Building Details

Construction Southwest

Tenancy Multi

Listing Agency: Crestone Peak Realty D***@test.com Show Phone

Listed By: Bonita Day · License #100107837 Show Phone

Source: Exprealty

Added: Jul 3 Changed: Aug 20 Last Checked: Sep 8 at 12:25PM

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Investment Insights

Based on property information with market context.

The Sangre De Cristo Inn is a mixed-use income property offering approximately 6,600 square feet of space with eight studio apartments on the upper level and multiple commercial suites on the ground floor. The building combines residential and commercial components within a single Southwestern-style structure.

The property is located in the heart of Crestone’s commercial district and is described as being within walking distance of local shops, galleries, restaurants, and community amenities. On-site front parking and ample street parking support both commercial and residential use.

Income is diversified through a combination of residential and commercial tenants. The commercial occupants are described as wellness practitioners, yoga instruction, beauty services, retail, real estate, massage therapy, and other professional service providers, while residential units are occupied under a mix of long-term and month-to-month rental arrangements. Please note that the property requires 48-hour minimum notice to show.

Key Highlights

• Mixed‑use building totaling approximately 6,600 SF with eight studio apartments and ground‑floor commercial suites
• Diversified income from residential and commercial tenants with a mix of long‑term and month‑to‑month rental arrangements
• Current commercial occupants include wellness practitioners, yoga instruction, beauty services, retail, real estate, massage therapy, and other professional services

Property Analytics

Property Profile

Current Use

Apartment buildings

Lease Details

8

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

105

Businesses Nearby

Explore this area Business Placement

Demographics for 81131, CO

1,510

Population

794

Households

1.9

Avg Household Size

55

Median Age

51%

College-Educated

95%

High-School Grad

373.0 sq mi

ZIP Area

4

Density / Sq Mi

$60,625

Median Household Income

$33,403

Median Earnings

$1,259

Median Rent

$345,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Mixed-use building with eight studio apartments and ground-floor commercial suites, supported by front and street parking.

Where is this apartment building located?

The property is located at 116 S Alder Ave Crestone, CO.

What is the asking price?

The asking price for this property is $780,000.

What are key features of this property?

This property features: Mixed‑use building totaling approximately 6,600 SF with eight studio apartments and ground‑floor commercial suites; Diversified income from residential and commercial tenants with a mix of long‑term and month‑to‑month rental arrangements; Current commercial occupants include wellness practitioners, yoga instruction, beauty services, retail, real estate, massage therapy, and other professional services