257 Sherman Street , Ridgway, CO 81432
Ridgway, CO 81432
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.
Details
| MLS# | 811560 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 216 |
| Listing Provided By | Coldwell Banker Distinctive Properties | Karen McCarthy |
Features
| Bath(s) | 5 Total |
|---|---|
| SQ Feet | 9,095 |
| Basement | Y |
| Story(s) | 1 |
| Units | 5 |
| Zoning | Commercial |
| Acreage | 0.51 |
| Water Front | Yes |
Market Activity 81432
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| State | CO |
|---|---|
| County | Ouray |
| City | Ridgway |
| Zip Code | 81432 |
| Area | Ridgway |
| Listing VS Median (in 81432) | |
Price: $2,495,000 low | high Med: $996,750 SqFt: 9,095 low | high Med: 2,032 $ / SqFt: $274 low | high Med: $604 On Site: 216 low | high Med: 97.000000 | |