109 W Colorado Ave
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109 W Colorado Ave
1,778 SF 100% Leased Retail Building Telluride, CO 81435 $6,680,556 CAD ($3,757 CAD/SF)
Investment Highlights
- Prime Colorado Avenue Location
- Great rental property
- Redevelopment Opportunity
Executive Summary
The Historic Bank of Telluride Building, on Telluride's Main Street has both historic significance and re-development opportunity. The Bank of Telluride opened its doors in this new building February 22, 1920 and operated at this location until its failure in September of 1929 when bank president C.D. Waggoner executed an elaborate scheme to defraud New York Banks out of a half million dollars to pay the banks local debts and reimburse depositors. Today this gem has tremendous re-development opportunity including restoring the commercial, adding residential, parking, and storage. The front 42' of the building has an Architectural Facade and Preservation Easement with the Town of Telluride. FULL HARC approved plans for redevelopment. Call us Today for more information or a tour.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$66,794
|
$37.57
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$66,794
|
$37.57
|
Financial Summary (Actual - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $66,794 |
| Annual Per SF | $37.57 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,794 |
| Annual Per SF | $37.57 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,778 SF
Building Class
B
Year Built
1920
Price
$6,680,556 CAD
Price Per SF
$3,757 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.58
Lot Size
0.07 AC
Zoning
Historic Commercial
Frontage
25 ft on Colorado Ave.
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 101-0003590 | Total Assessment | $1,364,279 CAD |
| Land Assessment | $1,072,922 CAD | Annual Taxes | $66,794 CAD ($37.57 CAD/SF) |
| Improvements Assessment | $291,357 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
101-0003590
Land Assessment
$1,072,922 CAD
Improvements Assessment
$291,357 CAD
Total Assessment
$1,364,279 CAD
Annual Taxes
$66,794 CAD ($37.57 CAD/SF)
Tax Year
2023
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109 W Colorado Ave
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