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    109 Colorado Ave Telluride, CO 81435

    For Sale
    $4,298,000

    Prime Redevelopment Opportunity: Main Street Gem

    Property size:
    1,778 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This iconic 1,778 square foot commercial building, located at 109 W Colorado Avenue in Telluride, Colorado, presents a unique investment opportunity. Originally opened in 1920 as the Bank of Telluride, this historic structure boasts a rich and intriguing past. The property sits on a 0.07-acre lot and offers significant redevelopment potential. Detailed, HARC-approved plans are already in place, allowing for a seamless transition into a revitalized space. The approved plans encompass a mix of commercial and residential units, along with valuable parking and storage areas. The building's prominent 42-foot frontage on Main Street is subject to a Preservation Easement with the Town of Telluride, ensuring the preservation of its historical character. This is a rare chance to acquire a piece of Telluride's history and transform it into a thriving modern space. The asking price for this exceptional property is $4,298,000. The approved plans provide a clear path to realizing the full potential of this remarkable building, making it an attractive investment for discerning buyers seeking a blend of history, location, and future development. Detailed plans and specifications are available upon request.

    Property Features for 109 Colorado Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,778 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1920
    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
    -107.811
    Latitude
    37.93749

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Redevelopment Opportunity: Main Street Gem
    Where is this commercial real estate located?
    The property is located at 109 Colorado Ave Telluride, CO.
    What is the asking price?
    The asking price for this property is $4,298,000.
    (970) 728-6667
    Request Owner's contact information
    109 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
    109 Colorado Ave Telluride, CO 81435
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