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.
Mls | 811788 |
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Listing Type | For Sale |
Style | Mixed Use |
Buildingname | Penelopes |
Suite Number | 1 |
Subtype | Resale |
Status | Active |
Year | 1890 |
Days On Site | 261 |
Listing Provided By | LIV Sotheby's International Realty - CB | Channing Boucher |
Baths | 8 Total |
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Sq Feet | 7,835 |
Storys | 2 |
Units | 11 |
Zoning | Commercial |
Acreage | 0.23 |
Water Front | Yes |
State | CO |
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County | Gunnison |
City | Crested Butte |
Zip Code | 81224 |
Area | Crested Butte |
Listing VS Median (in 81224) | |
Price: $7,000,000 low | high Med: $1,950,000 SqFt: 7,835 low | high Med: 2,525 $ / SqFt: $893 low | high Med: $772 On Site: 261 low | high Med: 155.000000 |