121 W Colorado Ave, Telluride, CO 81435
- Retail space
- 1,088 SF
- 0.07 lot acres
Current Use by Public Records
- Retail space
Property Details for 121 W Colorado Ave
- Year built
- 1970
- Lot size
- 0.07 lot acres
- Zone code
- C3
- Property type
- Retail space
- APN
- 1010001140
- APU
- 1010001140
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 11, 2022 | $4,400,000 | Gogoplot Ventures Co LLC | 121 Colorado LLC | Warranty Deed | $3.1M · Timberline Bank |
| Aug 13, 2007 | — | 121 Colorado LLC | Edward E Sheridan | Warranty Deed | — |
| Aug 25, 2006 | $1,500,000 | Edward E Sheridan | San Miguel Land Co | Warranty Deed | — |
Description
This exceptional 1,088 square foot commercial property, situated on a 0.07-acre lot at 121 W Colorado Avenue in the heart of Telluride, Colorado, presents a unique investment and development opportunity. Currently a non-historic building, it boasts a highly desirable location on the sunny side of Colorado Avenue, known for its high pedestrian traffic. The property's zoning allows for redevelopment, with existing HARC (Historic Architectural Review Commission) approval for a dynamic project. This approved plan includes a ground-floor restaurant, a lower-level speakeasy, a three-bedroom penthouse residence, and a one-bedroom affordable housing unit. The wider sidewalk enhances pedestrian accessibility, further increasing the property's appeal. This central Telluride location offers unparalleled visibility and access to the town's vibrant atmosphere and bustling tourist activity. The asking price is $5,900,000. Detailed disclosures and supporting documents are available upon request. This is a rare chance to acquire a prime commercial property in a world-renowned mountain town, poised for significant return on investment. The approved plans offer a diverse revenue stream, combining commercial and residential uses. Don't miss this once-in-a-generation chance to shape the future of Telluride's commercial landscape.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,130,000
- ML approach
- $4,385,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Telluride
- County
- San Miguel
- State
- Colorado
- Longitude
- -107.811
- Latitude
- 37.9376
