$1,100,000
( )
 $5,905 est/mo Sourced by Back At You

257 Sherman Street , Ridgway, CO 81432

Ridgway, CO 81432

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Description

THIS IS A 50% OWNERSHIP OPPORTUNITY. THE ENTIRE BUILDING IS ALSO FOR SALE FOR $2,395,000a"SEE MLS#:81156. This is an investment opportunity in Southwest Colorado.This splendid Rio Grande Building is strategically positioned at the convergence of CO 550 and CO 62, nestled alongside the river. Currently leased to four thriving businesses, this property's positive cash flow presents an attractive option for investors anticipating future appreciation for long-term capital gains. With over 28 parking spaces and potential expansion opportunities, the current zoning permits various uses, including 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.

Details

MLS#43076
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year2006
Days On Site81
Listing Provided ByColdwell Banker Distinctive Properties-Telluride | Karen McCarthy

Features

Bath(s) 5 Total
ZoningCommercial
Property View,

Market Activity 81432

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Listings Checked: 56 seconds ago
StateCO
CountyOuray County
CityRidgway
Zip Code81432
Area70
Listing VS Median (in 81432)
Price:
$1,100,000
low | high
Med:
$1,362,500
26.136409090909% of Average
On Site:
81
low | high
Med:
860.500000
9.413131900058% of Average
Sourced by Back At You
Listing Updated: February 6, 2025 at 10:09:52 AM PST
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