United StatesColoradoCrested ButteRare, Multi-Use Commercial/Residential Opportunity on Elk Avenue

Rare, Multi-Use Commercial/Residential Opportunity on Elk Avenue
327 Elk Avenue Crested Butte, Colorado 81224 United States

$2,195,000
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A rare multi-use commercial/residential opportunity located in the heart of downtown Crested Butte. 327 Elk Avenue offers one commercial space and two residential spaces. An extensive renovation was done to the entire building with many upgrades...
Kiley Flint
  • Real Estate Professional
401 Elk Avenue PO Box 210
Crested Butte, Colorado 81224 United States
Contract Pending
$2,195,000
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5
Bedrooms
3
Full Baths
1
Partial Bath
.07 Acres
Exterior
Single Family Homes
Property type
1890
Year Built
8QSW2C
Web Id
788531
MLS ID
Gunnison Watershed RE-1J
School District
This Property is Currently Contract Pending

About 327 Elk Avenue

A rare multi-use commercial/residential opportunity located in the heart of downtown Crested Butte. 327 Elk Avenue offers one commercial space and two residential spaces. An extensive renovation was done to the entire building with many upgrades and repairs. These include a new main water line, new water meter, all new LED lighting throughout, fresh paint inside & out and so much more! The 862 sq. ft. ground-level commercial space is situated to offer foot traffic galore. It is home to Niky's Mini Donuts, a long-standing successful business with a 5-year lease. The commercial space was fully renovated with all new electrical wiring, new plumbing, a new gas furnace, new in-wall insulation, air conditioner, and double-layer drywall. Other amenities include tons of storage, a half bath, and the best Elk Avenue frontage one could desire. Upstairs offers a completely remodeled fully-furnished, four-bedroom, two full bath apartment complete with granite countertops, stainless appliances, washer and dryer, gas fireplace, built-in sound system with Alexa, Lutron lighting system with recessed LED lighting, commercial-grade WiFi, and a smart home system. In the rear of the building downstairs, there is a large remodeled fully furnished, one-bedroom building as well as four car spaces in the rear and incredible views of Red Lady, Gothic, and White Mountain. This is the gem, in a truly spoiled location. Downtown Crested Butte is unique in that there are not many opportunities presented like this. Conditional use for a boutique hotel or lodge possible. Per approval by the town, the building could also be converted into a condominium, allowing each unit to be sold separately.Create a legacy for your family and the Crested Butte community today. Niky's Donuts franchise is now available. Inquire for more information.

Amenities

  • A/C
  • Dishwasher
  • Granite Countertops
  • Partially Fenced
  • Refrigerator
  • Tile Flooring
  • Hardwood Flooring
  • Washer Included
  • Dryer Included
  • Area Horse Riding/Stables
  • Tub and Shower
  • Area Boat Dock
  • 1 Fireplace
  • Stall Shower
  • Area Boat Ramp

features

cooling
Air Conditioning
lot description
Near Bike Paths, Mountain Views, Pool(s), Resort, Ski Resort, Wooded, Jogging / Biking Path, Snowmobiling, City / Town Street, laminate flooring, Wood Siding, mixed flooring
Additional Listing Type
In Contract

Property Feature

Age
Over 50 Years Old
Fireplace Description
Gas
Property Description
Ski Property

Area Feature

Area Amenities
Area Skiing
Area Description
Skiing

Additional Information

General
Smoke Detector
Special Market
Vacation / Second Home
Kiley Flint
  • Real Estate Professional
401 Elk Avenue PO Box 210
Crested Butte, Colorado 81224 United States
Contact Agent