119 W Colorado Ave, Telluride, CO 81435

Property Details for 119 W Colorado Ave

Year built

1973

Lot size

0.07 lot acres

Zone code

C3

Property type

Retail space

APN

1010001730

APU

1010001730

Description

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.

Location Insight

City

Telluride

County

San Miguel

State

Colorado

Longitude

-107.811

Latitude

37.9375

Property Tax & Assessments