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    123 Colorado Ave Telluride, CO 81435

    For Sale
    $16,500,000

    Prime Telluride location, exceptional development potential.

    Property size:
    4,067 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 0.22-acre commercial property at 123 E Colorado Avenue in the heart of historic Telluride, Colorado presents a once-in-a-generation development opportunity. Spanning 9,375 square feet (three combined lots), this property boasts a rare advantage: it is completely free of any historical designations, unlocking maximum development flexibility. Located on the sunny side of Main Street, this site enjoys unparalleled visibility and foot traffic. Its enviable position places it in the immediate vicinity of highly successful and established businesses, including Brown Dog Pizza, Butcher and Baker, Rustico Ristorante, La Cocina De Luz, and The National. This prime location ensures high visibility and accessibility for any future development. The 4,067 square foot building offers significant potential for redevelopment or repurposing. The property's size and location make it ideal for a variety of commercial ventures, from restaurants and retail spaces to boutique hotels or mixed-use developments. The absence of historical restrictions significantly reduces development complexities and timelines, making this an exceptionally attractive investment for discerning developers seeking a high-impact project in one of Colorado's most desirable mountain towns. The asking price is $16,500,000. This is a truly unique opportunity to acquire a landmark property in Telluride.

    Property Features for 123 Colorado Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,067 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1969
    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
    -107.8102
    Latitude
    37.93725

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Telluride location, exceptional development potential.
    Where is this commercial real estate located?
    The property is located at 123 Colorado Ave Telluride, CO.
    What is the asking price?
    The asking price for this property is $16,500,000.
    (970) 728-6667
    Request Owner's contact information
    123 Colorado Ave Telluride, CO 81435
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    Telluride, CO 81435
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    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
    123 Colorado Ave Telluride, CO 81435
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