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307 Elk Avenue 307 Elk Ave 3,926 SF 100% Leased Retail Building Crested Butte, CO 81224 $2,000,000 ($509.42/SF)
INVESTMENT HIGHLIGHTS
- Prime location in the heart of downtown Crested Butte CO
- Tenant is on a month to month lease and the building will have full availability for a new owner's vision
EXECUTIVE SUMMARY
Positioned in the vibrant heart of downtown Crested Butte’s business district, this historic commercial building combines charm, visibility, and opportunity. With its classic façade and central placement along the town’s most iconic street, 307 Elk Avenue benefits from steady year-round foot traffic and the unique energy that only Crested Butte’s main thoroughfare canoffer. Currently home to a thriving retail establishment, the property offers a strong foundation for ongoing business operations while allowing flexibility for future uses. In a market where Elk Avenue properties remain in demand, this building represents a chance to own a piece of Crested Butte’s thriving commercial core. Contact us today for more details or to schedule a showing (appointment required).
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$23,891
|
$6.09
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,891
|
$6.09
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $23,891 |
| Annual Per SF | $6.09 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $23,891 |
| Annual Per SF | $6.09 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
3,926 SF
Building Class
B
Year Built
1890
Price
$2,000,000
Price Per SF
$509.42
Percent Leased
100%
Building Height
2 Stories
Zoning
Business - https://library.municode.com/co/crested_butte/codes/municipal_code?nodeId=CH16ZO_ART5BUCODI_DIV2B1BUDI_S16-5-120PEUS
Frontage
30’ on Elk Avenue
Walk Score®
Very Walkable (70)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | R003505 | Total Assessment | $347,310 |
| Land Assessment | $119,690 | Annual Taxes | $23,891 ($6.09/SF) |
| Improvements Assessment | $227,620 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R003505
Land Assessment
$119,690
Improvements Assessment
$227,620
Total Assessment
$347,310
Annual Taxes
$23,891 ($6.09/SF)
Tax Year
2024
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307 Elk Avenue | 307 Elk Ave
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