631 Sherman Street

Description

Investors, multi-family developers, and artists"this is your chance to own a versatile property in the heart of Ridgway, Colorado! Located in the Historic Business Zone, this property offers some of the most flexible zoning regulations in Western Colorado. Don't be misled by the term "Historic""there are no architectural restrictions or requirements to preserve old structures. Instead, this zone provides expansive opportunities for mixed-use development, including commercial, residential, multi-family housing, retail, restaurants, and more. Key Features: Mixed-use zoning: Build residential units, art studios, galleries, restaurants, retail spaces, or professional offices all under one roof. 2315 sq. ft. single-level building: Currently divided into two separate spaces"a fabric arts gallery and workshop on the west end and an office supply store on the east end. 35-foot maximum building height: Ideal for expanding upward"imagine adding additional floors for stunning mountain views and increased revenue potential. Minimal setbacks: Take full advantage of the lots footprint to maximize building space. Ample parking: Located on the north side of the lot, providing convenience for tenants, customers, or gallery visitors. This property, built in 1993, offers the chance to completely reimagine the space. Whether youre looking to create multi-family units, a thriving art gallery, or a combination of residential and commercial spaces, this property is ready for your vision. With high visibility and foot traffic in Ridgway's core, it's perfect for retail or dining establishments that cater to locals and tourists alike. For investors, the opportunity to expand is significant"an additional building lot on the west side (available separately) provides the possibility for more structures and parking, allowing you to scale your investment. The creative potential for this property is limitless, from artisan studios to boutique hotels, or a mix of residential lofts and commercial spaces. Unlock the potential of Ridgways most desirable location. This Ouray County gem is a blank canvas for your next profitable venture. Dont miss out on this unique opportunity in this fast-growing Colorado mountain town.