507 Red Lady Ave 110

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507 Red Lady Ave 110

Crested Butte, CO 81224
Asking Price
$3.60M
Asset Type
Retail
Class
Class B

What's Special

507 Red Lady Avenue, Unit 110, is situated in the central business district of Crested Butte, Colorado. The neighborhood is characterized by a mix of historic architecture and modern amenities, serving as a primary hub for both residents and seasonal visitors. The property is located near the town’s main commercial corridor, offering proximity to local hardware stores, professional offices, and grocery services. Public transportation is accessible via the nearby Mountain Express shuttle stops, providing regional connectivity between the town center and the Crested Butte Mountain Resort base area. This retail asset is suitable for boutique shops, equipment rentals, or service-oriented businesses seeking visibility in a high-footprint mountain community. The unit’s layout supports diverse floor plans ranging from traditional storefront displays to combined showroom and administrative spaces. Typical tenants include independent retailers, specialty gear purveyors, and local service providers who benefit from the area's consistent pedestrian traffic. The location accommodates businesses that cater to a demographic of year-round locals and outdoor recreation enthusiasts frequenting the Gunnison Valley.

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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.38%
Monthly Payment
$17,810.836
Annual Cash Flow
$-133,730.029

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