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257 Sherman Street

Ridgway, CO 81432
  • $2,495,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 811560
$2,495,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 5
    1/2 BATHS
  • 9,100
    SQFT
  • $274
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:
Area:

School Ratings & Info

Listing courtesy of Coldwell Banker Distinctive Properties: 970-728-4454.


Description

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.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-20T23:56:40.407.
www.destinationdro.com/homes/148551783
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257 Sherman Street Ridgway, CO 81432

  • Price: $2,495,000
  • Status: Active
  • On Site: 68 Days
  • MLS #: 811560
0
Beds
0
Baths
5
½ Baths
0.51
Acres
9,100
SQFT
$274
$/SQFT
2006
Built
Neighborhood:
Ridgway
County:
Ouray
Area:
Ridgway
Property Description
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.
Exterior Features

Acreage Range .5-.99 Carport No Lot Dimension .51 Acre Parking 20 + Total Spaces Roof Composition Stories 1 Water Well No Waterfront River/Stream Waterfront YN Yes

Interior Features

Cooling Type Central A/CForced Air Finished Sq Ft 9095 Foundation Basement-Unfinished Heating Fuel Source Natural Gas Heating System Forced Air One Quarter Baths 0 Total Offices 0

Property Features

Books Available No Cam No Covenants NO Current Use Mixed Use Exchange Trade No Fixtures Included No Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use Mixed-Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2024 Total Taxes 44982.24 Type Multi-Use Variable Rate No Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-20T23:56:40.407.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Coldwell Banker Distinctive Properties: 970-728-4454.