Fortius Commercial Advisors is pleased to present a rare and exceptional investment opportunity in the premier mountain resort market of Telluride, Colorado. Ideally situated in the vibrant historic commercial district, 238 E Colorado Avenue is a mixed-use property featuring ground-level retail and a mix of office and residential space (not included in this offering) on the second and third levels. This offering is for all of the commercial condominiums within the building. Colorado Avenue serves as the heart of Telluride, home to its finest restaurants, bars, boutique shops, and entertainment venues. The location also benefits from year-round events, including the Telluride Food + Wine Festival, Bluegrass Festival, Film Festival, Jazz Festival, and Balloon Festival. The property is just a five-minute walk from Gondola Station Telluride and Chair 8, ensuring convenient access to Mountain Village and Telluride Ski Resort. As part of this offering, the Seller will execute a brand-new seven-year gross lease at closing for approximately 3,282 square feet on the first floor. The lease will commence at a competitive market rate of $66 per square foot. The Seller is rated as Investment Grade (A+) by Fitch Ratings. Notably, this location is one of the few in the southwestern region of Colorado, with the nearest alternatives located 45 minutes away in Norwood or 1 hour and 15 minutes away in Montrose. The building’s first and second floors are partially leased to eight tenants occupying 6,083 square feet, collectively generating $228,875 in annual gross rent. The remaining portions of the property will be delivered partially leased, offering prospective owners the flexibility to utilize the space for their own purposes, lease it to additional office users, or convert it to residential use—a permitted option under Historic Commercial zoning. The third floor of the building is a residential condominium and is not included in this offering. This property represents a unique opportunity to acquire a strategically positioned asset with established income, strong tenant demand, and versatile future potential in one of the nation’s most sought-after mountain destinations.