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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

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.
More about this property
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