398 West Colorado Avenue, Telluride, CO 81435 (MLS# 32013)


$4,350,000
398 West Colorado Avenue
Telluride, CO 81435
MLS# 32013
Status: Closed



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Property Description
Prime corner location in the heart of the Historic Core, this Colorado Avenue commercial building is fully leased with excellent rental income and includes 11 off-street parking spaces. HARC approved Penthouse plans are included comprising over 6,400 of residential space (with 4 to 10 bedroom floor plan options available) with over 2,000 SF of rooftop decks revealing the surrounding magnificent views. Convenience underscores its location to fine dining, shopping and a short stroll to ski and gondola base facilities. Elevator served from a private 3 car garage with a 4th space for ample storage, the residence possesses two private entrances.

Details
Listing & Location Info
Major Area: 10
Lot #: 1A
Historical Qualifctn: No
Keywords Info
# Of Tenants: 17
Full Baths: 1
Half Baths: 6
General Info
Land SqFt: 5875
Nbr of Acres: 0.13
Total # of Units: 17
Zoning: Commercial
Legal: Lot 1A, Block 2, West Telluride
Est Finished SqFt: 8496
Source SqFt: Owner
Directions: South side of West Colorado Ave.
View 1: Ski Resort, Sunsets
View 2: Telluride Peaks
Subdivision: None
Year Built: 1992
Financing Info
Taxes: 30322
Tax Year: 2014
RETT: 3% Telluride RETT
Assessor's Acct #: 000000111
Utility Info
Phone Lines: Regular Phone
Primary Heat: In-Floor
TV Service: Cable
Disclosures
Covenants: 1
Flood Ins Required: 1
Flood Plain: 1
RETT: 1
Level
Below Grade: 1
Street Level: 1
Upper Level: 1
Construction
Frame: 1
Poured Concrete: 1
Steel: 1
Substructure
Finished Basement: 1
Slab: 1
Exterior Finish
Wood (Painted): 1
Water
City: 1
Roof
Other: 1
Sanitation
Sewer: 1
Primary Heat
Baseboard: 1
Gas: 1
Radiant in Floor: 1
Open Area Parking
3 Car +: 1
Special Location
Close to Gondola: 1
Main Street: 1
Gas
Natural: 1
Electric
Power Company: 1
Common Utilities
DSL: 1
Regular Phone: 1
T-1: 1
Tenant Chg Incl
Electric: 1
Exterior Maintenance: 1
Gas: 1
Insurance: 1
Interior Maintenance: 1
Sewer & Water: 1
Snow Removal: 1
Taxes: 1
Trash: 1
Extra Rooms
Kitchenette: 1
Other: 1
Appliances
Kitchenette: 1
Business Inclusions
Books: 1
Clients List: 1
Fixtures Included: 1
Business Exclusions
Management: 1
Listing Location Info
Current Price: $4,350,000
Sub-Type: 35 Acres and Below
Area: Town of Telluride - 11 (Major Area 10)
Asking Price: 5440000
Street #: 398
Street Name: West Colorado
Street Suffix: Avenue
City/Town: Telluride
County: San Miguel County
State/Province: CO
Postal Code: 81435
Status Change Info
Status: Closed
Under Contract Date: 2015-06-16
Sold Date: 2015-08-31
Sold Price: $4,350,000
Property Features
Disclosures: Covenants; Flood Ins Required; Flood Plain; RETT
Level: Below Grade; Street Level; Upper Level
Construction: Frame; Poured Concrete; Steel
Substructure: Finished Basement; Slab
Exterior Finish: Wood (Painted)
Roof: Other
Primary Heat: Baseboard; Gas; Radiant in Floor
Gas: Natural
Electric: Power Company
Common Utilities: DSL; Regular Phone; T-1
Tenant Chg Incl: Electric; Exterior Maintenance; Gas; Insurance; Interior Maintenance; Sewer & Water; Snow Removal; Taxes; Trash
Extra Rooms: Kitchenette; Other
Open Area Parking: 3 Car +
Appliances: Kitchenette
Special Location: Close to Gondola; Main Street
Business Inclusions: Books; Clients List; Fixtures Included
Business Exclusions: Management

IDX
Listing Office: Telluride Properties Main St.
Listing Agent: TD Smith

Last Updated: January - 24 - 2026

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