Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    232 Colorado Ave Telluride, CO 81435

    For Sale
    $9,500,000

    Mountain Views, Prime Location, Approved Plans

    Property size:
    5,810 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 5,810 square foot commercial property at 232 W Colorado Avenue in Telluride, Colorado, presents a unique redevelopment opportunity. Situated on a 0.07-acre lot, the property boasts approved Tommy Hein architectural plans and a building permit, significantly streamlining the development process. The approved plans include a stunning penthouse residence featuring approximately 360-degree panoramic mountain views. This penthouse is designed for luxurious living with three bedrooms, three and a half bathrooms, a rooftop dining area, a hot tub, a bar, and expansive outdoor living spaces perfect for entertaining. In addition to the residential component, the commercial space offers a significant income stream with ten offices, three bathrooms, and a conference room. The commercial space currently benefits from an excellent, existing full-time tenant. Architectural drawings are available upon request, providing a comprehensive understanding of the approved design and specifications. Priced at $9,500,000, this property represents a rare chance to acquire a high-value asset in a desirable location with significant upside potential. The combination of residential and commercial space offers a unique investment opportunity in the heart of Telluride. Don't miss this chance to own a piece of Telluride's vibrant landscape.

    Property Features for 232 Colorado Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,810 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1973
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Parts Store Storage Facility Electrical Service Car Rental Computer & Electronic Repair Veterinary Clinic Cosmetics Store Arcade & Gaming Center Coworking Space Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Telluride
    County
    San Miguel County
    State
    Colorado
    Longitude
    -107.8127
    Latitude
    37.93734

    Nearby Similar for Sale

    • $425,000

      Telluride Office Space For Sale

      Office space available for purchase in Telluride, Colorado.
      301 Rio Vistas Rd, Telluride, CO 81435
      View Details
    • $3,750,000
      2,700 SF

      Telluride Retail Space: Prime Location

      High-traffic retail space, near Gondola & Main Street.
      230 Pne St, Telluride, CO 81435
      View Details
    • $2,500,000
      2,640 SF

      Telluride Commercial Property: Historic Music Venue

      Iconic Telluride bar & music venue, ready for new owner.
      132 Colorado 001 & 002, Telluride, CO 81435
      View Details
    • $13,000,000
      5,518 SF

      Luxury Telluride Mixed-Use Investment

      Seven-bedroom, mountain-view condo building.
      394 Colorado A B C & D Ave, Telluride, CO 81435
      View Details
    • $2,250,000
      4,603 SF

      Telluride Commercial Building - Prime Location

      Light industrial space, shop, offices, & deck.
      10 San Bernardo Dr, Telluride, CO 81435
      View Details
    • $800,000
      2,421 SF

      Telluride Live-Work Mixed-Use Property

      Prime Telluride Location: Live, Work, & Thrive
      202 Society Dr, Telluride, CO 81435
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Mountain Views, Prime Location, Approved Plans
    Where is this commercial real estate located?
    The property is located at 232 Colorado Ave Telluride, CO.
    What is the asking price?
    The asking price for this property is $9,500,000.
    (970) 728-3111
    Request Owner's contact information
    232 Colorado Ave Telluride, CO 81435
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    232 Colorado Ave
    Telluride, CO 81435
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 Colorado Ave Telluride, CO 81435
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.