THIS IS A 50% OWNERSHIP OPPORTUNITY. THE ENTIRE BUILDING IS ALSO FOR SALE FOR $2,395,000a"SEE MLS#:81156. This is an investment opportunity in Southwest Colorado.This splendid Rio Grande Building is strategically positioned at the convergence of CO 550 and CO 62, nestled alongside the river. Currently leased to four thriving businesses, this property's positive cash flow presents an attractive option for investors anticipating future appreciation for long-term capital gains. With over 28 parking spaces and potential expansion opportunities, the current zoning permits various uses, including office, retail, and dining. Crafted with superior construction and premium materials such as copper gutters and windows, the architecture pays homage to Ridgway's rich history.
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.
