22
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$1,425,000
Est. payment /mo
Active
631 Sherman Drive Ridgway, CO 81432
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Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251004
Annual Tax Amount $8,510
Lot Dimensions .16
Property Sub-Type Building
Property Description
Exceptional Commercial Investment & Development Opportunity in Downtown Ridgway, Colorado! Discover the remarkable flexibility of Ridgway's Historic Business Zone, offering some of the most desirable mixed-use development opportunities in Southwest Colorado. Located in the heart of Ridgway's thriving Town Core, this 2,315-square-foot, single-level commercial building offers outstanding visibility, pedestrian traffic, convenient parking, and exceptional potential for retail, restaurants, professional offices, galleries, residential conversion, or mixed-use redevelopment. Constructed in 1993, the building has a successful history of retail use, including an antique store, upscale furniture showroom, specialty shops, and offices. Currently configured into three distinct commercial spaces, it accommodates a popular T-shirt and souvenir shop, a fine fabric arts gallery and workshop, and an office supply business. Continue its established commercial uses or reimagine the property to suit your investment or business vision. Ridgway's flexible Historic Business zoning offers exciting possibilities for commercial, residential, and multifamily uses, with a maximum building height of 35 feet and minimal side setbacks. Consider expanding the existing structure, adding upper-level residential or commercial space, or pursuing an entirely new development concept, subject to Town approval. Covered porches provide beautiful mountain scenery, while potential upper levels could capture spectacular San Juan Mountain views. An additional separate building lot to the west is included, creating opportunities for further development, expanded parking, or potential resale. With its strategic downtown location, versatile zoning, and proximity to Ouray, Telluride, and Montrose, this property presents an exceptional opportunity for entrepreneurs, investors, developers, and businesses serving Southwest Colorado. Own a prime piece of downtown Ridgway commercial real estate and bring your vision to life!
Location
State CO
County Ouray
Area Ridgway
Direction Located at the corner of Sherman Street and Cora--right across from Taco Del Gnar-and on the east side of the White Church.
Building
Lot Description Corner Lot
Listed by UNITED COUNTRY SNEFFELS REALTY
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