121 W Colorado Avenue, Telluride, CO 81435 (MLS# 42328)


$5,900,000
121 W Colorado Avenue
Telluride, CO 81435
MLS# 42328



121 W Colorado Ave
  1 / 35  
121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave Aerial 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave Virtually Staged 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave 121 W Colorado Ave Rendering of restaurant Rendering of speakeasy Rendering of speakeasy Rendering of speakeasy Rendering of speakeasy Rendering of restaurant Rendering of restaurant Rendering of restaurant Rendering of penthouse Rendering of penthouse

Property Description
This premier, high-traffic development/investment property is located on the sunny side of Colorado Avenue in the absolute heart of Telluride. Formerly the home to Telluride Outside, this non-historic building can be razed and replaced with a 3 year HARC approved dynamic restaurant with lower level speakeasy, 3 bedroom penthouse, plus one bedroom affordable housing unit. With a wider sidewalk for easy pedestrian flow and an unbeatable central location in Telluride, this is a once in a generation opportunity. The current lease provides excellent cash flow before developing the project. See disclosures in Addendum and click on documents.

Details
Documents
Listing & Location Info
Major Area: 10
Lot #: 49
Keywords Info
# Of Tenants: 1
Half Baths: 1
General Info
Land SqFt: 3125
Zoning: Commercial
Legal: LOT 49 BLK 5 TELLURIDE
Est Finished SqFt: 1088
Source SqFt: Assessor
Directions: North side of Colorado Ave between Fir and Pine. Former Telluride Outside location.
View 1: Ajax - future roof
View 2: Ski area
Subdivision: None
Year Built: 1970
Financing Info
Taxes: 40044.61
Tax Year: 2024
RETT: 3% Telluride RETT
Assessor's Acct #: R1010001140
Utility Info
Phone Lines: Regular Phone
Primary Heat: Elec Base
Disclosures
RETT: 1
Other See Addendum: 1
Construction
Concrete Block: 1
Frame: 1
Substructure
Crawl Space: 1
Exterior Finish
Wood (Painted): 1
Water
City: 1
Roof
Other: 1
Sanitation
Sewer: 1
Primary Heat
Baseboard: 1
Open Area Parking
3 Car +: 1
Special Location
Main Street: 1
Gas
Natural: 1
Electric
Power Company: 1
Common Utilities
Regular Phone: 1
Extra Rooms
Bath(s): 1
Listing Location Info
Current Price: $5,900,000
Sub-Type: Commercial Spaces
Area: Town of Telluride - 11 (Major Area 10)
Asking Price: 5900000
Street #: 121
Street Direction Pfx: W
Street Name: Colorado
Street Suffix: Avenue
City/Town: Telluride
County: San Miguel County
State/Province: CO
Postal Code: 81435
Status Change Info
Status: Active
Property Features
Disclosures: RETT; Other See Addendum
Construction: Concrete Block; Frame
Substructure: Crawl Space
Exterior Finish: Wood (Painted)
Roof: Other
Primary Heat: Baseboard
Gas: Natural
Electric: Power Company
Common Utilities: Regular Phone
Extra Rooms: Bath(s)
Open Area Parking: 3 Car +
Special Location: Main Street

IDX
Listing Office: Telluride Properties
Listing Agent: Steve Cieciuch

Last Updated: October - 16 - 2025

The data relating to real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing.