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Coworking Space Condominium
For Sale
$1,145,000

185 N Lena Street, Ridgway, CO 81432

COMMERCIAL, Ridgway, CO

Property Size1,471 SF
Price / SF$778.38
Days on Market222

Property Features for 185 N Lena Street

General Information

Property type Commercial Sale
Property subtype Office
Property condition Under Construction
Bathrooms 1
Half bathrooms 1
Rooms Bathroom 1
Directions Town of Ridgway. North on Lena, property is on the left. This condo is located above the restaurant on the second floor, overlooking Ridgway Town Park.
Standard status Active
Size 1,471 SF

Building Details

Year built 2024
Listing Agency: Keller Williams Realty Southwest Associates, LLC - Montrose
Listed By: Colleen Aller · License #FA100097828
Added: Jan 24 Changed: Aug 19 Last Checked: Sep 3 at 7:06PM
MLS# 831132

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Condo C is a coworking-oriented commercial condominium in Ridgway’s Old Firehouse project, a 1907 structure redeveloped in 2024. The space provides open collaborative areas, private meeting rooms, and flexible work zones, with natural light and contemporary finishes supporting day-to-day professional use.

The unit is currently leased to Alt Space, a coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams. Redevelopment work included electrical, mechanical, insulation, window, and life-safety upgrades. The property is located at 185 N Lena Street, with nearby restaurants, coffee shops, retail, parks, pathways, and civic amenities. Regional connections to Ouray, Telluride, and Montrose further define the surrounding commercial context.

Key Highlights

  • Coworking‑oriented commercial condominium in the Old Firehouse project
  • 1907 structure redeveloped in 2024
  • Currently leased to Alt Space, a coworking operator

Property Analytics

Current Use

The Old Firehouse Restaurant

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

423
Businesses Nearby

Demographics for 81432, CO

3,061
Population
2,058
Households
1.5
Avg Household Size
54
Median Age
56%
College-Educated
99%
High-School Grad
300.4 sq mi
ZIP Area
10
Density / Sq Mi
$87,547
Median Household Income
$46,643
Median Earnings
$1,469
Median Rent
$771,400
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Coworking space - Leased professional workspace within the restored Old Firehouse project in Ridgway’s walkable town center.
Where is this coworking space located?
The property is located at 185 N Lena Street Ridgway, CO.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: Coworking‑oriented commercial condominium in the Old Firehouse project; 1907 structure redeveloped in 2024; Currently leased to Alt Space, a coworking operator
More about this property
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