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Commercial Business

$950,000
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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.
Asking Price:
$950,000
Status: Active
Bathrooms:0 Full
5 Half Baths
Living Area:9,995 SqFt. Source: Developer
Year Built:2006
City/Town:Ridgway
Borders River,Near Park
Location:Area: Ridgway - 71 (Major Area 70)
Address:257 Sherman Street, Ridgway 81432
Borders River,Near Park
Heating:Gas Base
Primary Heat: Forced Air,Gas
Water Source:City
Exterior:Wood (Natural)
Roof: Metal
Hoa Dues:0.00/
Transfer Tax:None
Property Tax:$41,279 Paid in: 0
Legal:50% Ownership of COLBY MINOR SUBDIVISION Lot: 2 S: 16 T: 45 R: 8
MLS #:44365
Destination Distance Driving Time
Downtown Telluride:
Telluride Post Office:
Free Gondola:
Wilkinson Public Library:
Town Park:
Clarks Market:
Village Market:
Bear Creek Trailhead:
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