257 Sherman Street, Ridgway, CO 81432 (MLS # 42354)
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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 estate in Ridgway
| DAYS ON MARKET | 247 | LAST UPDATED | 3/13/2024 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 2006 |
| COUNTY | Ouray County | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| BASEMENT | Yes |
|---|---|
| CONSTRUCTION | Frame, Log, Stone |
| LOT | 0.51 acre(s) |
| SUBDIVISION | None |
| TAXES | 44982.24 |
| UTILITIES | Natural Gas Available |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | River Front |
| ZONING | Commercial |
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Listed with Coldwell Banker Distinctive Properties-Telluride
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The data was last updated on: 11/15/24 5:02 AM PST
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