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    123 N Lena St Ridgway, CO 81432

    For Sale
    $350,000

    Business Opp Available - Ridgway, CO

    Property size:
    3,368 SF
    Days on Market:
    207
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 123 N Lena St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,368 SF

    Building Details

    Architectural style
    Other

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

    Listing agent Todd Schroedel (970) 626-3555

    Listing date May 21, 2025

    MLS# 822840 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

    Iconic Restaurant Business Opportunity

    The iconic True Grit Café, a Western-themed restaurant operating continuously since 1985, is available for sale. This dining establishment draws visitors year-round from Ridgway, Ouray, Telluride, Silverton, and beyond. Named in honor of the John Wayne film True Grit, the café offers a blend of Old West charm and modern comfort. The menu features Western comfort food favorites, including steaks, elk burgers, chicken-fried steak, gourmet mac and cheese, fresh salads, hearty soups, and chilis. The two-level dining space includes a warm, inviting interior with a towering stone fireplace and rustic wood-and-iron finishes, plus outdoor seating. Designed specifically as a restaurant, the building offers a seamless layout with a well-equipped kitchen, walk-in coolers and freezers, generous storage, and dedicated staff areas. The sale includes the business name, furnishings, commercial kitchen equipment, historic memorabilia, menus, future bookings, advertising channels, and its reputation. The property is located in Ouray County, in Ridgway, Colorado. The building has 3368 square feet of living area. While the lease is excellent, there may also be an opportunity to purchase the building. This is an opportunity for an investor, chef, or restaurateur seeking a proven, profitable business in a vibrant Colorado mountain town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    True Grit Cafe Traditional American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Spa & Massage Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Eatery 66, Provisions at the Barber Shop, Lotus Root Kitchen + Catering

    Location Insight

    • Map
    • Local Demand
    City
    Ridgway
    County
    Ouray
    State
    Colorado
    Longitude
    -107.756715
    Latitude
    38.151706

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    FAQs

    What type of property is this?
    Restaurant - Thriving, turnkey restaurant for sale in Ridgway, Colorado.
    Where is this restaurant located?
    The property is located at 123 N Lena St Ridgway, CO.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Turnkey, profitable restaurant business with a long-standing reputation (operating since 1985).; - Prime location in Ridgway, Colorado, attracting year-round visitors from multiple towns.; - Iconic Western-themed restaurant named after the John Wayne film 'True Grit', filmed in the area.
    (970) 626-3555
    Request Owner's contact information
    123 N Lena 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

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    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
    123 N Lena St Ridgway, CO 81432
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