309 Belleview AveCrested Butte, CO 81224

Property Details for 309 Belleview Ave

Year built

2001

Property size (Sq ft)

3,860 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property, located at 309 Belleview Avenue in Crested Butte, Colorado, presents a unique investment opportunity. The 3,860-square-foot building, constructed in 2001 and renovated in 2023, boasts a desirable R2C zoning designation. Currently operating with six tenants at 95% occupancy, the property features three ground-floor commercial units and three upper-level residential units, offering a blend of retail and residential income streams. The leases are multi-tenant, with a one-year term commencing November 16, 2024, and expiring November 16, 2025. The building is undergoing condominiumization, allowing for the potential sale of individual units separately. The property includes twelve unassigned parking spaces and a partial lot for snow storage, accessed via multiple entrances. The efficient design incorporates grandfathered-in natural gas in-floor heating, a significant advantage given current all-electric building codes. The building features a Carlyle brand rubber roof. The asking price is $3,000,000. A ground lease is in place, expiring November 16, 2025. The property sits on a 6,250-square-foot lot and is a two-story structure. Financial details, including profit and loss statements and lease terms, are available under a non-disclosure agreement. This is a prime opportunity to acquire a well-maintained, energy-efficient, and versatile property in a thriving Colorado mountain town.

Location Insight

City

Crested Butte

County

Gunnison

State

Colorado

Latitude

38.8675

Longitude

-106.985

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