109 Colorado AveTelluride, CO 81435

Property Details for 109 Colorado Ave

Year built

1920

Lot size

0.07 AC

Property size (Sq ft)

1,778 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

1010003590

APU

1010003590

Description

This iconic 1,778 square foot commercial building, located at 109 W Colorado Avenue in Telluride, Colorado, presents a unique investment opportunity. Originally opened in 1920 as the Bank of Telluride, this historic structure boasts a rich and intriguing past. The property sits on a 0.07-acre lot and offers significant redevelopment potential. Detailed, HARC-approved plans are already in place, allowing for a seamless transition into a revitalized space. The approved plans encompass a mix of commercial and residential units, along with valuable parking and storage areas. The building's prominent 42-foot frontage on Main Street is subject to a Preservation Easement with the Town of Telluride, ensuring the preservation of its historical character. This is a rare chance to acquire a piece of Telluride's history and transform it into a thriving modern space. The asking price for this exceptional property is $4,298,000. The approved plans provide a clear path to realizing the full potential of this remarkable building, making it an attractive investment for discerning buyers seeking a blend of history, location, and future development. Detailed plans and specifications are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $326,753

  6.5%

  $301,618

  7%

  $280,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,833

  Geo Method

  $146,898

• Alternative Use

  Use

  Valuation

  Residential

  $374,006

  Hospitality

  $342,588

  Educational

  $285,029

  Medical

  $294,832

  Retail

  $443,378

Location Insight

City

Telluride

County

San Miguel

State

Colorado

Latitude

37.9375

Longitude

-107.811

Property Tax & Assessments

FAQs

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