257 Sherman StreetRidgway, CO 81432MLS Number 42354

  • Price: $2,400,000
  • 410 Days on Market
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Federal 30-year interest rate: 6.81% last updated on Apr 24, 2025
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257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432257 Sherman Street Ridgway CO 81432
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  • 0.51Acreage
  • 5Bathrooms
  • 2006Year Built
  • 9,995Square Feet

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Prime Commercial Building. Seize this exceptional investment opportunity. Currently leased to four thriving businesses, this investment opportunity presents an attractive option for investors seeking the potential for significant long-term capital gains while benefiting from a small positive cash flow. Surrounded by breathtaking 14,000-foot peaks, the distinguished Rio Grande Building is strategically located in Ridgway's thriving commercial heart at the intersection of CO 550 and CO 62, midway between Montrose and Telluride, CO. On the river, the property has superior construction and features 28+ parking spaces and provides flexibility for future growth and expansion. It is zoned for diverse commercial uses--including office, retail, and dining. 50% ownership is also available. MLS#43076
Listed by Karen McCarthy of Coldwell Banker Distinctive Properties-Telluride

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More Info

Basic Information

  • Units5

Building

  • Building ConstructionFrame
  • Est Unfinished Sq Ft900
  • Half Baths5
  • SubstructureUnfinished
  • Year Built2006

Property

  • Lot2S

Exterior

  • Exterior FinishLog, Stone, Wood (Natural)
  • RoofAsphalt Shingles

Parking

  • ParkingDesign Open

Location

  • AreaRidgway - 71 (Major Area 70)
  • CountyOuray County
  • DirectionsAt the convergence of CO HWY 550 and CO HWY 62, turn west on Sherman Street / CO HWY 62. Travel .2 miles. The Rio Grand Building is on the left.
  • MLS Area MinorRidgway
  • Major Area70
  • Special LocationBorders River, Main Street
  • TownRidgway

Utilities

  • ElectricPower Company
  • GasNatural
  • Utility Info Phone LinesRegular Phone
  • Utility Info Primary HeatGas Base
  • WaterCity

Basic Information

  • Bathroom5
  • Date Listed03/13/2024
  • DisclosuresNone
  • List Price$2,400,000
  • MLS Number42354
  • Property TypeCommercial
  • Source Sq FtDeveloper
  • Square Feet9,995
  • StatusACT
  • Tax Year2024
  • Taxes$41,562
  • TypeMixed Use

Amenities

  • HOA Mangment Company InfoNA

Other

  • View Count153

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