238 East Colorado Avenue, Telluride, CO 81435

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)

The third-floor residential condominium is separately owned and not included in the offering.

The property's premier Colorado Avenue frontage is ideally suited for multiple retail storefronts, while the second floor offers the potential for highly functional office suites and some residential conversion, subject to Town of Telluride approvals and zoning requirements. Existing infrastructure, parking allocations, and condominium configurations provide a foundation for thoughtful redevelopment tailored to current

market demand. Combining an irreplaceable Main Street location, established cash flow, strong tenant demand, and multiple value- enhancement opportunities, 238 E. Colorado Avenue represents

a compelling investment in the desirable Telluride area real estate market.

For further details regarding financial information, lease back and redevelopment evaluation please contact listing brokers, NDA required.

Do not disrupt occupants and businesses. All showings must be organized 24-48 hours prior and all showings will be accompanied by one of the listing brokers.

Information deemed reliable but not guaranteed.