257 Sherman Street, Ridgway, Colorado

$2,495,000

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Baths

9,095

Square feet

0.51

Acres

About 257 Sherman Street

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.

Features of 257 Sherman Street

MLS® # 42354
Price $2,495,000
Bathrooms 2.50
Half Baths 5
Square Footage 9,095
Acres 0.51
Year Built 2006
Type Commercial/Industry
Sub-Type Mixed Use
Status Active

Community Information

Address 257 Sherman Street
Area Ridgway - 71 (Major Area 70)
Subdivision None
City Ridgway
County Ouray County
State Colorado
Zip Code 81432

Amenities

Utilities Regular Phone, Gas Base

Interior

Has Basement No

Exterior

Exterior Wood (Natural), Log, Stone
Roof Asphalt Shingles
Construction Frame

Additional Information

Zoning Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentKaren Mccarthy
OfficeColdwell Banker Distinctive Properties-Telluride

Listing Map

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