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238 E Colorado Ave - Telluride Financial Center 13,717 SF Office/Retail Condo Unit Offered at $16,233,560 CAD in Telluride, CO 81435
Investment Highlights
- Prime Colorado Avenue Main Street frontage
- Strong long-term demand in a world-class resort destination
- Office and potential residential conversion opportunities (subject to approvals)
- Walking distance to the Telluride Gondola and ski access,near restaurants, galleries, and festival venues
- Multiple retail storefront opportunities
- Limited commercial inventory in Telluride
Executive Summary
MAIN STREET LOCATION IN THE HEART OF TELLURIDE Located within Telluride's Historic Commercial District, 238 East Colorado Avenue presents a rare opportunity to acquire and reposition a substantial mixed-use commercial asset. The property offers significant square footage, premier Colorado Avenue and Willow Street frontage and multiple options for value enhancement through strategic redevelopment and repositioning in one of Colorado's most sought-after mountain resort communities. STRONG TENANT DEMAND This property presents a rare opportunity to acquire an asset with proven income generation, strong tenant demand, and exceptional flexibility for future value creation. SELLER LEASE BACK Subject to seller lease back of approximately 2,700 SQ FT at a competitive market rate. REDEVELOPMENT POTENTIAL The offering includes all commercial condominium units within the building, encompassing the ground-floor retail spaces, patio area, basement commercial space, and the entire second floor. The property's configuration creates compelling opportunities for: • Enhanced retail storefronts along Colorado Avenue • Modern office suite redevelopment • Mixed-use repositioning • Residential conversion of portions of the second floor (subject to Town approvals and zoning requirements) For further details regarding financial information, lease back and redevelopment evaluation please contact listing brokers, NDA required.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange, Sale Leaseback, Bulk/Portfolio Sale, Redevelopment Project |
| No. Parking Spaces | 18 | APN/Parcel ID | R1010094402/R1010094403/R1010094404 etc |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 18 |
| Sale Conditions | 1031 Exchange, Sale Leaseback, Bulk/Portfolio Sale, Redevelopment Project |
| APN/Parcel ID | R1010094402/R1010094403/R1010094404 etc |
Commercial SF (excluding outdoor back patio): 13,717
Commercial SF (including outdoor back patio, Unit C): 16,125
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A-F | 13,717 SF | Office/Retail | $16,233,560 CAD ($1,183.46 CAD/SF) | - |
Unit A-F
| Unit Size |
| 13,717 SF |
| Condo Use |
| Office/Retail |
| Price |
| $16,233,560 CAD ($1,183.46 CAD/SF) |
| NOI |
| - |
Unit A-F
| Unit Size | 13,717 SF |
| Condo Use | Office/Retail |
| Price | $16,233,560 CAD ($1,183.46 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 18 |
| Sale Conditions | 1031 Exchange, Sale Leaseback, Bulk/Portfolio Sale, Redevelopment Project |
| APN/Parcel ID | R1010094402/R1010094403/R1010094404 etc |
| Description | |
| 6 condominium units A,B,C,D,E,F located at 238 E Colorado Ave. <br> Commercial SF (excluding outdoor back patio): 13,717<br> Commercial SF (including outdoor back patio, Unit C): 16,125</li></ul> | |
| Sale Notes | |
| 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.</li></ul> |
Property Facts
| Total Building Size | 13,718 SF | Typical Floor Size | 6,859 SF |
| Property Type | Year Built | 1994 | |
| Building Class | B | Parking Ratio | 1.31/1,000 SF |
| Floors | 2 | ||
| Zoning | Historic Commercial - Historic Commercial | ||
| Total Building Size | 13,718 SF |
| Property Type | |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 6,859 SF |
| Year Built | 1994 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | Historic Commercial - Historic Commercial |
Amenities
- Banking
- Security System
- Storage Space
- Outdoor Seating
- Air Conditioning
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238 E Colorado Ave - Telluride Financial Center
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