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Commercial Real Estate Updates

Commercial Properties in the Town of Telluride

The commercial property market segment in Telluride has seen serious activity and momentum.

The significant 2013 commercial sales were:

  • Mahr Building, 131 West Colorado Avenue: Sold Price $2,440,000 MLS # 29436
  • Dahl Haus, 122 South Oak Street: Sold Price $1,250,000 MLS # 26449
  • Senate/Wick Building, 125 South Spruce Street: Sold Price $2,050,000 MLS # 29887
  • Telluride Times Building, 224 East Colorado Avenue: Sold Price $2,200,000 MLS # 28408
  • Fly Me to the Moon Saloon, 132 East Colorado Avenue: Sold Price $600,000 MLS #29379
  • And of course the sale of the Zoline property (The four corners parcel, the intersection of Pacific and Fir); Not in MLS

Year to date 2014 sales are:

  • The Music Store, 201 East Colorado Avenue: Sold Price $2,200,000 MLS #31132
  • Montana Placer, 210 South Oak Street: Sold Price $2,495,000 MLS #28538
  • Shanghai Building, 126 East Colorado Avenue: Sold Price $1,800,000 MLS #30015
  • Lots 9 & 11 corner of Pacific/Spruce: Sold Price $2,275,000 MLS #30872
  • Smuggler Units 225 South Pine: Sold Price $1,650,000 MLS #30052
  • Telluride Times Building, 224 East Colorado Avenue: Sold Price $2,598,000 MLS #30505
  • The half block near the post office. Sold Price $5,800,000 Not in MLS

This leaves only a few whole structure commercial properties listed:

  • The Steaming Bean, 221 West Colorado Avenue: List Price $2,495,000 MLS #29845
  • This property is fully entitled with a penthouse residential unit in the back.
  • The Yarn Shop, 320 West Colorado Avenue: List Price $1,890,000 MLS # 30009
  • Blue Point Restaurant, 123 South Oak: List Price $3,450,000 MLS # 28129
  • The Old Wagner gallery, 120 North Fir: List Price $1,750,000 MLS # 30131
  • The Studio Frank Building, 290 S. Townsend: List Price $4,375,000 MLS # 29582
  • The Old Bank Building, 109 West Colorado: List Price $2,350,000 MLS # 31277

That is all for free standing commercial structures listed.

Smaller commercial and office spaces also have seen a lot of activity. With a series of sales in the New San Juan Building, Heritage Building and Elks Building. 
Good examples for current listings are:

  • The Arroyo Space (2 units), 220 East Colorado: List Price $798,811 MLS # 30330
  • The Hot Yoga Space, 220 East Colorado: List Price $326,346 MLS # 30183

Again very few properties are available.

I hope this commercial overview helps. Feel free to contact me with any questions about commercial property.

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