Prime Commercial Building - 50% OWNERSHIP OPPORTUNITY. 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, features 28+ parking spaces and provides flexibility for future growth and expansion. It is zoned for diverse commercial uses--including office, retail, and dining.
Listed by Karen McCarthy of Coldwell Banker Distinctive Properties-Telluride
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More Info
Parking
Covered Parking7 or More Cars
ParkingDesign Open
Building
Half Baths5
SubstructureUnfinished
Year Built2006
Exterior
Exterior FinishWood (Natural)
Utilities
ElectricPower Company
GasNatural
Primary HeatForced Air, Gas
Utility Info Phone LinesRegular Phone
Utility Info Primary HeatGas Base
WaterCity
Basic Information
Bathroom5
Date Listed11/21/2024
DisclosuresNone
List Price$1,100,000
MLS Number43076
Property TypeCommercial
Source Sq FtDeveloper
Square Feet9,995
StatusACT
Taxes$41,279
TypeBusiness
Legal
Legal50% Ownership of COLBY MINOR SUBDIVISION Lot: 2 S: 16 T: 45 R: 8
PossessionAt closing/funding
ZoningCommercial
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.
