For Sale
$9,500,000

232 Colorado AveTelluride, CO 81435

Mountain Views, Prime Location, Approved Plans

Overview

Added:
Feb 3
Days on market:
63
This exceptional 5,810 square foot commercial property at 232 W Colorado Avenue in Telluride, Colorado, presents a unique redevelopment opportunity. Situated on a 0.07-acre lot, the property boasts approved Tommy Hein architectural plans and a building permit, significantly streamlining the development process. The approved plans include a stunning penthouse residence featuring approximately 360-degree panoramic mountain views. This penthouse is designed for luxurious living with three bedrooms, three and a half bathrooms, a rooftop dining area, a hot tub, a bar, and expansive outdoor living spaces perfect for entertaining. In addition to the residential component, the commercial space offers a significant income stream with ten offices, three bathrooms, and a conference room. The commercial space currently benefits from an excellent, existing full-time tenant. Architectural drawings are available upon request, providing a comprehensive understanding of the approved design and specifications. Priced at $9,500,000, this property represents a rare chance to acquire a high-value asset in a desirable location with significant upside potential. The combination of residential and commercial space offers a unique investment opportunity in the heart of Telluride. Don't miss this chance to own a piece of Telluride's vibrant landscape.

Property Details for 232 Colorado Ave

Property type
Square Feet
5,810 SF
Year Built
1973
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Telluride
County
San Miguel County
State
Colorado
Latitude
37.93734
Longitude
-107.8127
232 Colorado Ave, Telluride, Colorado

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232 Colorado Ave
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