121 W Colorado Avenue, Telluride, CO 81435

Building Details

Year Built

1970

Listing agent Telluride Properties

Listing office Show Phone

Listing date Mar 5, 2024

Source Xome

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Overview

Located on Colorado Avenue in downtown Telluride, this property presents a development and investment opportunity. Situated between Fir and Pine Streets, it benefits from high pedestrian traffic. The existing structure, formerly home to Telluride Outside, is considered non-historic and may be removed to make way for a mixed-use project. A two-year HARC approval is in place for a development that includes a restaurant with a lower-level speakeasy, a three-bedroom penthouse residence, and a one-bedroom affordable housing unit. The property currently generates lease income, providing cash flow while a future development is planned. The property size is 1088 square feet.

Suggested Use

Auto Parts Store Storage Facility Electrical Service Car Rental Facility Computer & Electronic Repair Veterinary Clinic Cosmetic Store Arcade & Gaming Center Coworking & Hybrid Office Big Box & Wholesale Store

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

Location Insight

• Map
• Local Demand

City

Telluride

County

San Miguel

State

Colorado

Longitude

-107.811198

Latitude

37.9375589

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FAQs

What type of property is this?

Mixed-use property - High-traffic location with development potential and existing lease income.

Where is this mixed-use property located?

The property is located at 121 W Colorado Avenue Telluride, CO.

What is the asking price?

The asking price for this property is $5,600,000.

What are key features of this property?

This property features: Prime location on high‑traffic Colorado Avenue in downtown Telluride.; Approved for a dynamic mixed‑use development project.; Includes plans for a restaurant with a speakeasy, a penthouse residence, and an affordable housing unit.