UPDATED: 237 min ago
$2,195,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 3,020
    SQFT
  • $727
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Listing courtesy of Liv Sotheby's International Realty - Cb.


Description

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 a new main water line, new water meter, all new LED lighting throughout, fresh paint inside & out and so much more! The 908 sq. ft. ground-level commercial space is situated to offer foot traffic galore. It is home to Nikys Mini Donuts, a long-standing successful business with a 5-year lease. 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. Per approval by the town, the building could also be converted into a condominium, allowing each unit to be sold separately. 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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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 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Berkshire Hathaway HomeServices Western Colorado Properties contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-01-27T23:56:21.26.
www.homesforsaledurango.com/homes/123231787
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327 Elk Avenue Crested Butte, CO 81224

  • Price: $2,195,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 237 min ago
  • MLS #: 788531
0
Beds
3
Baths
1
½ Baths
0.07
Acres
3,020
SQFT
$727
$/SQFT
1890
Built
Neighborhood:
Crested Butte (Town Of)
County:
Gunnison
Area:
Crested Butte
Property Description
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 a new main water line, new water meter, all new LED lighting throughout, fresh paint inside & out and so much more! The 908 sq. ft. ground-level commercial space is situated to offer foot traffic galore. It is home to Nikys Mini Donuts, a long-standing successful business with a 5-year lease. 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. Per approval by the town, the building could also be converted into a condominium, allowing each unit to be sold separately. Create a legacy for your family and the Crested Butte community today. Niky's Donuts franchise is now available. Inquire for more information.
Exterior Features

Acreage Range Less Than 1/2 Carport No Lot Dimension 25X120 Parking Off Street2-10 Total Spaces Property Attached Yes Property Description Golf Course Near Roof Metal Sewer Public Sewer Installed Stories 2 Street Description City/TownPaved Water Public Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 3020 Flooring LaminateTileWood Foundation ConcreteCrawl Space Heating Fuel Source ElectricNatural Gas Heating System Electric BaseboardFireplaceForced Air One Quarter Baths 0 Total Offices 0

Property Features

Books Available No Cam No Covenants Yes Current Business Niky's Mini Donuts Current Use RestaurantRetail StorefrontOtherMixed Use Desc Of Business Donut & Sweet Shop Disclosures Seller's Prop Disclosure Documents On File Aerial PhotosLeasesSite Plan/Ilc Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerWater Fixtures Included No Inventory Included No Landlord Pays Building InsuranceReal Estate TaxesSewer/Water Lease Included Yes New Construction YN No Owners Association No Possible Property Use Bar/LoungeOtherRetail StorefrontShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2020 Tenant Pays ElectricGasSnow RemovalTrash Total Taxes 8904.51 Type Multi-Use W/Res Variable Rate No Water Rights No Zoning Type BusinessCommercialMixed Use

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 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Berkshire Hathaway HomeServices Western Colorado Properties contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-01-27T23:56:21.26.
 
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Berkshire Hathaway HomeServices Western Colorado Properties
842 Main Ave
Durango CO, 81301
Listing courtesy of Liv Sotheby's International Realty - Cb.