Active
257 Sherman Street
Ridgway Colorado, 81432
$2,495,000
$274.33 per sqft
Active
5 Baths
9,095 sqft
Other
Built in 2006
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
42354
MLSⓇ ID
October 14, 2024
Updated
Map
257 Sherman Street
Ridgway Colorado, 81432
Interior Features
Total Bathrooms
5
Half Bathrooms
5
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.51 Acres
Exterior Features
Log, Stone, Wood (Natural)
Roof
Asphalt Shingles
Other Property Details
Taxes
$44,982
Tax Frequency
Annually
Garage
No
Parking
Design Open
View
No
County
Ouray County
Water Source
City
Pool
No
Zoning
Commercial
Listing History
Date | Event | Price |
|---|---|---|
11/17/2024 | Price change | $2,395,000 -5% |
Courtesy of Coldwell Banker Distinctive Properties-Telluride, Karen McCarthy,
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Yaseen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
The data relating to the real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc.
The data was last updated on 10/14/2024 8:28 PM UTC
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