257 Sherman Street Unit: Rio Grande Building

Active

257 Sherman Street Unit: Rio Grande Building

Ridgway Colorado, 81432

$1,100,000

$110.06 per sqft

Active

5 Baths

9,995 sqft

Commercial

Built in 2006

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.

43076

MLSⓇ ID

November 22, 2024

Updated

Map

257 Sherman Street Unit: Rio Grande Building
Ridgway Colorado, 81432

Interior Features

Total Bathrooms: 5
Half Bathrooms: 5
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Forced Air, Gas

Exterior/Building Features

Lot Size: 0.51 Acres
Exterior Features: Wood (Natural)

Other Property Details

Taxes: $41,279
Tax Frequency: Annually
Garage: No
Parking: Design Open, 7 or More Cars
View: No
County: Ouray County
Water Source: City
Pool: No
Zoning: Commercial

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 Joseph Hittinger | CA DRE# 01876241 | CO DRE# FA1001100717 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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The data was last updated on 11/22/2024 3:27 PM UTC