970.349.6653 \\ 401 Elk Avenue, Crested Butte


615 Teocalli, Crested Butte, CO 81224

Active
$6,000,000

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
0.3 ACRES
YEAR BUILT: 1997
TAXES: $18795.29

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

ZONING
Residential In Commercial

REALESTATE INCLUDED
Yes

BUILDING DESCRIPTION
Hostel And Laundromat

Request More Information on MLS# 778468

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Data last updated on: March 07, 2021

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