224 E Colorado, Telluride, CO 81435 (MLS# 30505)

$2,598,000
224 E Colorado
Telluride, CO 81435
MLS# 30505
Status: Closed

wide front
  1 / 19  
wide front winter main st front main outline back UNIT A upstairs 224 map 224 aerial gallery looking south east gallery space expansion here! view looking south/ bear ccreek 224 window times clock looking west times clock view north unit a pantry LV 2 unit a unit a kit 2 west side gallery

Property Description
The Telluride Times building, was recently remodeled and updated w/ into two sophisticated penthouses, along with its prime, ground-level Main Street commercial space( 2 spaces). This building can be ''subdivided'' into 3-5 condos(much of the work has been completed already, but responsibility will be on new buyer) The building is on a large 4,730 sq ft lot, and has 4,992 finished sq ft. Recent other sales have been over $700 a foot for older/un-renovated Commercial, this building has been remodeled. This is now priced at just under $560 a foot. ** the building can be expanded as well as built out into the roof/3rd floor, for more views and parking.

Details
Documents
Listing & Location Info
Major Area: 10
Keywords Info
# Of Tenants: 0
Full Baths: 5
Half Baths: 1
General Info
Total # of Units: 1
Zoning: Residential/Commercial
Legal: TBD Penthouse south A of TR A ACC replat of 90-92 Telluride Times building
Est Finished SqFt: 4995
Source SqFt: Assessor
Year Remodeled: 2013
Directions: Main st EAST... then on the South side of the street! The Times Building.
View 1: North Redrock/main
View 2: South Bear Creek
Subdivision: None
Year Built: 1979
Financing Info
RETT: 3% Telluride RETT
Lease Info 2: vacant
Assessor's Acct #: r1010000780
Utility Info
Phone Lines: DSL
Primary Heat: Combination
Disclosures
Covenants: 1
RETT: 1
Special Location
Main Street: 1
Listing Location Info
Current Price: $2,598,000
Sub-Type: Commercial Spaces
Area: Town of Telluride - 11 (Major Area 10)
Asking Price: 2795000
Street #: 224
Street Direction Pfx: E
Street Name: Colorado
City/Town: Telluride
County: San Miguel County
State/Province: CO
Postal Code: 81435
Status Change Info
Status: Closed
Under Contract Date: 2014-03-19
Sold Date: 2014-04-30
Sold Price: $2,598,000
Property Features
Disclosures: Covenants; RETT
Special Location: Main Street
Supplements
There are 3 suites downstairs (total of 1,900+ feet )+600+ of common HOA space downstairs and stairs. Unit A is upstairs, it faces South(bear creek) it is 1,253 sq feet Unit B is upstiars it faces main st and is 995 feet. **My seller is the owner free and clear with no debt! This was listed last year( 12 months ago for $3,182,000) No tenants in place( leases have expired) ***An additional 1,000 feet of footprint can be added to the back( it can be detached) that equals about 2,000+4,000 of more sq. footage with 3-4 floors.(build it at $350 a foot and sell it at $850 a foot for $1,500,000 profit!!!)(depending on subdivision/employee housing etc) 2,000 feet can be added with very little effort, beyond that, the town will have subdivision requirments
IDX
Listing Office: Telluride Realty
Listing Agent: Scott Elkins

Last Updated: January - 24 - 2026

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.

Search powered by FBS Products