United StatesColoradoCrested ButteRare Opportunity Located in the Heart of Downtown Crested Butte

Rare Opportunity Located in the Heart of Downtown Crested Butte
327 Elk Avenue Crested Butte, Colorado 81224 United States

$1,895,000
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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...
  • Real Estate Professional
7580 Royal Street, Mont Cervin Plaza 105
PO Box 2370 Park City, Utah 84060 United States
$1,895,000
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5
Bedrooms
4
Full Baths
3,020 Sq Ft.
Interior
.07 Acres
Exterior
Single Family Homes
Property type
1890
Year Built
F7YM2W
Web Id
793793
MLS ID
Gunnison Watershed RE-1J
School District
192
days ago

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 908 sq. ft. ground-level commercial space is situated to offer foot traffic galore. The commercial space was fully renovated with all new electrical wiring, new plumbing, 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 apartment with full kitchen, washer and dryer, natural gas wall heater and sizable walk in closet. Plenty of extra storage throughout the building as well as four car spaces in the rear, and incredible views of Red Lady, Gothic and White Mountain. This is the gem, ina 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.

Amenities

  • Deck
  • Hardwood Flooring

features

lot description
Mountain Views
Style
Victorian - Stick

Property Feature

Age
Over 50 Years Old
Fireplace Description
Gas

Area Feature

Area Amenities
Area Skiing
Area Description
Skiing

Additional Information

Special Market
Vacation / Second Home
Kristina Watkins
  • Real Estate Professional
7580 Royal Street, Mont Cervin Plaza 105
PO Box 2370 Park City, Utah 84060 United States
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