Blog :: 08-2019

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Teluride Commercial Real Estate Update

 

Here is the Commercial Real Estate update for Telluride, Colorado as of September, 2019

Source: Telluride Real Estate Brokers 

Whole Building Sales: 

The Bell Building, 217 West Colorado, sold 6/1/2018 for $2,995,000 MLS #32563 

The Pederson Building, 398 West Colorado, sold 10/5/2018 for $7,440,000 MLS #35732 

The Bank Building, 109 West Colorado, sold 11/15/2018 for $2,450,000 MLS #35785– TREB Sale 

Plunge Landing Building, 290 S Townsend, sold 2/26/2019 for $5,700,000 MLS #37427 

221 South Oak, sold 7/17/2019 for $3,850,000 MLS #36908 

Commercial Condominium Sales: 

221 East Colorado Ave Wasatch II #J, sold 12/13/2018 for $1,035,000 MLS#35515– TREB Sale 

Art House Corner of Fir and Pacific, sold a second time in 2 years on 1/15/2019 for $980,000 MLS #36750 

217 East Colorado Ave Wasatch II E &F, sold 5/14/2019 for $2,327,500 MLS # 36496 

Pacific House, 124 East Pacific, sold 5/31/2019 for $735,000 MLS #35759 

The Following Office Spaces Sold: 

New San Juan Office suites 204, 220 East Colorado Ave. sold 11/30/2018 for $90,000 MLS #36369– TREB Sale 

Black Bear Unit 202, 101 East Colorado, sold 3/8/2019 for $570,000 MLS# 36861 

Availability in the commercial sector is still very slim and limited. 

Current Whole Structure Commercial Properties Listed Include: 

Fly Fishing Store, 121 West Colorado, Asking price $3,400,000 MLS #37309. This includes a full HARC approved set of redevelopment plans– TREB Listing 

The Dahl Haus, 122 South Oak Street, Asking price $3,000,000 MLS #37105– TREB Listing 

121 North Pine Street Storage/Residential, Asking price $3,000,000 MLS #34234 

115 West Colorado, back to the market at Asking price $4,750,000 MLS # 37459 

Commercial Spaces Listed Include: 

New San Juan Office suites 201 & 202, 220 East Colorado Ave. Asking Price $215,000 MLS #3691– TREB Listing 

214 East Colorado, Asking price $869,000 MLS #36843 

Dakota Space, 220 East Colorado, Asking price $1,725,000 MLS #36984 For Real Estate. Asking price $1,850,000 MLS #36890 For Real Estate and business. 

Under Contract: 

Butcher and Baker Building, 201 East Colorado, Asking price $3,500,000 MLS #37108 

TBD S FIR STREET 2 Fir House Commercial 1, Asking price $1,010,000 MLS #33926 

TBD S FIR STREET 2 Fir House Commercial 2, Asking price $1,425,000 MLS #33928 

Recently Expired/Withdrawn Properties: 

115 West Colorado , Asking price $4,400,000 MLS #35263– This has returned to the market at $4,750,000 MLS # 37459 

373 West Colorado Unit 5, Asking price $999,000 MLS #36611 

A Few Notable Changes in Business Moves and Startups: 

The Last Dollar Saloon and the new National Restaurant behind the Last Dollar are open. 

The Town of Telluride is completing the construction of the building on south Fir and Pacific on what Is locally known as the S.M.P.A. lot. This building contains 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 being finished. 

The Pederson building on Colorado Ave. on the corner of south Aspen is approaching completion. 

The Old Belmont and Shanghai buildings are undergoing a significant restoration and renovation. 

Oxbow Leather has moved to 217 East Colorado Ave. 

The Hotel Ajax site has been sold and new plans are expected soon.