Active
TBD Sherman Street
Ridgway CO, 81432
$795,000
$143.71 per sqft
Active
0.13 Acres
Land
Listed by Todd Schroedel with United Country Sneffels Realty 970-318-2160
Discover the pinnacle of investment opportunities with this exceptionally located parcel in the core of Ridgway. Spanning 5,557 square feet, this property offers unparalleled visibility, access, and development potential, making it a standout choice for discerning investors. Situated within the Historic Business Zone, this parcel is a prime candidate for mixed-use development, with zoning that allows for a substantial structure across up to three floors, including the potential for an additional rooftop patio. The flexibility is unmatched--there are virtually no setbacks, providing you with maximum buildable area. Access to the property is not only from Sherman Street, the main thoroughfare connecting Montrose and Telluride, but also from the alley and an adjacent commercial building parcel owned by the same seller. This dual access offers exceptional convenience and strategic value. Whether you envision a retail space, a professional office building, a boutique hotel, or a residential complex, this parcel offers the versatility to bring your vision to life. The zoning supports a variety of uses, including restaurants, breweries, distilleries, condominiums, townhomes, and even multi-unit residential developments such as duplexes or four-plexes. Additionally, nearby properties have successfully incorporated basement levels, adding even more potential for maximizing the space. This is more than just a parcel; it's an opportunity to invest in one of the most desirable locations in Downtown Ridgway. It's a rare find that aligns with your high standards and investment goals, offering a unique blend of location, flexibility, and potential returns. Take the next step towards realizing your Southwest Colorado dreams--explore this exceptional opportunity today.
821170
MLSⓇ ID
February 13, 2025
Listed
February 21, 2025
Updated
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
Corners Marked, Foothills, Near Golf Course, Level, Ski In /Ski Out
School Information
High School
Ridgway 9-12
Elementary School
Ridgway K-5
Other Property Details
Area Name
Ridgway
Taxes
$2,214
Tax Frequency
Annually
Days on Market
5
Garage
No
View
Yes
View Description
Mountain(s), Valley
County
Ouray
Water Source
Public
Pets Allowed
Yes
Utilities
Cellular Phone Reception, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available
Listing History
Date | Event | Price |
|---|---|---|
2/17/2025 | Price change | $795,000 -4% |
Listed by Todd Schroedel with United Country Sneffels Realty 970-318-2160
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Data last updated on: 2/21/2025