$2,300,000

Historic Crested Butte Mixed Use Property

  • 4 Beds
  • 3 Baths
  • 2,298 Sqft
  • 3,050 Sqft lot
  • MLS#835696

About the Property

327 Elk Avenue is an irreplaceable piece of Crested Butte history — a lovingly restored historic building on the town’s most iconic street, fully leased and producing income from three distinct spaces. The owners have been thoughtful stewards of the property, investing in a complete commercial renovation, new roof, new exterior stairs, landing and back deck, new furnace, and numerous additional up
327 Elk Avenue is an irreplaceable piece of Crested Butte history — a lovingly restored historic building on the town’s most iconic street, fully leased and producing income from three distinct spaces. The owners have been thoughtful stewards of the property, investing in a complete commercial renovation, new roof, new exterior stairs, landing and back deck, new furnace, and numerous additional updates throughout. The building is in excellent condition and ready to perform for its next owner. The 908 square foot ground-floor commercial space commands some of the finest Elk Avenue frontage in town, with full renovation including all new electrical, plumbing, insulation, and systems. Upstairs, a fully remodeled four-bedroom, two-bath apartment offers granite countertops, stainless appliances, gas fireplace, Lutron lighting, built-in sound system, commercial grade WiFi, and a smart home system. At the rear of the building, a one-bedroom apartment with full kitchen, generous closet, and its own washer and dryer rounds out the income picture. Two parking spaces in the rear and sweeping views of Red Lady, Gothic, and White Mountain add to the appeal. You could owner-occupy the residential while the commercial and second unit generate income, convert to a boutique hotel or lodge with conditional use approval, or pursue condominium conversion with each unit sold separately. Few properties in Crested Butte offer this many paths forward. Three solid income streams. A lovingly cared for historic building. One of the best addresses in Crested Butte.
…
  • Property type

    Other

  • Year built

    1890

  • Price/sqft

    $1,000

Features

  • Fireplace
  • Mountain View
  • Garden
  • Terrace
  • 2D Floor Plan
  • Outdoor Living Space
  • Gas Stovetop
  • Parking
  • Panoramic / Scenic View
Features

Lot

  • Panoramic / Scenic View
  • Mountain View

Indoor

  • Fireplace
  • Gas Stovetop
  • Washer Dryer
  • Bar
  • Stone Countertops

Outdoor

  • Terrace
  • Balcony
  • Parking
  • Outdoor Living Space
  • Garden

Explore the Area

327 Elk Avenue , Crested Butte, CO 81224, Colorado, United States View on Google Maps
Price per sqft
Low
High

View 155 more listings in Crested Butte

Nikki Pulitzer

Joined 5 years ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Nikki Pulitzer
Colorado, United States
View agency profile
11
Listings
2022
Joined

Book home tour with Nikki Pulitzer

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
LIV Sotheby's International Realty
LIV Sotheby's International Realty
401 Elk Avenue PO Box 210, 81224, Crested Butte, Colorado, United States
View agency profile
Colorado’s ‘Last Great Ski Town,’ Crested Butte is known for its funky charm and immense beauty. Located in the Elk
Colorado’s ‘Last Great Ski Town,’ Crested Butte is known for its funky charm and immense beauty. Located in the Elk Mountains at an elevation of 8,909 feet, the town of Crested Butte began in the 1870s as a supply point for prospectors. Named after the distinctive peak nearby, Crested Butte soon became a hub for coal mining, and later transitioned into a ski town. Lately, it has become a year-round outdoor recreational hub for skiers, mountain bikers, hikers, fishermen and women, hunters, and boaters alike. In the early 1960s, Dick Eflin and Fred Rice bought a ranch three miles northeast of Crested Butte and converted it into a ski area, complete with one of the first gondolas in the state. It is now home to the town of Mt. Crested Butte and Crested Butte Mountain Resort. The ski area boasts 15 lifts accessing 121 trails including world-class extreme runs on the North Face and Headwall. The town of Crested Butte holds on to its mining past with original clapboard homes and businesses in an array of bright colors dotting Elk Avenue and throughout the entire town. Historic charm throughout the town and a top-10 rated public school continue to draw new homeowners throughout the valley.
The brokers of LIV Sotheby’s International Realty’s Crested Butte office love the outdoors and sharing their trail recommendations and experiences with visitors and locals alike. The office is located in the middle of downtown Crested Butte at 401 Elk Avenue. Contact one of our broker professionals today to learn more about Crested Butte real estate opportunities.
Specialization: Resort Properties, Land & Acreage, Farm & Ranch Properties

Coverage Area: Crested Butte, Mt. Crested Butte, Crested Butte South, Almont, Gunnison, Arrowhead, Blue Mesa Reservoir, Irwin, Lake City, Tincup, Pitkin, Powderhorn
…
Last updated
October 5
First listed
October 5
Listing reference
FZLC9Z
Contract status
Contract Pending
Call

Start phone call with:

Hello, I’m calling for the property with the reference FZLC9Z, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with