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    Tbd Sherman St Ridgway, CO 81432

    For Sale
    $795,000

    Residential - Ridgway, CO

    Type:Single Family Residence
    Lot size:
    0.13 Acres
    Days on Market:
    293
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for Tbd Sherman St

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Architectural style
    Other

    United Country Sneffels Realty (970) 318-2160 [email protected]

    Listing agent Todd Schroedel (970) 626-3555

    Listing date Feb 17, 2025

    MLS# 821170 Listing URL

    Copyright © 2025 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.

    Overview

    Prime Ridgway Mixed-Use Development Site

    Located in the core of Ridgway, this parcel offers visibility, access, and development potential. The property spans 5,557 square feet and is situated within the Historic Business Zone, making it suitable for mixed-use development. Zoning allows for a structure across up to three floors, with the potential for a rooftop patio. There are virtually no setbacks, providing maximum buildable area. Access is available from Sherman Street, the main thoroughfare connecting Montrose and Telluride, as well as from the alley and an adjacent commercial building parcel owned by the same seller. The zoning supports a variety of uses, including restaurants, breweries, distilleries, condominiums, townhomes, and multi-unit residential developments such as duplexes or four-plexes. Nearby properties have successfully incorporated basement levels, adding potential for maximizing the space. This location is suited for a retail space, a professional office building, a boutique hotel, or a residential complex.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ridgway
    County
    Ouray
    State
    Colorado
    Longitude
    -107.751
    Latitude
    38.1122

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    FAQs

    What type of property is this?
    Mixed-use property - Exceptional 5,557 sq ft parcel in the heart of Ridgway.
    Where is this mixed-use property located?
    The property is located at Tbd Sherman St Ridgway, CO.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Prime location in the core of Ridgway offering unparalleled visibility and access.; - Situated within the Historic Business Zone, allowing for mixed-use development up to three floors with potential rooftop patio.; - Zoning supports a variety of uses including retail, office, hotel, residential, restaurants, breweries, and more.
    (970) 626-3555
    Request Owner's contact information
    Tbd Sherman St Ridgway, CO 81432
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    Ridgway, CO 81432
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Tbd Sherman St Ridgway, CO 81432
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