$477,000
$489,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
120 W Silver Ave Crestone, CO 81131
4 Beds
4 Baths
4,250 SqFt
Key Details
Sold Price $477,000
Property Type Single Family Home
Sub Type Attached Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 4,250 sqft
Subdivision Town Of Crestone
MLS Listing ID 3378497
Sold Date 02/25/21
Style Cottage/Bung,Chalet
Bedrooms 4
HOA Y/N false
Abv Grd Liv Area 4,250
Originating Board REcolorado
Year Built 2005
Annual Tax Amount $1,630
Lot Size 0.280 Acres
Acres 0.28
Property Description
The Mystic Rose Cafe is for Sale! This is your chance to own exceptional income producing property in the heart of Crestone. The first floor boasts a newly renovated 2000 sq. ft. restaurant, including a fully equipped and licensed commercial kitchen, stunning 60' hand carved wooden bar, and brand new tables and chairs for patrons. The restaurant opens up into a newly fenced, furnished and landscaped courtyard with a pergola overhang, nearly doubling the overall seating potential. Two separate staircases provide access to the upstairs apartments, each with their own entrance and with balcony access. Three of the fully furnished charming apartments upstairs share community access to a full upstairs kitchen and bathroom facilities. The fourth furnished apartment has its own kitchen and bathroom. The upstairs apartments have been successfully rented long term as well as used as Air B&B rooms. Constructed in 2004, with over $100K in renovations in 2018, this property includes immediate guaranteed income from the current renters through May 2021. Nestled in the Sangre De Cristo Mountain Range, Crestone is a destination for spiritual travelers as well as mountaineering and hunting aficionados.
Location
State CO
County Saguache
Area Out Of Area
Zoning Commercial
Direction Corner of Alder and Silver Streets in Downtown Crestone
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Type Single Fireplace
Fireplace true
Exterior
Exterior Feature Balcony
Garage Spaces 8.0
Fence Partial
Utilities Available Electricity Available, Propane
View Mountain(s)
Roof Type Metal
Street Surface Dirt
Porch Patio, Deck
Building
Faces Northeast
Story 2
Foundation Slab
Sewer Other Water/Sewer, Community
Water Well, Other Water/Sewer
Level or Stories Two
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Moffat
Middle Schools Moffat
High Schools Moffat
School District Moffat 2
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with Sangre de Cristo Real Estate
EWN Real Estate Group