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$ 5,600,000
Est. payment /mo
Price Dropped by $300K
121 W Colorado AVE Telluride, CO 81435
0.5 Baths
1,088 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Spaces
Listing Status Active
Purchase Type For Sale
Square Footage 1,088 sqft
Price per Sqft $5,147
MLS Listing ID 42328
Half Baths 1
Year Built 1970
Annual Tax Amount $36,435
Tax Year 2025
Lot Size 3,049 Sqft
Property Sub-Type Commercial Spaces
Property Description
This premier high-traffic development and investment opportunity is located on the sunny side of Colorado Avenue in the heart of downtown Telluride, between Fir and Pine Streets, along one of the most active pedestrian blocks in town. Formerly home to Telluride Outside, the existing non-historic structure may be removed and replaced with a dynamic mixed-use project with a two-year HARC approval in place, including a restaurant with a lower-level speakeasy, a three-bedroom penthouse residence, and a one-bedroom affordable housing unit. The property currently provides strong lease income, offering attractive cash flow while a future development is planned. Seller financing is available. See disclosures in the Addendum and click on documents.
Location
State CO
County San Miguel County
Zoning Commercial
Interior
Heating Baseboard
Exterior
Parking Features 4 Car
Utilities Available Regular Phone
Roof Type Other
Building
Water City
Listed by Telluride Properties
NEARBY SCHOOLS & PROPERTIES
Lee Roufa
Broker License Partner Engel & Volkers Telluride | License ID: ec100033234