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$3,600,000
Est. payment /mo
4 Baths
6,889 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,889 sqft
Price per Sqft $522
MLS Listing ID 835697
Half Baths 4
Year Built 1994
Tax Year 2024
Lot Size 1.150 Acres
Acres 1.15
Property Sub-Type Multi-Use
Property Description
The most-visited address in Crested Butte isn't a hotel or a restaurant, it's a building with double-height ceilings, a liquor license, and 52 parking spaces, and it's finally for sale. Positioned at the gateway to town along Highway 135, Majestic Plaza's three-screen cinema has been the backdrop of community life for over 25 years. Today it presents one of the most compelling redevelopment opportunities in the Gunnison Valley: a standalone, fully operational building with 6,889 rentable square feet, state-of-the-art digital projection, 300 seats across three theaters — and the bones to become something entirely new. Unit 110 is a self-contained condominium unit within Majestic Plaza, a 30-unit mixed-use condominium occupying approximately 1.15 acres in the south half of Block 48. The unit operates independently with its own heating, utilities, and roof. The three theater rooms feature double-height ceilings with documented potential to add second-floor buildouts, expanding total rentable square footage to approximately 9,679 SF. A third story may be possible, subject to engineering, HOA approval, and town review. Adjacent to Clark's Market and home to a USPS PO box facility that draws daily foot traffic from across the valley, Majestic Plaza sits directly on the free town bus route. With 52 dedicated parking spaces allocated to Unit 110 and 142 total spaces across the condominium, a position nearly impossible to replicate at this scale in Crested Butte. Designated T-Zone by the Town of Crested Butte, one of the most flexible commercial designations in the market. Retail, restaurant, office, residential, hotel, brewery, distillery — the canvas is wide open. The Opportunity : Properties of this scale, visibility, and zoning flexibility simply don't come to market here. Whether the vision is preserving its cultural legacy, pivoting to hospitality, layering in mixed-use programming, or expanding within the existing envelope — this is the rare product where location, infrastructure, and imagination converge.
Location
State CO
County Gunnison
Interior
Heating Electric, Natural Gas
Flooring Carpet, Concrete
Equipment 3X dig proj, sound sys, 300 seats, concession area
Furnishings Partially Furnished
Exterior
Parking Features Paved, Off Street, 20 + Total Spaces
Utilities Available Electric, Internet, Phone, Water
Building
Story 2
Foundation Concrete, Slab
Sewer Public Sewer Installed
Water Public
New Construction No
Others
Virtual Tour https://media.listivo.com/videos/019f0e92-9b96-7153-93d6-a2af1bf09941?v=88
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Listed by LIV Sotheby's International Realty - CB