615 Teocalli Avenue, Crested Butte, CO 81224

Heather Featherman, Signature Properties Ebner & Associates, LLC, C: 970-209-9875, [email protected], www.crenmls.com: 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 OperationThe 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.