0.23± Acres
Gunnison County, CO

120 & 122 Elk, Crested Butte, Colorado

MLS ID: 811788
Status: Active
Price: $7,000,000
Acres: 0.23±
Type: Development, Commercial
Address: 120 & 122 Elk
City, State: Crested Butte, CO
County: Gunnison County
ZIP Code: 81224
Parcel Number: 325503151019
Listed by: Channing Boucher of Liv Sotheby's International Realty - Cb
Bathrooms: 8
SqFt: 7,835
Year Built: 1890


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.

Additional Information


Bathrooms Half: 5
Bathrooms Full: 2
Building Area Total: 7,835
Flooring: Carpet, Tile, Wood
Furnished: Unfurnished
Heating (Yes/no): Yes
Heating: Natural Gas, Radiant Floor


Foundation Details: Concrete Perimeter
Inclusions: Furniture, Fixtures
Lot Size Dimensions: Variable
Parking Features: Off Street, Rear Side Off Street
Property Attached: Yes
Road Frontage Type: City Street, Other
Roof: Metal
Stories: 2
Water Source: Public
Waterfront Features: Creek


Association (Yes/no): Yes
Association Name: Penelopes
Days On Market: 17
Tax Annual Amount: 40984
Zoning Description: Commercial

Extra Information

Documents Available: Aerial, Inventory, Legal Description, Lease, Restrictive Covenants
Robert Gash, ALC

Robert Gash, ALC

Cedaredge, Colorado

(970) 986-2955

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Listed By: Channing Boucher of Liv Sotheby's International Realty - Cb