Sold
226 Elk Avenue
Crested Butte CO, 81224
$6,000,000
$1,100.11 per sqft
Sold
5,454 sqft
Commercial
Built in 1990
Bought with with Coldwell Banker Mountain Properties and Listed by Channing Boucher with LIV Sotheby's International Realty - CB 970-596-3228
It doesn't get any better than this location in Crested Butte's commercial core. 226 Elk Avenue, home to Elk Avenue Prime, is for sale along with all of the business assets. This is Crested Butte's largest and best designed restaurant and bar and one of our valley's most profitable operations. The offering includes a currently leased Elk Avenue retail space and a covered dining patio off the sidewalk with views of Mt. Crested Butte. The total "on-grade" space is 5,454 SFT. The restaurant capacity allowance is 180 patrons. The property includes a professionally designed kitchen and grill, a spacious bar with seating for 16 at the bar plus 24 at the high tops. The spaces are decked out in gorgeous wood posts and beams, hardwood floors and wood wainscoting, two floor-to-ceiling rock fireplaces, designer lighting throughout and all of the charm and character you would expect from Crested Butte's finest restaurant and bar business. There is also a fully equipped 1,328 SFT basement comprising a dedicated wine room, cold and dry storage and prep areas. A complete property and business asset information packet is available for review by qualified investors only and via an executed NDA agreement with the seller.
778014
MLSⓇ ID
March 5, 2024
Updated
Interior Features
Total Stories
2
Half Bathrooms
2
Floor Description
Wood
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas, Radiant Floor
Exterior/Building Features
Lot Size
0.14 Acres
Sewer
Connected, Public Sewer
Other Property Details
Area Name
Crested Butte
Taxes
$38,417
Tax Frequency
Annually
Days on Market
84
Garage
No
Parking
Rear/Side/Off Street
View
No
County
Gunnison
Water Source
Public
Pool
No
Utilities
Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Connected
Bought with with Coldwell Banker Mountain Properties and Listed by Channing Boucher with LIV Sotheby's International Realty - CB 970-596-3228
SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
©COPYRIGHT (2025) by COLORADO REAL ESTATE NETWORK 121 N Park Avenue, Suite #4, Montrose, CO 81401. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).
PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
Real estate listings held by companies other than Compass will feature the respective company’s name.
Data last updated on: 3/5/2024