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120 & 122 Elk Avenue , 1-11

Crested Butte, CO 81224
  • $7,000,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 811788
$7,000,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 3
    BATHS
  • 5
    1/2 BATHS
  • 7,835
    SQFT
  • $893
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Listing courtesy of LIV Sotheby's International Realty - CB: 970-349-6653.


Description

A special high profile mixed use commercial-residential opportunity on Elk Avenue in the west end of town, Penelopes is available for the first time since the historic restaurant property was completely redeveloped in 2007. Currently home to Asian Ryce Bistro, Chopwood, Creekside Spa, ID Studio and a beautiful 2,100 SF, 3 bed luxury home on Coal Creek known as the Penthouse, 120 and 122 Elk Avenue comprise 11 total units and 7,835 SF. The two-building property straddles the creek with patios, walkways and a footbridge. From the Elk Avenue sidewalk a ADA walkway and a big patio serve the restaurant, bar and the upstairs professional spaces access while the retail space enjoys covered porch access right off the sidewalk. The private alley in the rear serves the Penthouse, two garage spaces and three ground floor-patio office spaces. Leases in place with current tenants.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-04-20T22:30:38.613.
www.thehowegroup.co/homes/148797757
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120 & 122 Elk Avenue , 1-11 Crested Butte, CO 81224

  • Price: $7,000,000
  • Status: Active
  • On Site: 32 Days
  • MLS #: 811788
0
Beds
3
Baths
5
½ Baths
0.23
Acres
7,835
SQFT
$893
$/SQFT
1890
Built
Neighborhood:
None
County:
Gunnison
Area:
Crested Butte
Property Description
A special high profile mixed use commercial-residential opportunity on Elk Avenue in the west end of town, Penelopes is available for the first time since the historic restaurant property was completely redeveloped in 2007. Currently home to Asian Ryce Bistro, Chopwood, Creekside Spa, ID Studio and a beautiful 2,100 SF, 3 bed luxury home on Coal Creek known as the Penthouse, 120 and 122 Elk Avenue comprise 11 total units and 7,835 SF. The two-building property straddles the creek with patios, walkways and a footbridge. From the Elk Avenue sidewalk a ADA walkway and a big patio serve the restaurant, bar and the upstairs professional spaces access while the retail space enjoys covered porch access right off the sidewalk. The private alley in the rear serves the Penthouse, two garage spaces and three ground floor-patio office spaces. Leases in place with current tenants.
Exterior Features

Acreage Range Less than 1/2 Carport No Lot Dimension Variable Parking Off StreetIn Rear of Building Property Attached Yes Roof Metal Sewer Public Sewer Installed Stories 23 Street Description City/TownOther Water Public Water Well No Waterfront Creek Waterfront YN No

Interior Features

Finished Sq Ft 7835 Flooring CarpetTileWood Foundation Concrete Heating Fuel Source Natural Gas Heating System In-Floor Radiant Heating System1 Gas Loading Dock No Main Sq Ft 7835 Number Overhead Doors 3 One Quarter Baths 0 Total Offices 5

Property Features

American Disabil Act Yes Available Utilities Internet Books Available Yes Cam No Covenants YES Current Business Asian RyceChopwood Current Use Mixed Use Desc Of Business Mixed Use Documents On File Aerial PhotosCovenantsEquipment ListLeasesLegal Description Enterprise Zone No Exchange Trade No Existing Utilities ElectricInternetNatural Gas Fixtures Included Yes Inventory Included No Lease Included Yes New Construction YN No Oa Fees TBD Oa Fees Frequency Unknown Oa Name Penelopes Owners Association Yes Possible Property Use Mixed-Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2023 Tenant Pays Common Area MaintenanceElectricExt Maintenance (Bldg)GasInterior MaintenanceJanitorialReal Estate TaxesSewer/WaterSite Maintenance (Prop)Snow RemovalTrash Total Taxes 40984 Type Multi-Use w/Res Type Of Sale N/A Variable Rate Yes Water Rights No Year Started 2007 Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-04-20T22:30:38.613.
 
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The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of LIV Sotheby's International Realty - CB: 970-349-6653.