185 N Lena Street , Condo "C"

Description

Condo C is a standout office condominium within Ridgway’s revitalized Old Firehouse project—an iconic 1907 structure transformed in 2024 through a comprehensive, architecturally sensitive redevelopment. This 1,145 SF office space blends historic charm with modern commercial performance, creating a rare investment opportunity in the heart of one of Western Colorado’s most desirable mountain communities. The space is currently leased to Alt Space, a well-known coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams throughout the region. Their presence enhances the professionalism and daily activity within the building and reflects the increasing demand for flexible office environments in Ridgway’s thriving town center. The existing lease offers stable income and minimal management oversight, giving investors a turnkey foothold in a growing market. Inside, the unit features a versatile layout suited for a range of professional uses—including open collaborative zones, private meeting areas, and adaptable workspaces. Natural light, modern finishes, and thoughtful design contribute to a polished, comfortable environment for tenants and visitors. As part of the 2024 expansion and rebuild, the space benefits from upgraded electrical, mechanical, insulation, windows, and life-safety systems, providing the reliability and efficiency expected in a contemporary commercial property. Situated along North Lena Street, Condo C enjoys exceptional walkability and visibility. Tenants benefit from immediate access to Ridgway’s restaurants, coffee shops, retail, parks, pathways, and civic amenities. The location also attracts regional traffic from Ouray, Telluride, and Montrose—all communities linked by strong tourism, growing populations, and year-round recreation industries. This steady flow of professionals and visitors supports long-term demand for workspace in Ridgway’s core. The Old Firehouse redevelopment is one of Ridgway’s most significant commercial improvements, seamlessly integrating the building’s original brickwork with new construction, modern architectural lines, and updated structurals. Ownership here offers more than just income—it conveys participation in a legacy project that has elevated the entire district and strengthened Ridgway’s commercial identity. As part of a broader portfolio, as a standalone investment, or as a future owner-occupied space, Condo C is a strategic and attractive acquisition. Its combination of history, modern upgrades, strong tenant profile, and irreplaceable location positions it as a long-term hold with meaningful upside potential. Properties of this caliber are rare in the Ridgway marketplace, particularly those offering turnkey stability within a landmark development. A polished, fully improved, income-producing commercial condominium in one of Ridgway’s most iconic and thoughtfully restored buildings.