615 Teocalli Avenue, Crested Butte CO 81224

$5,500,000

615 Teocalli Avenue, Crested Butte, CO 81224

bedrooms

bathrooms

square feet

8,271

Acreage

0.3

Open Houses

year built

1997

Full Baths

Half Baths

Find out more

Heather Featherman, Signature Properties Ebner & Associates, LLC, C: 970-209-9875, hpfeatherman@gmail.com, www.crenmls.com: 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. New windows installed throughout the building summer 2024.The property has several unique features:-Tourist zoning with residential and commercial lodging allowed-Permitted commercial hotel rooms for 40 pillows-25 dedicated parking spaces-5 water meters with paid tap fees-Oversized utilities and infrastructure-No Historic constraints on renovation-Turnkey cash flow OperationThe 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(12)), 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.

Location
Subdivision	-
County	Gunnison
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 819028

Listing agent: Heather Featherman

Listing broker: Signature Properties Ebner & Associates (970) 901-2922

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Last update: Wednesday, February 26 2025 at 5:03 a.m. EST

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