Hello from Crested Butte,
As Crested Butte’s lifestyle popularity grows, so does interest in our business and investment real estate. It seems like more people are relocating to the area, some bring their businesses with them and some seek local opportunities that will support their lifestyle dreams and community integration goals.
The trick to making it happen financially in Crested Butte? Get creative, be flexible and do what the local economy tells you to do. There is a reason our community school is full of teachers that are overqualified for their job. They want to live here and with a spiking student population and a recently passed multi-million dollar school bond the job security meter is pretty high.
A number of local businesses have traded hands in recent history including the sale of 5 popular restaurants and one of Crested Butte’s longest running retail operations: Poohs Corner toy store. Another well-known restaurant, The Avalanche Bar and Grill located in the base area in Mt Crested Butte, is under contract. Perhaps this activity signals a changing of the local business guard?
Representing the next generation of Crested Butte commercial spaces, the former Penelope’s Restaurant at 120 Elk Avenue was recently renovated into a modern, mixed-use development. The location now offers a brand new, turn-key 2150 sft. neighborhood-style restaurant, a 1000 sft. retail space with Elk Avenue frontage and various professional office spaces on both sides of Coal Creek. Visit 120ElkAvenue.com
Another highly visible commercial offering for sale is the Wine House parcel located at the 4-way stop and Hwy 135 in Crested Butte. This .18 acre property offers tremendous exposure to all Crested Butte and Mt. Crested Butte resort traffic and with the recent 4-way stop makeover the location offers plenty of parking and easy pedestrian access to and from the nearby resort shuttle bus stop.
Also in the works is a development on 6th Street aka Hwy 135 called Sixth Street Station. This promising new project that will be located between Gothic Avenue and Butte Avenue. The development will be mixed-use, with a residence club offering, a resort shuttle stop, retail shops and restaurant outlets planned.
Thanks for visiting,
Benson Sotheby’s International Realty
Local Knowledge Global Reach