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 |

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