$274.33 Per Sq Foot $13,394 est/mo Sourced by Back At You

257 Sherman Street,Ridgway, CO 81432

Ridgway CO, 81432

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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.

Details

MLS#811560
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year2006
Days On Site68
Listing Provided ByColdwell Banker Distinctive Properties | Karen McCarthy

Features

Bath(s) 5 Total
SQ Feet9,095
BasementY
Story(s)1
Units5
ZoningCommercial
Acreage0.51
Water FrontYes

Market Activity 81432

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Listings Checked: 1 minute ago
StateCO
CountyOuray
CityRidgway
Zip Code81432
AreaRidgway
Listing VS Median (in 81432)
Price:
$2,495,000
low | high
Med:
$1,096,000
100% of Average
SqFt:
9,095
low | high
Med:
2,030
100% of Average
$ / SqFt:
$274
low | high
Med:
$540
46.809777189848% of Average
On Site:
68
low | high
Med:
66.000000
100% of Average
Sourced by Back At You
Listing Updated: April 2, 2024 at 10:29:46 AM PDT
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