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257 Sherman Street

Ridgway, CO 81432
  • $1,100,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 819489
UPDATED: 37 min ago
$1,100,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 5
    1/2 BATHS
  • 9,995
    SQFT
  • $110
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:
Area:

School Ratings & Info

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


Description

THIS IS A 50% OWNERSHIP OPPORTUNITY. THE ENTIRE BUILDING IS ALSO FOR SALE FOR $2,395,000"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 of mining, ranching and railroad heritage. Ridgway, CO, is nestled amidst some of the world's most iconic 14,000 mountain peaks.

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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: 2024-12-13T09:56:36.307.
www.destinationdro.com/homes/158069901
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257 Sherman Street Ridgway, CO 81432

  • Price: $1,100,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 37 min ago
  • MLS #: 819489
0
Beds
0
Baths
5
½ Baths
0.51
Acres
9,995
SQFT
$110
$/SQFT
2006
Built
Neighborhood:
Ridgway
County:
Ouray
Area:
Ridgway
Property Description
THIS IS A 50% OWNERSHIP OPPORTUNITY. THE ENTIRE BUILDING IS ALSO FOR SALE FOR $2,395,000"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 of mining, ranching and railroad heritage. Ridgway, CO, is nestled amidst some of the world's most iconic 14,000 mountain peaks.
Exterior Features

Carport No Lot Dimension .51 acre Stories 1 Water Well No Waterfront River/Stream Waterfront YN Yes

Interior Features

Finished Sq Ft 9995 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 Bar/LoungeConvenience StoreGeneral OfficeMixed-UseOffice WarehouseProfessional/MedicalRestaurantRetail StorefrontShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2024 Total Taxes 44982.24 Type Multi-Use Water Rights No

[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: 2024-12-13T09:56:36.307.
 
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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.