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This opportunity is a rare find for the serious restaurateur or business person looking to capitalize on the growing Colorado ski and summer resort market Crested Butte, Colorado.

The owner’s are retiring after a 30+ years in Crested Butte.

Imagine owning an award-winning restaurant and upscale bar in an intimate and contemporary mountain setting with a professionally designed kitchen.

Additionally, this offering includes a separate gourmet catering and take-out deli business immediately adjacent to the restaurant. This business shares the same kitchen and storage infrastructure.

The sellers are retiring from a successful 35-year restaurant career in Crested Butte.

Located in a busy shopping and services district – The Majestic Plaza – of Crested Butte. Crested Butte Center for the Arts is across the street, the Majestic Theatre, The Daily, Clarks Market and ski resort shuttle stop are closeby. Large PUD parking lot, ADA accessible and bonus 700 sq. ft exclusive use patio for outdoor seating included.

Offering Details:
3754 total square feet
700 sft outdoor patio
Large dining areas
Bar and lounge seating
Pogoloff custom bar and wine racks.
Dedicated server room with stations
Professionally designed and outfitted commercial kitchen including:
Large cold storage
and dry storage units
Dedicated dishwashing station and employee lockers.

Offering includes:
Real estate
Both Businesses – Restaurant and Deli
All Trade Secrets
Menus
Business Handover Consulting & Support
All fixtures, furnishings and equipment
All on-hand inventory

View 360 Tour

Located just 4 Blocks from Downtown Crested Butte, at the end of 2nd Avenue, the views from every room at 127 Butte Avenue are stunning.

Featuring 2nd story living, 127 Butte Avenue offers the perfect floor plan for this location and lifestyle.

Enjoy 5 bedrooms, 3 full and 1 1/2 bathrooms and a detached accessory set up as a back office/studio with a 1/2 bath.

There are gorgeous vaulted ceilings in the main living room feature hand-hewn, custom scissor trusses, a rock fireplace, a wrought iron chandelier and French doors that lead to the large second story deck.

The second living room at the southern end of the home is perfect for an office, beds or a study.

Both the main living room and deck showcase stunning, protected views of Mt. Crested Butte and the Slate River Wetlands open space, Teocalli, Whiterock, and Gothic Mountains.

The home’s master bedroom includes tall ceilings, dramatic views, double doors to the awesome flagstone patio and backyard that includes a garden and a back gate to a nordic ski trail that wraps itself around Crested Butte’s coveted Kapushion Annexation.

The kitchen features alder cabinets, concrete counter tops, a apron sink, Wolfe range & Bosch appliances & a beautiful custom wood bar.

The large dining area features a copper sink, a wet bar, glass uppers, and a wine rack & mini-Fridge.

Offered for $1,995,000

The Details:
2944 Sq. Ft
5 Bedroom
3 Full, 2 Half Baths
252 Sq. Ft., 1 Car Attached/heated garage & heated driveway
Detached guest house
Flagstone patio
Chocolate glazed alder doors
Antique oak flooring
Honed absolute granite slab countertops, slate & custom tile baths.
Radiant in-floor heat
Reclaimed wood and Artisan detail throughout.
Central vacuum

Exclusively Marketed by Channing Boucher of Benson Sotheby’s International Realty in Crested Butte.

According to the poll, short sales jumped to 15.9 percent of home purchase transactions last month.  

“Short-sales activity took a temporary dip in November around the expected expiration of the first-time homebuyer tax credit,” said Thomas Popik, the survey’s research director, in a press release.

“Few first-time homebuyers wanted to take the chance that their short-sale transaction wouldn’t be approved by the Nov. 30 deadline. But now that the tax credit has been extended, we see first-time homebuyers once again snapping up attractively priced short sales.”

Because mortgage lenders often take several months to approve a short sale, such transactions are most attractive to first-time homebuyers who don’t need to also sell a current home in a given time period, the release said.

The release also outlined possible reasons why short sales might be more palatable than REO transactions.

“Short sales typically result in lower lender losses and houses left in more saleable condition. Moreover, borrowers that agree to a short sale can often buy another house with mortgage financing after only two years. For borrowers going though the foreclosure process, mortgage financing can be unavailable for a period of five to seven years.”

Short sales typically sell for only 91 percent of listing price, while move-in ready REOs sell for 99 percent of listing price, on average, the release said.

Thanks for visiting today,

Channing Boucher
Benson Sotheby’s International Realty
Crested Butte Colorado
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