129 Gothic Avenue

Crested Butte, CO, 81224

$10,000,000

$962 per ft²
$10,000,000
$962 per ft²
Active
Active
 - For Sale
baths
22 Baths
carpenters-square
10,391 ft²
property_type
Commercial
calendar
Built 1919
An iconic property located in the coveted historic west end of Town, this one of a kind Crested Butte hotel cannot be duplicated. At 10,391 SF, the property features 19 guest rooms, 22 bathrooms, a managers apartment, spacious common areas for guests, a large kitchen, a full bar, comfortable guest lounging and dining areas as well 2 lobby powder rooms. Beautifully renovated and very well maintained, the original locally sourced Douglas fir wood flooring was recently refinished and all of the guest accommodations are individually decorated. The third floor rooms include balconies with spectacular views of the ski resort and the surrounding mountains. The Elk Mountain Lodge is nestled in a quiet residential neighborhood surrounded by historic residences. It is the only in-town hotel located west of 5th Street and enjoys convenient access to Elk Avenue’s commercial core and the skier shuttle stop to Crested Butte Mountain Resort. The popular Lower Loop ski, bike and hiking trail system is only a few blocks away. The offering includes all of the assets of the profitable hotel business including the fixtures, furnishings and equipment. Highlights include the Baby Grande piano, a liquor license, a roomy hot tub facility, deeded off-street parking, a large front deck, and a 1,203 SF basement. Other assets include the business’ a high performance website and domain name plus the business’ brand. There is also a fleet of townie bikes for guests and overnight storage for skis and bikes. Recent capital improvements include a new commercial laundry room, a new Wolf range, new windows, recently replaced roof, a new deck with custom iron railings, and a commercial grade internet and WiFi system by King Systems. The offering includes a commercial (vacant) parcel located on Belleview Avenue.
MLS® ID:
789847
Listed:
1/20/22
Updated:
9/27/22
Coldwell Banker
Molly Eldridge

Interior Features

Total Bedrooms
0
Full Bathrooms
9
Half Bathrooms
4
3/4 Bathrooms
9
Floor Description
Carpet, Wood
Heating
Baseboard, Electric, Fireplace(s), Hot Water, Natural Gas, Wood

Exterior/Building Features

Lot Size
7,840 ft² lot
Lot Details
Corner Lot
Roof
Metal
Sewer
Connected, Public Sewer

Other Property Details

Area Name
Crested Butte
Taxes
$21587
Tax Frequency
per YEAR
Garage
No
Parking
Common, Off Street, Parking Space(s)
Parking Total
9.0
View
N
County
Gunnison
Utilities
Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Connected
Water Source
Public
Pool
No
Total Stories
3

Property History

Date
Event
Price
Value
9/27/22
Price Change
$10,000,000
-9%
5/3/22
Price Change
$11,000,000
-8%

 

Courtesy of LIV Sotheby's International Realty - CB 


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Data last updated on: 9/27/22

Coldwell Banker
Molly Eldridge
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