121 Colorado AveTelluride, CO 81435

This exceptional 1,088 square foot commercial property, situated on a 0.07-acre lot at 121 W Colorado Avenue in the heart of Telluride, Colorado, presents a unique investment and development opportunity. Currently a non-historic building, it boasts a highly desirable location on the sunny side of Colorado Avenue, known for its high pedestrian traffic. The property's zoning allows for redevelopment, with existing HARC (Historic Architectural Review Commission) approval for a dynamic project. This approved plan includes a ground-floor restaurant, a lower-level speakeasy, a three-bedroom penthouse residence, and a one-bedroom affordable housing unit. The wider sidewalk enhances pedestrian accessibility, further increasing the property's appeal. This central Telluride location offers unparalleled visibility and access to the town's vibrant atmosphere and bustling tourist activity. The asking price is $5,900,000. Detailed disclosures and supporting documents are available upon request. This is a rare chance to acquire a prime commercial property in a world-renowned mountain town, poised for significant return on investment. The approved plans offer a diverse revenue stream, combining commercial and residential uses. Don't miss this once-in-a-generation chance to shape the future of Telluride's commercial landscape.