121 West Colorado Avenue, Telluride, CO 81435 (MLS# 44976)


$5,900,000
121 West Colorado Avenue
Telluride, CO 81435
MLS# 44976



121 West Colorado Avenue facing West
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121 West Colorado Avenue facing West 121 West Colorado Avenue Streetscape Rendering -- 121 West Colorado Avenue Rendering -- 121 West Colorado Avenue Rendering -- 121 West Colorado Avenue Rendering -- Penthouse Top Floor Rendering -- Commercial & Penthouse Rendering -- Street Level Restaurant Rendering -- Lower Level Speakeasy Rendering -- View to Colorado Avenue Rendering - -Speakeasy 121 West Colorado Avenue facing East 121 West Colorado Avenue facing North 121 West Colorado Avenue facing South

Property Description
Shovel-ready and HARC-approved, this mixed-use development opportunity offers a rare chance to create a signature property in the heart of downtown Telluride. Located on the sunny side of the 100 block of West Colorado Avenue, the 25-foot-wide by 125-foot-deep site sits at the geographic center of Telluride's historic commercial core. Approved plans envision a sleek street-level restaurant, an intimate lower-level speakeasy, and a dynamic multi-level residential penthouse above. The existing non-historic building currently provides rental income and is intended for removal as part of the approved redevelopment. With approvals in place, this is a compelling opportunity to bring a distinctive mixed-use vision to life in one of the most scenic historic ''Main Street'' corridors anywhere.

Details
Keywords Info
Sanitation: Sewer Line Available
Surface Water: None
Access Road: City
Density: 2 to 3
Deed Restrict: Employee Dwelling Unit (EDU)
General Info
Major Area: 10
Subdivision: None
Nbr of Acres: 0.07
Land SqFt: 3125
Zoning: Commercial
Legal: Lot 49, Block 5, Town of Telluride
Directions: On the sunny side of the ''100'' Block of West Colorado Avenue between Fir Street and Pine Street.
View 1: Downtown Telluride
View 2: Ski Area
Financing Info
Assessor's Acct #: R1010001140
Taxes: 49370
Tax Year: 2025
RETT: 3% Telluride RETT
Utility Info
Phone Lines: Regular Phone
Cable TV: To Lot Line
Legal Info
Block: 5
Lot Dimensions
Lot Dimensions: 25' x 125'
Listing Location Info
Current Price: $5,900,000
Sub-Type: Mixed Use
Area: Town of Telluride - 11 (Major Area 10)
Asking Price: 5900000
Street #: 121
Street Name: West Colorado Avenue
City/Town: Telluride
County: San Miguel County
State/Province: CO
Postal Code: 81435
Status Change Info
Status: Active
Property Features
Disclosures: Covenants; RETT
Sewer: Sewer In
Utilities: Electricity; Gas; Public Water
Special Location: Main Street; North of Colorado

IDX
Listing Office: LIV Sotheby's International Realty - Transfer Telluride
Listing Agent: Jason K. Raible

Last Updated: November - 10 - 2026

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