232 Colorado Ave Telluride, CO 81435

This exceptional 5,810 square foot commercial property at 232 W Colorado Avenue in Telluride, Colorado, presents a unique redevelopment opportunity. Situated on a 0.07-acre lot, the property boasts approved Tommy Hein architectural plans and a building permit, significantly streamlining the development process. The approved plans include a stunning penthouse residence featuring approximately 360-degree panoramic mountain views. This penthouse is designed for luxurious living with three bedrooms, three and a half bathrooms, a rooftop dining area, a hot tub, a bar, and expansive outdoor living spaces perfect for entertaining. In addition to the residential component, the commercial space offers a significant income stream with ten offices, three bathrooms, and a conference room. The commercial space currently benefits from an excellent, existing full-time tenant. Architectural drawings are available upon request, providing a comprehensive understanding of the approved design and specifications. Priced at $9,500,000, this property represents a rare chance to acquire a high-value asset in a desirable location with significant upside potential. The combination of residential and commercial space offers a unique investment opportunity in the heart of Telluride. Don't miss this chance to own a piece of Telluride's vibrant landscape.