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615 Teocalli Ave
Crested Butte, CO 81224
Crested Butte Lodge & Hostel · Hospitality Property For Sale
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8,271 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Year Built | 1997 | |
| Building Class | B | Parking Ratio | 2.24/1,000 SF |
| Lot Size | 0.22 AC | Corridor | Interior |
| Building Size | 8,271 SF |
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 8,271 SF |
| No. Stories | 3 |
| Year Built | 1997 |
| Parking Ratio | 2.24/1,000 SF |
| Corridor | Interior |
AMENITIES
- Shuttle Service
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ABOUT 615 TEOCALLI AVE , CRESTED BUTTE, CO 81224
This 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. The property has several unique features: -Tourist zoning with residential and commercial lodging allowed -Permitted commercial hotel rooms for 40 pillows -19 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 cleans pace 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(14)), a full commercial kitchen with a longterm 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.
PROPERTY TAXES
| Parcel Number | R002784 | Improvements Assessment | $498,810 |
| Land Assessment | $158,290 | Total Assessment | $657,100 |
PROPERTY TAXES
