257 Sherman Street , Ridgway, CO 81432
Ridgway, CO 81432
Description
Prime Commercial Building - 50% OWNERSHIP OPPORTUNITY. Seize this exceptional investment opportunity. Currently leased to four thriving businesses, this investment opportunity presents an attractive option for investors seeking the potential for significant long-term capital gains while benefiting from a small positive cash flow. Surrounded by breathtaking. iconic 14,000-foot peaks, the distinguished Rio Grande Building is strategically located in Ridgway's thriving commercial heart at the intersection of CO 550 and CO 62, a throughfare between Telluride, Ouray and Montrose, CO. On the river, the property features 28+ parking spaces and provides flexibility for future growth and expansion. It is zoned for diverse commercial usesincluding office, retail, and dining. 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.
Details
| MLS# | 822177 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 31 |
| Listing Provided By | Coldwell Banker Distinctive Properties | Karen McCarthy |
Features
| Bath(s) | 5 Total |
|---|---|
| SQ Feet | 9,995 |
| Story(s) | 1 |
| Units | 5 |
| Acreage | 0.51 |
| Water Front | Yes |
Market Activity 81432
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Learn More About This Property
| State | CO |
|---|---|
| County | Ouray |
| City | Ridgway |
| Zip Code | 81432 |
| Area | Ridgway |
| Listing VS Median (In 81432) | |
Price: $1,100,000 low | high Med: $1,024,500 SqFt: 9,995 low | high Med: 3,335 $ / SqFt: $110 low | high Med: $322 On site: 31 low | high Med: 266.500000 | |