Home of The Fine Arts Restaurant in the late 70's, 453 W Pacific is now Telluride's best redevelopment opportunity. This 1,880 sf Home with a 252 sf Alley House all built on a lot and a half (4219 sf) is ideally located on Pacific Ave between Aspen and Townsend streets just a block and a half from the Gondola and historic downtown Telluride with great views of the ski area. In the Accommodations 1 zone district allowing for one- and two-family dwelling units, multi family or condominiums. It is out of the flood plain allowing for full basement. Property is currently configured as 3 long term rental units. (Please click on More for continued description) Call for a tour today!
The main floor lower-level apartment is 1010 sf with 3 bedrooms 2 baths and a freestanding fireplace in the living room. The 2nd floor upper-level apartment is 870 sf with 2 bedrooms and 1 bath and shares downstairs washer/dryer located in the common entry area. The Alley House is a studio with full bath. Two off street parking spaces are accessed off the alley and storage shed on site for gear. Help with the local housing crunch, bringing in some income (scheduled rent of $6,000/mo.) while you design the property of your dreams.
Main Level 1010 sq ft, 3 bedroom 2 bath with freestanding gas fireplace in living room, basement/mechanical area 150 sq ft (not included in sq ft calculations) with masonry walls and concrete floor (6'2" height), south facing wood deck 150 sq ft, separate forced air furnace and 40 gal gas water heaters.Upper Level 870 sq ft, 2 bedroom 1 full bath separate forced air furnace and 40 gal gas water heater (upstairs and studio on same electric meter but have separate electric distribution panels).Alley House (studio/shed) 252 sq , storage shed 80 sq ft, studio is all electric (baseboard heat and 20 gal electric water heater).
Main house has fifteen-year-old propanel roof with full bituthane ice and water shield underlayment. Studio has rolled asphalt roof with full bituthane underlayment. Washer and dryer in rear common entry area to main house. Two gas meters and two electric meters, complete prep and paint of all structures completed Aug 2022. Total 4 bathrooms, 6 bedrooms counting studio(Alley House).