119 W Colorado Avenue, Telluride, CO 81435 (MLS# 43129)


$5,200,000
119 W Colorado Avenue
Telluride, CO 81435
MLS# 43129



119 W Colorado Avenue, Telluride, CO 81435
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119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435 119 W Colorado Avenue, Telluride, CO 81435

Property Description
A newly conceived commercial offering for retailers, developers, or penthouse end users for a building located in the heart of the 100 block of Colorado Ave., with heavy pedestrian traffic. Although not an approval, a very positive consensus by the HARC board of a schematic proposal was achieved without objection for creating a condominium land subdivision of a lot to the rear of the existing, non-historic structure. The eventual owner would be required to present more refined drawings of a proposed building on the vacant land, and subsequently for approval by HARC along with a replat of the existing underlying lot.

Details
Documents
Listing Location Info
Current Price: $5,200,000
Sub-Type: Commercial Spaces
Area: Town of Telluride - 11 (Major Area 10)
Asking Price: 5200000
Street #: 119
Street Direction Pfx: W
Street Name: Colorado
Street Suffix: Avenue
City/Town: Telluride
County: San Miguel County
State/Province: CO
Postal Code: 81435
Keywords Info
# Of Tenants: 3
Full Baths: 1
Half Baths: 2
General Info
Land SqFt: 3125
Subdivision: Main Street
Zoning: Commercial
Legal: LOT 51 BLK 5 TELLURIDE
Est Finished SqFt: 2858
Source SqFt: Assessor
Directions: West Colorado Avenue
Year Built: 1973
View 1: Telluride Ski Resort
View 2: Bear Creek
Financing Info
Assessor's Acct #: 1010001730
Taxes: 45180
Tax Year: 2023
RETT: 3% Telluride RETT
Status Change Info
Status: Active
Utility Info
Phone Lines: Regular Phone
Primary Heat: Elec Base
Property Features
Disclosures: Leased; RETT
Level: Street Level; Upper Level
Construction: Concrete Block; Frame
Substructure: Unfinished
Roof: Tar & Gravel/Memb
Primary Heat: Baseboard; Electric
Gas: None
Electric: Power Company
Open Area Parking: 3 Car +
Special Location: Main Street
Supplements
The end result is that potentially two owners could individually control in a condominium regime the existing building and the newly created lot for construction of a luxury penthouse condominium. For an owner controlling the entire assemblage, cost savings for development are significant with substantial value added.

Listing Office: Telluride Properties Main St.

Listing Agent: TD Smith

Last Updated: February - 28 - 2025

119 W Colorado Avenue, Telluride, CO 81435 - MLS# 43129

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