615 Teocalli Ave

Crested Butte, CO 81224

$5,500,000
Price
—
Beds
8,271 Sq. Ft.
$665 / Sq. Ft.
8,271
Sq. Ft.
$665
per Sq. Ft.

Uc / Sale Pending

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Uc / Sale Pending

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Description

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...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 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(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.
  1. Listed by Heather Featherman • Signature Properties Ebner & Associates, LLC

Property Details for 615 Teocalli Avenue

Water Front
No
Zoning
Mixed Use
LISTING UPDATED: 12/17/2024 04:30 PM

Property Details for 615 Teocalli Avenue

StatusUc / Sale Pending
MLS #819028
Days on Market96
Taxes$44,232 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use w/Res
Year Built1997
Lot Size0.30 AC / 13,068 SF
CountyGunnison County

Location

Listing Courtesy of Signature Properties Ebner & Associates, LLC, Heather Featherman
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Building Information for 615 Teocalli Avenue

Stories-Residences2Year Built1997Lot Size0.30 AC / 13,068 SF

Payment Calculator

$32,503 per month

30 year fixed, 6.845% Interest

Principal and Interest

$28,817

Property Taxes

$3,686

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 615 Teocalli Avenue

Summary
Location and General Information
  • Directions: From HWY 135/Gothic Rd, turn right onto Teocalli Avenue, property is on the left
  • Property Known As: Crested Butte Hostel
  • Access: Year Round
Owner
  • Owner Name: Teocalli Tavern LLC
Parking
  • Carport Y/N: No
  • Parking Spaces: 25
  • PARKING: Off Street
Taxes and HOA Information
  • Tax Year: 2024
  • Total Taxes $: 44232.00
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Property
Property and Assessments
  • FIPS Code: 08051
  • Legal/Lot Block: LOTS 22-25, BLOCK 56, CRESTED BUTTE
  • Photo Count: 32
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: Gunnison-Crested Butte Association of REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Other, Lodging, Mixed Use
  • Possible Property Use: Lodging, Restaurant, Retail Storefront
  • Lot Dimension: 12,500
  • Parcel ID #: 3.25502226006E11
  • SqFt Source: Assessor
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Other
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 2
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 2
  • Total Baths: 7.00
Interior Features
  • Furnished: Furnished
  • Florring: Carpet, Tile, Wood
  • Heat Type: In floor
Exterior Features
  • Roof: Metal
Rental
Rental Information
  • CAM Y/N: No

Property History for 615 Teocalli Avenue

DateEvent & SourcePriceAppreciation
Dec 16, 2024

Pending

CRENMLS #819028

—
Oct 25, 2024

Listed (Active)

CRENMLS #819028

$5,500,000—
DateEvent & SourcePrice
12/16/2024

Pending

CRENMLS #819028

—
10/25/2024

Listed (Active)

CRENMLS #819028

$5,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 615 Teocalli Avenue

Taxable ValueLand$158,290Additions$498,810Total$657,100
Tax Record2024$45,059 ($3,755 / month)
Home Facts
Total Finished SqFt1,881 SqFtAbove Grade Finished SqFt1,881 SqFtStories3Lot Size12,500 SqFtStyleOffice BuildingYear Built1997Year Renovated2003CountyGUNNISONAPN325502226006

Schools near 615 Teocalli Avenue

This home is within Gunnison Watershed Re1j School District.
Rating
School
Type
Grades
Distance
Gunnison Elementary School
Public - PK to 5
Marble Charter School
Charter - K to 10
Gunnison Middle School
Public - 6 to 8
Crested Butte Community School
Public - 6 to 12
Rating
School
Distance
Gunnison Elementary School
PublicPK to 5

Marble Charter School
CharterK to 10

Gunnison Middle School
Public6 to 8

Crested Butte Community School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Signature Properties Ebner & Associates, LLC, Heather Featherman

All information is deemed reliable, but accuracy is not guaranteed. Listing information is based on information from the Aspen / Glenwood MLS for the period 10/25/2024 06:00 PM through 06/14/2025 09:32 AM. The property information being provided is for the consumer’s personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 12/17/2024 04:30 PM