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$ 780,000
Est. payment /mo
New
116 Alder Crestone, CO 81131
6,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $118
MLS Listing ID 4230953
Style Spanish
HOA Y/N No
Year Built 2002
Annual Tax Amount $12,338
Tax Year 2025
Property Sub-Type Multi Family
Source recolorado
Property Description
Investment opportunity in the heart of Crestone's commercial district. The Sangre De Cristo Inn is a mixed-use income property comprising approximately 6,600 square feet with eight studio apartments on the upper level and multiple commercial suites on the ground floor. This iconic Southwest-style building serves as a hub for local businesses and wellness-oriented enterprises, creating a unique and established presence in downtown Crestone. The property benefits from diversified income sources through a combination of residential and commercial tenants. Current commercial occupants include wellness practitioners, yoga instruction, beauty services, retail, real estate, massage therapy, and other professional service providers. Residential units are occupied under a mix of long-term and month-to-month rental arrangements, providing flexibility for future management strategies and rental optimization. The building's distinctive architecture, central location, and mixed-use configuration position it well for continued demand from both residential and commercial tenants. Located within walking distance of Crestone's shops, galleries, restaurants, and community amenities, the property enjoys excellent visibility and accessibility. Front parking and ample street parking support both commercial and residential use. For investors seeking a foothold in Crestone's unique and growing market, the Sangre De Cristo Inn offers a rare combination of existing income, tenant diversity, mixed-use flexibility, and future value-add potential through operational efficiencies, leasing strategies, and continued community growth. Property requires 48 hour minimum notice to show. Call for more information or to schedule a private tour today!
Location
State CO
County Saguache
Zoning Commercial Multi-Use
Interior
Fireplace N
Exterior
Exterior Feature Balcony
Utilities Available Electricity Connected, Phone Connected, Propane, Sewer Connected
Roof Type Membrane
Total Parking Spaces 5
Garage No
Building
Lot Description Corner Lot
Sewer Community Sewer
Water Public
Structure Type Frame,Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Crestone Peak Realty
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