970.349.6653 \\ 401 Elk Avenue, Crested Butte

615 Teocalli, Crested Butte, CO 81224


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.

MLS#: 778468
TAXES: $18795.29

Request More Information on MLS# 778468

Listing courtesy of Heather Featherman
Signature Properties Ebner & Associates, Llc

Residential In Commercial


Hostel And Laundromat

Request More Information on MLS# 778468


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Data last updated on: March 07, 2021

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