615 Teocalli Avenue, Crested Butte, CO
Introduction
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 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.
Amenities
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
Location
Contact Me
Heather Paul Featherman
Broker Associate
Cell: 970 209 9875
Office: 970 713 2000
326 Elk Avenue
Crested Butte CO, 81224
