Blog :: 05-2018

Welcome to Telluride Real Estate News. Here you will find relevant and timely real estate news including market highlights, tips and resources, issues affecting property values and Telluride's incredible alpine lifestyle. My objective is to give you the news you can use...today. Search by category or by keyword for the news you are looking for.  

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Town of Telluride Commercial Real Estate Market Report

Whole Building Sales:

  • The Strong House, 283 South Fir, sold for $2,600 MLS #33887
  • The Belmont Building, 124 East Colorado, sold for $2,200,000 MLS #32628
  • The Yarn Store, 320 W. Colorado, Sold for $1,400,000 MLS# 33705 Commercial Condominium sales:
  • Art House Corner of Fir and Pacific, sold for $835,000 MLS #33923
  • Eye care store, 395 East Colorado, sold for $550,000 MLS #34373
  • Pack it Ship it, Old Watch Space 125 West Pacific, sold for $479,000 MLS #32379
  • There Restaurant space, 627 West Pacific, sold for $570,000 MLS #34610
  • 110 South Pine, Sold for $550,000 MLS #35490

The following office spaces sold:

  • John Steel’s office, 126 West Colorado Ave, sold for $425,000 MLS #34855
  • New San Juan Office suites 211 & 212, 220 East Colorado Ave. sold for $265,000 MLS #34260 Vacant Land
  • 219 West Pacific, sold for $880,000 MLS #35504

Availability in the commercial sector is very slim and limited. Current whole structure commercial properties listed include:

  • Old Bank Building 109 West Colorado, latest asking $2,790,000 MLS #35785
  • 115 West Colorado, Asking price $4,400,000 MLS #35263
  • 121 North Pine Storage/Residential, Asking price $3,000,000 MLS #34234
  • 398 W Colorado, Pederson Building, Asking price $7,000,000 MLS# 35732 Commercial Spaces listed:
  • Fir House Commercial 2, Asking price $1,425,000 MLS #33928
  • Fir House Commercial 1, Asking price $1,010,000 MLS #33926
  • 547 ½ West Pacific, Vet Clinic, Asking price $939,000 MLS#35586
  • 124 East Pacific, Old Security Title, Asking price $350,000 MLS#35759 TREB Bulletin Under contract
  • Bell Building, 217 West Colorado, Asking price $3,250,000 MLS #32563 Recently Expired/Withdrawn properties:
  • 215 East Colorado, Hell Bent Leather, Asking price $995,000 MLS #34908 Business Opportunity
  • Baked in Telluride, Asking price $695,000 MLS # 35948

A few notable changes in business moves and startups:

  • The Last Dollar Saloon is undergoing a major renovation to be opened soon, there will be a roof top bar expected to open in August. The National Restaurant behind the Last Dollar is planned to open for the Winter Season. 
  • Taco Del Gnar opened up at 123 South Oak
  • SMART transit service is moving into the commercial space in the Spruce Street House on the corner of Spruce and Pacific.
  • The Town of Telluride is moving forward with the construction of the building on south Fir and Pacific on what is locally known as the S.M.P.A. lot. This building will contain underground parking, The Ah- Haa School for the Arts and Affordable Housing.
  • The Merriweather four corners project is moving along, one building on the corner of Fir and Pacific is complete. The Transfer warehouse received a facelift and has been conveyed to Telluride Arts, and the main building to the south of the Transfer warehouse is framed and being finished.
  • Of the two buildings south of the Library on Pine, one of these buildings is finished and the other is nearly complete. I am not aware of who will occupy the commercial spaces in these buildings.
  • The Pederson building on Colorado Ave. on the corner of south Aspen is undergoing an extensive remodel and expansion.
  • Down to Earth was sold to Lauren Reed and the business was moved to South Oak underneath the Visitors center.
  • The old Belmont Building is now occupied by Crossbow Leather shop.
  • The Senate Building on South Spruce has been completed.
  • The old Wagner Gallery on 120 North Fir is totally being remodeled into residential units.
  • The Wizard moved to the Old Yarn store at 320 West Colorado.
  • No news regarding the state of the Hotel Ajax.

Information provided by Rocky Mountain Commercial Brokers

Telluride Mountainfilm Festival

The Telluride Mountainfilm festival is back for it's 40th year. Hosted every Memorial Day weekend the festival represents the kick-off to the summer season for both locals and visitors alike. Mountainfilm's mission is to use the power of film documentaries and art to inspire people to create a better world. 

This sold-out festival features extreme athletes and environmental activists as they climb, ski, trek and pursue amazing causes in the name of mountain culture. Mountainfilm features a large footprint of theaters and attractions in both Telluride and Mountain Village. 

My favorite way to Mountainfilm are the free outdoor movies in Town Park after dark under the stars surrounded by 14,000 foot peaks and majestic waterfalls. Telluride Mountainfilm is truly unique among the festivals in Telluride and often times is the locals' favorite. 

Please contact me for inside festival information. For more information Click Here

Photo Credit: Melissa Plantz

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Telluride High School Ranked One of Colorado's Best by US News

The Telluride High School (THS) is ranked #9 out of 420 high schools in Colorado. The ranking is based on state-wide standardized test scores and college prep capability. THS has a total student enrollment of 244 students attending 9th through 12th grades. The teacher-student ratio is 13:1. Over 77% of students participate in Advance Placement courses which prepare students for college and are accepted as college credit by many leading institutions. 

Many of my real estate clients have the ability to work remotely and have relocated to Telluride because of the amazing quality of secondary education to offer their children. The environment is safe and supportive; it's cool to be smart at THS. 

Tax payers in the District approved a $25 Million dollar upgrade to the facility completed in 2016. Congratulations to the students, staff and educators on this distinguished award. 

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