257 Sherman Street, Rio Grande Building, Ridgway, CO 81432 (MLS# 43076)


$1,100,000
257 Sherman Street, Rio Grande Building
Ridgway, CO 81432
MLS# 43076



257 Sherman St_030924_015
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257 Sherman St_030924_015 257 Sherman St_030924_054 257 Sherman St_030924_017 257 Sherman St_030924_011 257 Sherman St_030924_004 257 Sherman St_030924_005 257 Sherman St_030924_007 257 Sherman St_030924_023 257 Sherman St_030924_009 257 Sherman St_030924_014 257 Sherman St_030924_019 257 Sherman St_030924_020 257 Sherman St_030924_024 257 Sherman St_030924_025 257 Sherman St_030924_037 257 Sherman St_030924_046 257 Sherman St_030924_010 Screenshot 2024-03-08 at 12.20.16PM Screenshot 2024-03-08 at 12.20.49PM Screenshot 2024-03-08 at 12.21.00PM Screenshot 2024-03-08 at 12.21.11PM Screenshot 2024-03-09 at 10.52.00AM Screenshot 2024-03-09 at 10.52.43AM Screenshot 2024-03-09 at 10.52.55AM Screenshot 2024-03-09 at 10.53.41AM Screenshot 2024-03-09 at 10.54.08AM

Property Description
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.

Details
Listing & Location Info
Major Area: 70
Complex: Ridgway Village West
Keywords Info
# Of Tenants: 4
Half Baths: 5
General Info
Nbr of Acres: 0.51
Zoning: Commercial
Legal: 50% Ownership of COLBY MINOR SUBDIVISION Lot: 2 S: 16 T: 45 R: 8
Est Finished SqFt: 9995
Source SqFt: Developer
Directions: At 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.
Subdivision: None
Year Built: 2006
Financing Info
Taxes: 41279
HOA Mangment Company/Info: None
RETT: None
Assessor's Acct #: R0051844
Utility Info
Phone Lines: Regular Phone
Primary Heat: Gas Base
Disclosures
None: 1
Substructure
Unfinished: 1
Exterior Finish
Wood (Natural): 1
Water
City: 1
Primary Heat
Forced Air: 1
Gas: 1
Covered Parking
7 or More Cars: 1
Special Location
Borders River: 1
Gas
Natural: 1
Electric
Power Company: 1
Tenant Chg Incl
Electric: 1
Gas: 1
Listing Location Info
Current Price: $1,100,000
Sub-Type: Business
Area: Ridgway - 71 (Major Area 70)
Asking Price: 1100000
Street #: 257
Street Name: Sherman
Street Suffix: Street
Address 2: Rio Grande Building
City/Town: Ridgway
County: Ouray County
State/Province: CO
Postal Code: 81432
Status Change Info
Status: Active
Property Features
Disclosures: None
Substructure: Unfinished
Exterior Finish: Wood (Natural)
Primary Heat: Forced Air; Gas
Gas: Natural
Electric: Power Company
Tenant Chg Incl: Electric; Gas
Covered Parking: 7 or More Cars
Special Location: Borders River

IDX
Listing Office: Coldwell Banker Distinctive Properties-Telluride
Listing Agent: Karen McCarthy

Last Updated: March - 19 - 2025

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