138 Colorado AveTelluride, CO 81435

This exceptional Telluride commercial property presents a unique investment opportunity. The package includes a prime corner lot on Colorado Avenue, boasting excellent visibility and frontage. The existing structure, a former restaurant and bar within the Good Gargoyle building, offers approximately 597 square feet of usable space. Some restaurant equipment and furniture are included in the sale. Adding significant potential, three contiguous lots totaling approximately 4083 square feet wrap around the existing building, providing ample space for expansion or new construction. These lots offer stunning views of the ski area, Ballard, and Ajax mountains. The property's central location is adjacent to a park, offering convenient access to green space. The versatile nature of this property lends itself to a variety of uses, including a restaurant, office space, or even a condo development. A month-to-month vendor lease is currently in place. The seller is highly motivated, resulting in a significant price reduction. This is a rare chance to acquire a substantial commercial property in the heart of Telluride, ready for immediate development or redevelopment to suit your vision. The property is investor-ready and offers a blank canvas for creating a Telluride dream project.