257 Sherman Street , Ridgway, CO 81432
Ridgway, CO 81432
Description
THIS IS A 50% OWNERSHIP OPPORTUNITY. THE ENTIRE BUILDING IS ALSO FOR SALE FOR $2,395,000SEE MLS#: 81156. This is an investment opportunity in Southwest Colorado.This splendid Rio Grande Building is strategically positioned at the convergence of CO 550 and CO 62, nestled alongside the river. Currently leased to four thriving businesses, this property's positive cash flow presents an attractive option for investors anticipating future appreciation for long-term capital gains. With over 28 parking spaces and potential expansion opportunities, the current zoning permits various uses, including office, retail, and dining. 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 14,000 mountain peaks.
Details
| Mls | 819489 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Subtype | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 17 |
| Listing Provided By | Coldwell Banker Distinctive Properties | Karen McCarthy |
Features
| Baths | 5 Total |
|---|---|
| Sq Feet | 9,995 |
| Storys | 1 |
| Units | 5 |
| Acreage | 0.51 |
| Water Front | Yes |
Market Activity 81432
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Learn More About This Property
| State | CO |
|---|---|
| County | Ouray |
| City | Ridgway |
| Zip Code | 81432 |
| Area | Ridgway |
| Listing VS Median (in 81432) | |
Price: $1,100,000 low | high Med: $995,000 SqFt: 9,995 low | high Med: 1,383 $ / SqFt: $110 low | high Med: $741 On Site: 17 low | high Med: 90.500000 | |