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615 Teocalli Avenue

Crested Butte, CO 81224
  • $6,000,000
  • STATUS: Active
  • ON SITE: 301 Days
  • MLS #: 778468
UPDATED: 23 min ago
$6,000,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 8,271
    SQFT
  • $725
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1997
County:

School Ratings & Info

Listing courtesy of Signature Properties Ebner & Associates, Llc.


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. 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 investors 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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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 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: 2021-12-08T15:56:31.783.
www.homesforsaledurango.com/homes/114075987
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615 Teocalli Avenue Crested Butte, CO 81224

  • Price: $6,000,000
  • Status: Active
  • On Site: 301 Days
  • Updated: 23 min ago
  • MLS #: 778468
0
Beds
5
Baths
0
½ Baths
0.3
Acres
8,271
SQFT
$725
$/SQFT
1997
Built
Neighborhood:
Crested Butte
County:
Gunnison
Area:
Crested Butte
Property 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. 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 investors dream with the potential to modify use and renovate the current layout, or operate as is with a positive cash flow.
Exterior Features

Carport No Lot Dimension 12500 Stories 3 Street Description City/Town Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 8271 Furn Fixt Equip All Washers And DryersAll Furniture Heating System1 In Floor Loading Dock No One Quarter Baths 2 Total Offices 0

Property Features

Books Available Yes Cam No Covenants No Current Business Crested Butte Hostel Current Use LodgingMixed UseOther Desc Of Business Hostel And Laundromat Exchange Trade No Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use LodgingRestaurantRetail Storefront Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2020 Total Taxes 18795.29 Type Multi-Use W/Res Variable Rate No Water Rights No Year Started 2020

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 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: 2021-12-08T15:56:31.783.
 
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Berkshire Hathaway HomeServices Western Colorado Properties
842 Main Ave
Durango CO, 81301
Listing courtesy of Signature Properties Ebner & Associates, Llc.