257 Sherman StreetRidgway, CO 81432MLS Number 42354

  • Price: $2,495,000
  • 39 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Active
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
QR Code
  • 0.51Acreage
  • 5Bathrooms
  • 2006Year Built
  • 9,095Square Feet
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 e
Listed by Karen McCarthy of Coldwell Banker Distinctive Properties-Telluride

Ask A Question

Do not fill in this field:
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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$2,495,000
  • MLS Number42354
  • Property TypeCommercial
  • Source Sq FtDeveloper
  • Square Feet9,095
  • StatusACT
  • Tax Year2024
  • Taxes$44,982
  • TypeMixed Use

Amenities

  • HOA Mangment Company InfoNA

Other

  • View Count10

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.