322 Belleview Avenue

Crested Butte, CO, 81224

$4,900,000

$571 per ft²
$4,900,000
$571 per ft²
Active
Active
 - For Sale
baths
4 Baths
carpenters-square
8,568 ft²
property_type
Commercial
calendar
Built 2021
This is Crested Butte's newest and most impressive building! Designed by Andrew Hadley Architect and built by Wright Angle Construction, they combined to make a really functional and fashionable building. This famous building was completely rebuilt and reconfigured into 17 leasable units. The ground floor consists of a large retail spaces on both sides of the first half of the building and includes storage, an office space and two ADA bathrooms. In the back of the building, there are three large, heated garage bays that can be used for storage, light industrial, art, woodworking and much more. Upstairs, 11 individual and private office spaces that are perfect to lease individually or for an entire company. There are two bathrooms and a shared kitchen space. Each office is fully wired for internet and offer spacious and comfortable work spaces. The owner of this building will enjoy an incredible cap rate or can use some of the space for themselves. The first floor retail space is leased with a 10 year lease plus triple net. The remaining office and garage spaces are close to completion and have several LOIs in place for rentals. The current Pro-Forma for the rental income is showing a gross of $260,000 annually! This is an awesome opportunity in town with incredible return on investment and rental income potential.
MLS® ID:
785988
Listed:
8/18/21
Updated:
9/27/22
Coldwell Banker
Molly Eldridge

Interior Features

Total Bedrooms
0
Total Bathrooms
4
Floor Description
Laminate, Tile
Heating
Hot Water, Natural Gas, Radiant Floor

Exterior/Building Features

Lot Size
6,098 ft² lot
Roof
Membrane
Sewer
Connected, Public Sewer, Septic Tank

Other Property Details

Area Name
Crested Butte
Garage
No
Parking
N
View
N
County
Gunnison
Utilities
Electricity Available, Natural Gas Available, Phone Available, Septic Available, Water Connected
Water Source
Public
Pool
No
Total Stories
2

Property History

Date
Event
Price
Value
10/12/21
Price Change
$4,900,000
-10%

 

Courtesy of Signature Properties Ebner & Associates, LLC 


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Data last updated on: 9/27/22

Coldwell Banker
Molly Eldridge
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