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


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



121 W Colorado Avenue, Telluride, CO 81435
  1 / 35  
121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 Aerial 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 Virtually Staged 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 121 W Colorado Avenue, Telluride, CO 81435 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 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. See disclosures in Addendum and click on documents.

Details
Documents
Listing & Location Info
Current Price: $5,900,000
Sub-Type: Commercial Spaces
Major Area: 10
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
Lot #: 49
Keywords Info
# Of Tenants: 1
Half Baths: 1
General Info
Land SqFt: 3125
Subdivision: None
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.
Year Built: 1970
View 1: Ajax - future roof
View 2: Ski area
Financing Info
BBC Comm: 3
BBC Comm Type: %
Assessor's Acct #: R1010001140
RETT: 3% Telluride RETT
Status Change Info
Status: Active
Utility Info
Phone Lines: Regular Phone
Primary Heat: Elec Base
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

Listing Office: Telluride Properties

Listing Agent: Steve Cieciuch

Last Updated: March - 06 - 2024

121 W Colorado Avenue, Telluride, CO 81435 - MLS# 42328
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.