631 Sherman Street, Ridgway, CO 81432
631 Sherman Street, Ridgway, CO 81432
631 Sherman Street, Ridgway, CO 81432
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Melissa Gibbs

Melissa Gibbs

+1(970) 946-2939
$1,425,000
Est. payment /mo
2 Baths
2,315 SqFt
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Key Details

Property Type Commercial

Sub Type Multi-Use w/Res

Listing Status Active

Purchase Type For Sale

Square Footage 2,315 sqft

Price per Sqft $615

MLS Listing ID 839807

Half Baths 2

Year Built 1993

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi-Use w/Res

Property Description

Exceptional Commercial Investment & Development Opportunity in Downtown Ridgway, Colorado! Discover the remarkable flexibility of Ridgway's Historic Business Zone, offering some of the most desirable mixed-use development opportunities in Southwest Colorado. Located in the heart of Ridgway's thriving Town Core, this 2,315-square-foot, single-level commercial building offers outstanding visibility, pedestrian traffic, convenient parking, and exceptional potential for retail, restaurants, professional offices, galleries, residential conversion, or mixed-use redevelopment. Constructed in 1993, the building has a successful history of retail use, including an antique store, upscale furniture showroom, specialty shops, and offices. Currently configured into three distinct commercial spaces, it accommodates a popular T-shirt and souvenir shop, a fine fabric arts gallery and workshop, and an office supply business. Continue its established commercial uses or reimagine the property to suit your investment or business vision. Ridgway's flexible Historic Business zoning offers exciting possibilities for commercial, residential, and multifamily uses, with a maximum building height of 35 feet and minimal side setbacks. Consider expanding the existing structure, adding upper-level residential or commercial space, or pursuing an entirely new development concept, subject to Town approval. Covered porches provide beautiful mountain scenery, while potential upper levels could capture spectacular San Juan Mountain views. An additional separate building lot to the west is included, creating opportunities for further development, expanded parking, or potential resale. With its strategic downtown location, versatile zoning, and proximity to Ouray, Telluride, and Montrose, this property presents an exceptional opportunity for entrepreneurs, investors, developers, and businesses serving Southwest Colorado. Own a prime piece of downtown Ridgway commercial real estate and bring your vision to life!

Location

State CO

County Ouray

Interior

Heating Natural Gas

Flooring Carpet

Furnishings Unfurnished

Exterior

Parking Features Off Street, Gravel, 20 + Total Spaces, Common, In Rear of Building

Garage Spaces 20.0

Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Water

Roof Type Metal

Building

Story 1

Sewer Public Sewer Installed, Sewer Tap Paid

Water Public, Tap Installed Paid

New Construction No

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Colorado Real Estate Network (CREN) + Sold
Listed by United Country Sneffels Realty

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631 Sherman Street

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