257 Sherman Street Ridgway, CO 81432 Price: $1,100,000

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CommentsI would like to schedule tour for the property at 257 Sherman Street Ridgway CO 81432 Ridgway CO (# 43076)

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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.

Property Details of 257 Sherman Street

Property Details

MLS Number: 43076
MLS Status: Active
Type: Business
Property Type: Commercial
Bathroom: 5
Date Listed: 11/21/2024
Disclosures: None
List Price: $1,100,000
Source Sq Ft: Developer

Property

Square Feet: 9,995
Acreage: 0.51
Year Built: 2006
Substructure: Unfinished

Location

Area: Ridgway - 71 (Major Area 70)
Major Area: 70
Special Location: Borders River
Directions: At the convergence of CO HWY 550 and CO HWY 62, turn west on Sherman Street / CO HWY 62. Travel .2 miles. The Rio Grand Building is on the left.
Town: Ridgway
County: Ouray County
State: CO
Zip: 81432

Parking

Covered Parking: 7 or More Cars
Parking: Design Open

Legal

Legal: 50% Ownership of COLBY MINOR SUBDIVISION Lot: 2 S: 16 T: 45 R: 8
Zoning: Commercial

Exterior Features

Exterior Finish: Wood (Natural)

Utilities and Appliances

Electric: Power Company
Gas: Natural
Utility Info Phone Lines: Regular Phone
Utility Info Primary Heat: Gas Base
Water: City

Community

Amenities

HOA Mangment Company Info: None

Other Details

Finance

Taxes: $41,279

Map Location

Driving Directions

Listed by Karen McCarthy of Coldwell Banker Distinctive Properties-Telluride

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