615 Teocalli Avenue
615 Teocalli Avenue Crested Butte, Colorado 81224 United States

$6,000,000
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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...

Listing Courtesy of Signature Properties Ebner & Associates, LLC

Listing Courtesy of Signature Properties Ebner & Associates, LLC
$6,000,000
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5
Full Baths
8,271 Sq Ft.
Interior
.3 Acres
Exterior
Commercial
Property type
1997
Year Built
778468
Web Id
778468
MLS ID
135
days ago

About 615 Teocalli Avenue

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.

Listing Courtesy of Signature Properties Ebner & Associates, LLC, CREN MLS

ADDITIONAL INFORMATION

Number of Units
2
Listing Courtesy of Signature Properties Ebner & Associates, LLC

Listing Courtesy of Signature Properties Ebner & Associates, LLC

Listing Courtesy of Signature Properties Ebner & Associates, LLC

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