$7,000,000
( $893.43Per Sq Foot )
 $37,578 forsale estimated payment Sourced by Back At You

120 & 122 Elk Avenue , Crested Butte, CO 81224

Crested Butte, CO 81224

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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.

Details

Mls811788
Listing TypeFor Sale
StyleMixed Use
BuildingnamePenelopes
Suite Number1
SubtypeResale
StatusActive
Year1890
Days On Site261
Listing Provided ByLIV Sotheby's International Realty - CB | Channing Boucher

Features

Baths 8 Total
Sq Feet7,835
Storys2
Units11
ZoningCommercial
Acreage0.23
Water FrontYes

Market Activity 81224

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Listings Checked: 3 minutes ago
StateCO
CountyGunnison
CityCrested Butte
Zip Code81224
AreaCrested Butte
Listing VS Median (in 81224)
Price:
$7,000,000
low | high
Med:
$1,950,000
100% of Average
SqFt:
7,835
low | high
Med:
2,525
100% of Average
$ / SqFt:
$893
low | high
Med:
$772
63.560113154173% of Average
On Site:
261
low | high
Med:
155.000000
100% of Average
Sourced by Back At You
Listing Updated: November 25, 2024 at 12:48:21 PM PST