$2,495,000
0.51± Acres
Active
Ouray County, CO

257 Sherman, Ridgway, Colorado

MLS ID: 811560
Status: Active
Price: $2,495,000
Acres: 0.51±
Type: Development, Commercial
Address: 257 Sherman
City, State: Ridgway, CO
County: Ouray County
ZIP Code: 81432
Parcel Number: 430516322002
Listed by: Karen Mccarthy of Coldwell Banker Distinctive Properties
Bathrooms: 5
SqFt: 9,095
Year Built: 2006

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.

Additional Information

Interior

Basement (Yes/no): Yes
Basement: Unfinished
Bathrooms Half: 5
Building Area Total: 9,100
Cooling (Yes/no): Yes
Cooling: Central Air
Furnished: Unfurnished
Heating (Yes/no): Yes
Heating: Natural Gas, Forced Air

Exterior

Foundation Details: Basement
Lot Size Dimensions: .51 Acre
Parking Features: Parking Spaces
Roof: Composition
Stories: 1
Waterfront: Yes
Waterfront Features: River Access

Financial/HOA/Schools

Days On Market: 20
Zoning Description: Commercial
Robert Gash, ALC

Robert Gash, ALC

Cedaredge, Colorado

(970) 986-2955

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Listed By: Karen Mccarthy of Coldwell Banker Distinctive Properties