Commercial Real Estate Updates
Commercial Properties in the Town of Telluride
The commercial property market segment in Telluride has seen serious activity and momentum.
The significant 2013 commercial sales were:
- Mahr Building, 131 West Colorado Avenue: Sold Price $2,440,000 MLS # 29436
- Dahl Haus, 122 South Oak Street: Sold Price $1,250,000 MLS # 26449
- Senate/Wick Building, 125 South Spruce Street: Sold Price $2,050,000 MLS # 29887
- Telluride Times Building, 224 East Colorado Avenue: Sold Price $2,200,000 MLS # 28408
- Fly Me to the Moon Saloon, 132 East Colorado Avenue: Sold Price $600,000 MLS #29379
- And of course the sale of the Zoline property (The four corners parcel, the intersection of Pacific and Fir); Not in MLS
Year to date 2014 sales are:
- The Music Store, 201 East Colorado Avenue: Sold Price $2,200,000 MLS #31132
- Montana Placer, 210 South Oak Street: Sold Price $2,495,000 MLS #28538
- Shanghai Building, 126 East Colorado Avenue: Sold Price $1,800,000 MLS #30015
- Lots 9 & 11 corner of Pacific/Spruce: Sold Price $2,275,000 MLS #30872
- Smuggler Units 225 South Pine: Sold Price $1,650,000 MLS #30052
- Telluride Times Building, 224 East Colorado Avenue: Sold Price $2,598,000 MLS #30505
- The half block near the post office. Sold Price $5,800,000 Not in MLS
This leaves only a few whole structure commercial properties listed:
- The Steaming Bean, 221 West Colorado Avenue: List Price $2,495,000 MLS #29845
- This property is fully entitled with a penthouse residential unit in the back.
- The Yarn Shop, 320 West Colorado Avenue: List Price $1,890,000 MLS # 30009
- Blue Point Restaurant, 123 South Oak: List Price $3,450,000 MLS # 28129
- The Old Wagner gallery, 120 North Fir: List Price $1,750,000 MLS # 30131
- The Studio Frank Building, 290 S. Townsend: List Price $4,375,000 MLS # 29582
- The Old Bank Building, 109 West Colorado: List Price $2,350,000 MLS # 31277
- That is all for free standing commercial structures listed.
Smaller commercial and office spaces also have seen a lot of activity. With a series of sales in the New San Juan Building, Heritage Building and Elks Building.
Good examples for current listings are:
- The Arroyo Space (2 units), 220 East Colorado: List Price $798,811 MLS # 30330
- The Hot Yoga Space, 220 East Colorado: List Price $326,346 MLS # 30183
Again very few properties are available.
I hope this commercial overview helps. Feel free to contact me with any questions about commercial property.