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Furnished Hotel with Guest Balconies

129 Gothic Avenue, Crested Butte, CO 81224

For Sale
$9,000,000

The inn combines guest accommodations, a manager’s apartment, shared dining and lounge areas, and a full bar.

Property Size10,391 SF
Price / SF$866.13
Days on Market8

Property Features for 129 Gothic Avenue

General Information

Standard status Active
Size 10,391 SF
Total Parking Spaces 9
Property subtype Commercial
Zoning Commercial in Residential

Additional Details

Business Included Yes
Land Use hotel, commercial, residential

Amenities

Baby Grande piano
liquor license
roomy hot tub facility
deeded off-street parking
large front deck
1,203 SF basement

Building Details

Building Size 10,391 SF
Year Built 1919
Units 2
Listing Agency: Liv Sotheby's International Realty - Cb
Listed By: Channing Boucher · License #FA100003154
Source: Alpenglowproperties
Added: Nov 2 Changed: Nov 7 Last Checked: Nov 8 at 7:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liv Sotheby's International Realty - Cb

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Investment Insights

Based on property information with market context.

Built in 1919, this 10,391-square-foot hotel has 19 guest rooms and 22 bathrooms, along with a manager’s apartment, common guest areas, a large kitchen, dining and lounge spaces, and a full bar. Third-floor guest rooms have balconies. The offering includes the hotel’s furnishings and equipment, business brand and website, a liquor license, a hot tub facility, townie bikes, and overnight ski and bike storage. A 1,203-square-foot basement and deeded off-street parking are also included. Recent work includes a commercial laundry room, Wolf range, replacement windows and roof, a deck with custom iron railings, and a commercial-grade internet and WiFi system.

The property is at 129 Gothic Avenue in Crested Butte’s historic west end, in a residential neighborhood. Elk Avenue’s commercial core and the skier shuttle stop for Crested Butte Mountain Resort are accessible from the property; the Lower Loop trail network is a few blocks away. Zoning is listed as Commercial in Residential. The described configuration supports continued use as a 19-room lodge or use of four first-floor rooms for employees or a family while retaining 15 guest rooms upstairs.

Key Highlights

  • Hotel includes 19 guest rooms, 22 bathrooms, and a manager’s apartment
  • 10,391 SF building with a 1,203 SF basement
  • Includes furnishings and equipment, business brand and website, and liquor license

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Elk Mountain Lodge Hotel & Motel

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Garden Center Barber Shop Tanning Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

823
Businesses Nearby

Demographics for 81224, CO

3,941
Population
2,459
Households
1.6
Avg Household Size
41
Median Age
73%
College-Educated
100%
High-School Grad
262.3 sq mi
ZIP Area
15
Density / Sq Mi
$97,535
Median Household Income
$46,511
Median Earnings
$1,408
Median Rent
$862,100
Median Home Value
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Frequently Asked Questions

What type of property is this?
Hotel - The inn combines guest accommodations, a manager’s apartment, shared dining and lounge areas, and a full bar.
Where is this hotel located?
The property is located at 129 Gothic Avenue Crested Butte, CO.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Hotel includes 19 guest rooms, 22 bathrooms, and a manager’s apartment; 10,391 SF building with a 1,203 SF basement; Includes furnishings and equipment, business brand and website, and liquor license
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