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$ 950,000
Est. payment /mo
New
257 Sherman Street #Rio Grande Building Ridgway, CO 81432
5 Baths
9,995 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,995 sqft
Price per Sqft $95
MLS Listing ID 837163
Half Baths 5
Year Built 2006
Annual Tax Amount $37,358
Tax Year 2026
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Multi-Use
Property Description
Prime Commercial Building - 50% OWNERSHIP OPPORTUNITY. Seize this exceptional investment opportunity. Currently leased to four thriving businesses, this investment opportunity presents an attractive option for investors seeking the potential for significant long-term capital gains while benefiting from a small positive cash flow. Surrounded by breathtaking 14,000-foot peaks, the distinguished Rio Grande Building is strategically located in Ridgway's thriving commercial heart at the intersection of CO 550 and CO 62, midway between Montrose and Telluride, CO. On the river, the property has superior construction, features 28+ parking spaces and provides flexibility for future growth and expansion. It is zoned for diverse commercial uses—including office, retail, and dining. 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.
Location
State CO
County Ouray
Interior
Furnishings Unfurnished
Building
Story 2
New Construction No
Listed by Coldwell Banker Distinctive Properties
NEARBY SCHOOLS & PROPERTIES
Lee Roufa
Broker License Partner Engel & Volkers Telluride | License ID: ec100033234