Commercial Mixed Use
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28/28Seeking an investSeeking 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 e
Property Location
Destinations & Driving Time
| Destination | Distance | Driving Time |
| Downtown Telluride: | ||
| Telluride Post Office: | ||
| Free Gondola: | ||
| Wilkinson Public Library: | ||
| Town Park: | ||
| Clarks Market: | ||
| Village Market: | ||
| Bear Creek Trailhead: |
| Listing ID: | 42354 |
| Type: | Mixed Use |
| List Price: | $2,495,000 Mortgage Estimate |
| Status: | Active |
| Bathrooms: | 0 Full 5 Half Baths |
| Living Area: | 9,095 SqFt. Source: Developer |
| Year Built: | 2006 |
| City/Town: | Ridgway Borders River,Main Street |
| Location: | Area: Ridgway - 71 (Major Area 70) |
| Address: | 257 Sherman Street, Ridgway 81432 Borders River,Main Street |
| Heating: | Gas Base Primary Heat: |
| Water Source: | City |
| Exterior: | Log, Stone, Wood (Natural) Construction: Frame Roof: Asphalt Shingles |
| Hoa Dues: | 0.00/ |
| Transfer Tax: | None |
| Property Tax: | $44,982 Paid in: 2024 |
| Legal: | COLBY MINOR SUBDIVISION Lot: 2 S: 16 T: 45 R: 8 |
Listing Office/Agent: Coldwell Banker Distinctive Properties-Telluride/Karen McCarthy