This premier, high-traffic development/investment property is located on the sunny side of Colorado Avenue in the absolute heart of Telluride. Formerly the home to Telluride Outside, this non-historic building can be razed and replaced with a 3 year HARC approved dynamic restaurant with lower level speakeasy, 3 bedroom penthouse, plus one bedroom affordable housing unit. With a wider sidewalk for easy pedestrian flow and an unbeatable central location in Telluride, this is a once in a generation opportunity. The current lease provides excellent cash flow before developing the project. See disclosures in Addendum and click on documents.
Listed by Steve Cieciuch of Telluride Properties
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More Info
Parking
Open Area Parking3 Car +
Parking4 Car
Building
Building ConstructionConcrete Block, Frame
Extra RoomsBath(s)
Half Baths1
SubstructureCrawl Space
Year Built1970
Property
Lot49
Property View DescriptionAjax - future roof, Ski area
Property Information
Land Sq Ft3125
Other
Expire Date10/16/2026
View Count363
Basic Information
Bathroom1
Date Listed03/06/2024
DisclosuresOther See Addendum, RETT
List Price$5,900,000
MLS Number42328
Property TypeCommercial
Source Sq FtAssessor
Square Feet1,088
StatusACT
Tax Year2024
Taxes$40,044
TypeCommercial Spaces
Legal
LegalLOT 49 BLK 5 TELLURIDE
PossessionUpon Closing
ZoningCommercial
Location
AreaTown of Telluride - 11 (Major Area 10)
CountySan Miguel County
DirectionsNorth side of Colorado Ave between Fir and Pine. Former Telluride Outside location.
