Positioned in the heart of Telluride's Historic Commercial District, this irreplaceable asset presents a rare opportunity to acquire and reposition a premier mixed-use property. Featuring substantial square footage and exceptional frontage along both Colorado Avenue and Willow Street, this property offers multiple avenues to add value through strategic redevelopment. The ground floor is ideally suited for multiple retail storefronts, while the second floor presents an opportunity to create highly functional office suites and approximately ±3,200 square feet of residential space, subject to P&Z approvals. Existing infrastructure, parking allocations, and condominium configurations provide a strong foundation for a thoughtfully executed redevelopment tailored to evolving market demand.

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Basic Information

Parcel Number R1010094402/R1010094403/R1010094404/R1010094405
Unit NumberA, B, C, D, E, F

Location

Address238 E Colorado Avenue
AreaTown of Telluride - 11 (Major Area 10)
Building Number238
CountySan Miguel County
Mls Area Minor Town of Telluride - 11 (Major Area 10)
StateCO
StreetE Colorado Avenue
SubdivisionTelluride Financial Center Condo
TownTelluride
Zip81435

Legal

ZoningHistoric Commercial

Tax Information

Taxes$212,662

Basic Information

List Price$11,481,000
MLS Number44590
Mls Status Active
Modification Date06/12/2026
Property SubTypeCommercial Spaces
Property TypeCommercial/Industry
StatusACT

Utilities

Common Utilities Regular Phone
Heat SystemForced Air
Heating YN Yes

Water Body

Water AccessCity

Rooms

Bathroom5
Bathrooms Total Decimal 2.5
Half Baths5

Building

BasementFinished
Building Construction
- Brick
- Concrete
- Frame
- Steel Siding
- Stone
- Stucco
- Wood (Painted)
Year Built1994

Exterior

RoofMetal, Other

Property Information

Square Feet13,717

Amenities

Other AmenitiesBasement

Other

Date Listed06/12/2026
Major Change Type New Listing
Special Listing Conditions RETT, Leased, Covenants
View Count84

"Based on information submitted to Telluride AOR as of September 11, 2026 7:48 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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238 E Colorado Avenue, Unit A,B,C,D,E,FTelluride, CO 81435MLS Number 44590

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238 E Colorado Avenue, Unit A,B,C,D,E,FTelluride, CO 81435MLS Number 44590

$/month over payments

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Ask A Question

More Info

Basic Information

Location

Legal

Tax Information

Basic Information

Utilities

Water Body

Rooms

Building

Exterior

Property Information

Amenities

Other

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