Skip To Content

257 Sherman Street

Ridgway, CO 81432
  • $2,495,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 42354
$2,495,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 5
    1/2 BATHS
  • 9,095
    SQFT
  • $274
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:

School Ratings & Info

Description

Seeking an investSeeking 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 eCurrently 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.

Monthly Payment Calculator

Teullride Board of Realtors logo ©Copyright 2020 by Telluride Association of REALTORS, Inc. ALL RIGHTS RESERVED WORLDWIDE. The data relating to real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc. or Telluride Realty & Investment. Data last updated: 2024-04-17T18:57:54.52.

www.telluriderealtyhome.com/homes/148545881
Print Image

257 Sherman Street Ridgway, CO 81432

  • Price: $2,495,000
  • Status: Active
  • On Site: 37 Days
  • MLS #: 42354
0
Beds
0
Baths
5
½ Baths
0.51
Acres
9,095
SQFT
$274
$/SQFT
2006
Built
Neighborhood:
None
County:
Ouray
Area:
Ridgway - 71 (Major Area 70)
Property Description
Seeking an investSeeking 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 eCurrently 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.
Exterior Features

Construction Frame Exterior Finish LogStoneWood (Natural) Parking Design Open Roof Asphalt Shingles Special Location Borders RiverMain Street Substructure Unfinished

Interior Features

Total Units 5 Unfinished Sq Ft 900.00

Property Features

Commercial Type Mixed Use Disclosures None Electric Power Company Gas Natural Hoa Dues 0.00 Major Area 70 Possession At closing & Funding REO No RETT None Short Sale No Sq Ft Source Developer Tax Year 2024 Taxes 44982.24 Tenant Charges Include ElectricGas Tenants 4 Utility Phone Lines Regular Phone Utility Primary Heat Gas Base Water City Zoning Commercial

Teullride Board of Realtors logo Listing provided courtesy of Karen Mccarthy of Coldwell Banker Distinctive Properties-Telluride: .
Teullride Board of Realtors logo ©Copyright 2020 by Telluride Association of REALTORS, Inc. ALL RIGHTS RESERVED WORLDWIDE. The data relating to real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc. or Telluride Realty & Investment. Data last updated: 2024-04-17T18:57:54.52.

 
https://bt-photos.global.ssl.fastly.net/telluride/1280_boomver_2_42354-2.jpg https://bt-photos.global.ssl.fastly.net/telluride/1280_boomver_2_42354-2.jpg https://bt-photos.global.ssl.fastly.net/telluride/1280_boomver_2_42354-2.jpg
Logo
Telluride Realty & Investment
747 W. Pacific Ave. Suite 416
Telluride CO, 81435