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Recently Expired/Withdrawn Properties: 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.

Information Provided By Rocky Mountain Real Estate Brokers

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