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    119 Colorado Ave Telluride, CO 81435

    For Sale
    $5,200,000

    Prime Location, Development Potential

    Property size:
    2,858 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 2,858 square foot commercial property, situated on a 0.07-acre lot at 119 W Colorado Avenue in the heart of Telluride, CO, presents a unique opportunity for retailers, developers, or penthouse end-users. The building enjoys a highly desirable location on the 100 block of Colorado Avenue, benefiting from significant pedestrian traffic. A key advantage is the positive reception received from the Historic Architectural Review Commission (HARC) regarding a schematic proposal for condominium land subdivision of a rear lot. While not yet approved, this positive consensus significantly streamlines the path for future development. The property's existing structure is non-historic. The future owner will be responsible for submitting more detailed architectural plans for a proposed building on the vacant rear lot, followed by HARC approval and a replat of the underlying lot. This presents a chance to create a new structure while leveraging the existing building's prime location. The asking price for this remarkable investment opportunity is $5,200,000. The property's central location and the promising development potential make it an attractive proposition for discerning investors seeking a foothold in Telluride's vibrant commercial landscape. This is a rare chance to acquire a property with significant upside in a highly sought-after location.

    Property Features for 119 Colorado Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,858 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
    -107.8112
    Latitude
    37.93746

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Development Potential
    Where is this commercial real estate located?
    The property is located at 119 Colorado Ave Telluride, CO.
    What is the asking price?
    The asking price for this property is $5,200,000.
    (970) 728-3111
    Request Owner's contact information
    119 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
    119 Colorado Ave Telluride, CO 81435
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