Mixed-Use Commercial Building
For Sale
$11,481,000
238 Colorado Avenue, Telluride, CO 81435
Mixed-use commercial property with ground-floor retail, basement space, and a second-floor condominium inventory on Main Street.
Property Size13,717 SF
Price / SF$836.99
Days on Market82
Property Features for 238 Colorado Avenue
General Information
Standard status
Active
Size
13,717 SF
Property subtype
Other
Additional Details
Business Included
Yes
Amenities
3
Building Details
Year Built
1994
Listing Agency:
Telluride Real Estate Brokers, Inc.
(970) 728-6667
Listed By:
Brigitte Kusuno · License #FA40037993
(970) 728-6667
Source:
Xome
Added: Jun 9
Changed: Aug 27
Last Checked: Aug 29 at 6:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Telluride Real Estate Brokers, Inc.
Investment Insights
Based on property information with market context.
238 East Colorado Avenue is a mixed-use commercial building located in Telluride’s Historic Commercial District, with all commercial condominium units included in the offering. The ground-floor retail spaces, patio area, basement commercial space, and the entire second floor are part of the package. The third-floor residential condominium is separately owned and not included.
The property is positioned for strong street-oriented retail visibility, with frontage on Colorado Avenue and Willow Street. A seller lease back of approximately 2,700 square feet at a competitive market rate is referenced as being subject to the transaction.
With the building’s existing condominium configuration spanning multiple levels, the property is presented as having redevelopment flexibility, including options for reconfiguring ground-floor storefronts, modernizing office suites on the second floor, and considering residential conversion of portions of the second floor subject to Town approvals and zoning requirements. Parking allocations and existing infrastructure are noted as providing a foundation for redevelopment planning.
The property is positioned for strong street-oriented retail visibility, with frontage on Colorado Avenue and Willow Street. A seller lease back of approximately 2,700 square feet at a competitive market rate is referenced as being subject to the transaction.
With the building’s existing condominium configuration spanning multiple levels, the property is presented as having redevelopment flexibility, including options for reconfiguring ground-floor storefronts, modernizing office suites on the second floor, and considering residential conversion of portions of the second floor subject to Town approvals and zoning requirements. Parking allocations and existing infrastructure are noted as providing a foundation for redevelopment planning.
Key Highlights
- Built in 1994, offering mixed‑use commercial space on Main Street in Telluride’s Historic Commercial District
- 238 E. Colorado Avenue includes ground‑floor retail spaces, patio area, basement commercial space, and the entire second‑floor condominium inventory
- Premier Colorado Avenue frontage plus Willow Street frontage, offering flexibility for retail storefronts and other redevelopment concepts
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 81435, CO
5,499
Population
5,033
Households
1.1
Avg Household Size
40
Median Age
72%
College-Educated
99%
High-School Grad
190.9 sq mi
ZIP Area
29
Density / Sq Mi
$81,777
Median Household Income
$52,482
Median Earnings
$1,137
Median Rent
$706,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Mixed-use commercial property with ground-floor retail, basement space, and a second-floor condominium inventory on Main Street.
Where is this retail space located?
The property is located at 238 Colorado Avenue Telluride, CO.
What is the asking price?
The asking price for this property is $11,481,000.
What are key features of this property?
This property features: Built in 1994, offering mixed‑use commercial space on Main Street in Telluride’s Historic Commercial District; 238 E. Colorado Avenue includes ground‑floor retail spaces, patio area, basement commercial space, and the entire second‑floor condominium inventory; Premier Colorado Avenue frontage plus Willow Street frontage, offering flexibility for retail storefronts and other redevelopment concepts
