257 Sherman Street, Ridgway

Commercial Mixed Use

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Seeking an investSeeking an investment opportunity in Southwest Colorado? This splendid Rio Grande Building is strategically positioned at the convergence of CO HWY 550 and CO HWY 62, nestled alongside the picturesque Uncompahgre River and adjacent to Rollin Park in downtown Ridgway. The property's current positive cash flow presents an attractive option for investors anticipating future appreciation. Notably, residential real estate in Ridgway experienced a staggering 70% appreciation within two years, while commercial real estate appreciated a fraction of that. Currently leased to four thriving businesses, this property offers versatility for the future. With over 28 parking spaces and potential expansion, the current zoning permits various uses, including office, retail, and dining e

Property Details

Listing ID:	42354
Type:	Mixed Use
Deed Restricted:	What is Deed Restricted? A deed restricted property is a home or condo that has restrictions in place that prohibit the general public from purchasing the property. Buyers must qualify with the housing authority demonstrating that they live and work in the area. Certain properties have varying degrees of qualification as to the purchaser and live/work situation.
List Price:	$2,495,000 Mortgage Estimate
Mortgage Estimate Down payment: % Down: Money Down:$499,000 Interest Rate: Estimated Monthly Payment $13,404.21
Status:	Active
Bathrooms:	0 Full 5 Half Baths
Living Area:	9,095 SqFt. Source: Developer
Zoning:	Commercial
Year Built:	2006
City/Town:	Ridgway Borders River,Main Street
Location:	Area: Ridgway - 71 (Major Area 70)
Address:	257 Sherman Street, Ridgway 81432 Borders River,Main Street
Heating:	Gas Base Primary Heat:
Water Source:	City
Exterior:	Log, Stone, Wood (Natural) Construction: Frame Roof: Asphalt Shingles
Disclosures:	None
Hoa Dues:	0.00/
Transfer Tax:	None
Property Tax:	$44,982 Paid in: 2024
Legal:	COLBY MINOR SUBDIVISION Lot: 2 S: 16 T: 45 R: 8

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Property listing, remarks and information listed on this page regarding this Mixed Use is provided by: Coldwell Banker Distinctive Properties-Telluride/Karen McCarthy

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