615 Teocalli Avenue
$5,500,000
—
5
2
8,271
8,271
$665
Virtual Tour
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.
- Listed by Heather Featherman • Signature Properties Ebner & Associates, LLC
Property Details for 615 Teocalli Avenue
Water Front
No
ZoningMixed Use
LISTING UPDATED: 10/30/2024 12:15 PM
Property Details for 615 Teocalli Avenue
Status | Active |
---|---|
MLS # | 819028 |
Days on Market | 6 |
Taxes | $44,232 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial / Multi-Use w/Res |
Year Built | 1997 |
Lot Size | 0.30 AC / 13,068 SF |
County | Gunnison County |
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Building Information for 615 Teocalli Avenue
Stories-Residences2Year Built1997Lot Size0.30 AC / 13,068 SF
Property Information for 615 Teocalli Avenue
Property History for 615 Teocalli Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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$157,780Additions$487,260Total$645,040
Tax Record2023$44,232 ($3,686 / month)
Home Facts
Total Finished SqFt1,881 SqFtAbove Grade Finished SqFt1,881 SqFtStories3Lot Size12,500 SqFtStyleOffice BuildingYear Built1997Year Renovated2001CountyGUNNISONAPN325502226006
Schools near 615 Teocalli Avenue
This home is within Gunnison Watershed Re1j School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Charter - | K to 10 | |||
Public - | 6 to 8 | |||
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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