Commercial Sale · Active

119 W Colorado Avenue

Telluride, CO 81435

3 Baths

$4,699,000

Business

Property Type

0.07 acres

Lot Size

1973

Year Built

43129

MLS #

About This Property

A newly conceived commercial offering for retailers, developers, or penthouse end users for a building located in the heart of the 100 block of Colorado Ave., with heavy pedestrian traffic. Although not an approval, a very positive consensus by the HARC board of a schematic proposal was achieved without objection for creating a condominium land subdivision of a lot to the rear of the existing, non-historic structure. The eventual owner would be required to present more refined drawings of a proposed building on the vacant land, and subsequently for approval by HARC along with a replat of the existing underlying lot. The end result is that potentially two owners could individually control in a condominium regime the existing building and the newly created lot for construction of a luxury penthouse condominium. For an owner controlling the entire assemblage, cost savings for development are significant with substantial value added.

649 days on market

Listed by TD Smith & Harold Granberry Tabb III · Telluride Properties Main St. · 970-728-3111

Last updated: 6/16/2026 8:15 AM · Source: Telluride Association of REALTORS®, MLS#: 43129

Property Details

Key Details

Property Type Commercial Sale
Sub Type Business
Status Active
Subdivision Main Street
MLS # 43129
Days on Market 649
Full Baths 1
Half Baths 2

More Details

Year Built 1973
Lot Size (Sq Ft) 3,125
Acres 0.07
Annual Taxes $43,990
Tax Year 2025
State CO
County San Miguel County

Interior

Heating Electric, Baseboard

Building & Lot

Basement Unfinished
Construction Block, Frame
Sewer Septic Tank
New Construction No

Location

Price History

DateEventPrice
6/15/2026 Price change
Source: Telluride Association of REALTORS® #43129
$4,699,000 -3.1%
4/29/2026 Price change
Source: Telluride Association of REALTORS® #43129
$4,850,000 -6.7%
1/5/2026 Listed for sale
Source: Telluride Association of REALTORS® #43129
$5,200,000 +4.1%
7/20/2025 Price change
Source: Telluride Association of REALTORS® #43129
$4,995,000
6/27/2025 Back on market
Source: Telluride Association of REALTORS® #43129
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© Copyright 2026 by Telluride Association of REALTORS, Inc.

Listing information last updated June 16, 2026 at 8:15 AM.

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