238 E Colorado Avenue, Telluride, CO 81435 (MLS# 44590)


$11,481,000
238 E Colorado Avenue
Telluride, CO 81435
MLS# 44590



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Property Description
Positioned in the heart of Telluride's Historic Commercial District, this irreplaceable asset presents a rare opportunity to acquire and reposition a premier mixed-use property. Featuring substantial square footage and exceptional frontage along both Colorado Avenue and Willow Street, this property offers multiple avenues to add value through strategic redevelopment. The ground floor is ideally suited for multiple retail storefronts, while the second floor presents an opportunity to create highly functional office suites and approximately ±3,200 square feet of residential space, subject to P&Z approvals. Existing infrastructure, parking allocations, and condominium configurations provide a strong foundation for a thoughtfully executed redevelopment tailored to evolving market demand.

Details
Listing & Location Info
Major Area: 10
Currently Not Used
Historical Qualifctn: No
Keywords Info
# Of Tenants: 9
Half Baths: 5
General Info
Land SqFt: 0
Zoning: Historic Commercial
Legal: UNIT A,B,C,D,E,F TELLURIDE FINANCIAL CENTER CONDOMINIUMS LOT 98A TR B BLK 10 TELL CONDOMINIUMS ACC TO PLAT BK 1 PG 2002
Est Finished SqFt: 13717
Source SqFt: Assessor
Directions: Located on the south west corner of Main street (Colorado Ave) and South Willow street. Basement, Ground floor and second floor units.
View 1: Ajax, Box Canyon
View 2: Bear Creek, Main St
Subdivision: Telluride Financial Center Condo
Year Built: 1994
Financing Info
Taxes: 212662
Tax Year: 2025
RETT: 3% Telluride RETT
Assessor's Acct #: R1010094402/R1010094403/R1010094404/R1010094405
Utility Info
Phone Lines: Regular Phone
Primary Heat: Forced Air
TV Service: Cable
Disclosures
Covenants: 1
Leased: 1
RETT: 1
Level
Below Grade: 1
Street Level: 1
Upper Level: 1
Construction
Brick: 1
Frame: 1
Poured Concrete: 1
Steel: 1
Substructure
Finished Basement: 1
Exterior Finish
Stone: 1
Stucco: 1
Wood (Painted): 1
Water
City: 1
Roof
Metal: 1
Other: 1
Sanitation
Sewer: 1
Primary Heat
Forced Air: 1
Covered Parking
7 or More Cars: 1
Special Location
Main Street: 1
Common Utilities
Regular Phone: 1
Listing Location Info
Current Price: $11,481,000
Sub-Type: Commercial Spaces
Area: Town of Telluride - 11 (Major Area 10)
Asking Price: 11481000
Street #: 238
Street Direction Pfx: E
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: Covenants; Leased; RETT
Level: Below Grade; Street Level; Upper Level
Construction: Brick; Frame; Poured Concrete; Steel
Substructure: Finished Basement
Exterior Finish: Stone; Stucco; Wood (Painted)
Roof: Metal; Other
Primary Heat: Forced Air
Common Utilities: Regular Phone
Covered Parking: 7 or More Cars
Special Location: Main Street

IDX
Listing Office: Telluride Real Estate Brokers, Inc.
Listing Agent: Brigitte dePagter Kusuno

Last Updated: June - 12 - 2026

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