257 Sherman Street Ridgway, CO 81432
Seeking an investment opportunity in Southwest Colorado? This splendid Rio Grande Building is strategically positioned at the convergence of CO HWY 550 and CO HWY 62, nestled alongside the picturesque Uncompahgre River and adjacent to Rollin Park in downtown Ridgway. The property's current positive cash flow presents an attractive option for investors anticipating future appreciation. Notably, residential real estate in Ridgway experienced a staggering 70% appreciation within two years, while commercial real estate appreciated a fraction of that. Currently leased to four thriving businesses, this property offers versatility for the future. With over 28 parking spaces and potential expansion, the current zoning permits various uses, including office, retail, and dining establishments. Crafted with superior construction and premium materials such as copper gutters and windows, the architecture pays homage to Ridgway's rich history of mining, ranching and railroad heritage. Ridgway, CO, is nestled amidst some of the world's most iconic mountain peaks, including several 14'ers.
- Property TypeCommercial
- NeighborhoodN/A
- CountyOuray
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive
- MLS ID Number811560
- Home Size Source N/A
- Year Built2006
- Lot Size0.51 Acres
- Full BathsN/A
- Partial Baths5
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General Features
- Parking Parking Spaces
- Basement Unfinished
- Number of Stories 111
- Acreage 0.51
- Zoning Commercial
- Property Sub Type Mixed Use
Interior Features
- Cooling Central Air
- Heating Natural GasForced Air
- Furnished? Unfurnished
Exterior Features
- Roof Composition
- Waterfront Property Yes
- Waterfront Features River Access
Community Features
- MLS Area Ridgway