624 Gothic Ave, Crested Butte, CO 81224

This is a rare opportunity to live in downtown Crested Butte and own one of Colorado’s most renowned small bed & breakfasts inns. Your #mountainlife dream is within reach with this well designed, flexible, income-producing home. With a variety of options to match your desired lifestyle and revenue needs, you could choose to live in privacy in the nearly 1700 sqft, two bdrm, two bath residence comprising the top two floors and Airbnb the four en suite guest rooms on the main level. Or if revenue is a priority, you can expand guest space and Airbnb one or even both rooms on the upper levels. The Ruby of Crested Butte is perfectly located in historic downtown Crested Butte – Colorado’s last great ski town. Crested Butte is located approximately four hours from Denver and Grand Junction, and has a regional airport 30 minutes away in Gunnison, home to Western Colorado University. Crested Butte enjoys year round tourism due to the incredible quality and quantity of snow in the winter, the world famous mountain biking and wildflowers in the summer, and the worlds largest Aspen forest surrounding the town in gold in the fall. With charming boutiques, art galleries, distilleries, breweries, and restaurants just a one minute bike ride away, and the numerous parks, festivals, and trails for which Crested Butte is famous only two blocks away, it's easy to see why a bike is the preferred method of transportation for locals! Current owners founded the Ruby nearly 15 years ago. It has been rated the top Colorado bed and breakfast by TripAdvisor for the majority of its existence and is recommended as the area's top lodging choice by Lonely Planet and Sunset and Southern Living magazines. The sale includes culinary and hospitality training and a complete owners manual on all aspects of property operations. A consistent booking history, significant current advanced reservations with deposits, and thousands of happy customer contacts provide the best foundation a new B&B host could imagine. The building is in perfect condition and is located on a unique, extra-deep town lot. It recently underwent a major energy conservation project with extensive improvements to insulation throughout and major boiler and hot water system upgrades. The property comes furnished and operating. The timing of the transition is flexible since current owners will not be leaving the area. The top two floors, which can be separated from the main level, include two bedrooms, a loft, two bathrooms, a recently updated kitchen, dining room, a large living room with wood fireplace, and a laundry area. The main level consists of a four guest rooms with private bathrooms, another living room with a gas fireplace, a ½ bath, lobby, wet bar, and hot tub room. The garage also includes a second laundry area. All of the inn’s individually decorated guest rooms have private bathrooms and are furnished with a mix of antique and mountain modern amenities. The grounds have been fully landscaped with perennials and shrubs, one of the town’s largest backyards, and multiple outdoor seating areas to enjoy the unobstructed views of Mount Crested Butte and the surrounding mountains. Crested Butte is often mentioned as one of the coolest small towns in America. This helps the Ruby consistently maintain revenues of about $250,000 and occupancies of about 50%, resulting in a business model and reputation that make this opportunity both profitable and an excellent investment value for the knowledgeable buyer seeking both a lifestyle and a solid return on investment in one of America’s favorite outdoor destinations. Sale includes the real estate and turn-key business. Showings by appointment only.