970.349.6653 \\ 401 Elk Avenue, Crested Butte


123 Elk, Crested Butte, CO 81224

Active
$3,600,000

This is a really unique and incredible opportunity for a commercial/residential building on Elk Avenue in Downtown Crested Butte. This listing includes four units; one residence, two offices and a large commercial space on the ground floor with Elk Avenue frontage. The fantastic team of contractors and designers made this stunning property what it is. Designed by Andrew Hadley Architect, built by Hargrove Construction and the interior contemporary finish work by Thurston Kitchen and Bath. The entire third floor is a luxurious penthouse residence with 4 bedrooms, 3.5 bathrooms and a grand total of 2,643 square feet plus it is furnished! No detail was overlooked in the design of this home and it has top-of-the-line finishes throughout. It has an open floor plan showcasing gorgeous wood floors and beautiful wood ceilings, a gourmet kitchen with Dacor appliances and quartz counter tops, built-in coffee bar, large center island, a dining room with custom built-in buffet which is open to the living room, perfect for entertaining. The living room features a modern fireplace with floor to ceiling stacked stone accents and tons of windows letting in plenty of natural light. On the second floor, you will find a large fully wired private office with room for a conference table and work stations plus a separate bathroom and a second smaller office space. Both of these units can be rented out. The highlight of the second floor is the 588 sf deck with incredible mountain views. On the first floor is a large commercial space currently leased long-term to a Cross-Fit gym (business is not for sale). With a total of 2,734 square feet, there are so many possibilities for use. The entire building is ADA accessible with an elevator and level floor plan with wide doors and easy to maneuver flooring. There is radiant in-floor heat throughout the residence and second floor and forced air on the first floor. This is in the B-1 Zone that allows many business opportunities including the current gym, retail and conditional uses that include restaurant, cocktail lounge, hotels, clubs and more. The seller already has conditional approval with the Town of Crested Butte to convert the building into a boutique hotel. This property is an incredible investment opportunity in the town of Crested Butte! Tenant on first floor has a solid lease in place, perfect for an investor looking for turn-key use and perhaps a place to live/vacation in town.

MLS#: 766418
Unit 1, 3, 4, 5 |
YEAR BUILT: 2017
TAXES: $23,013.92

Request More Information on MLS# 766418

Listing courtesy of Jesse Ebner
Signature Properties Ebner & Associates, Llc

ZONING
B-1

REALESTATE INCLUDED
Yes

Request More Information on MLS# 766418

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Data last updated on: February 29, 2020

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