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    220 Lena St Ridgway, CO 81432

    Sponsored
    For Sale
    $875,000

    Historic Restaurant, Endless Potential

    Property size:
    3,015 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 3,015 square foot commercial property at 220 S Lena Street, Ridgway, CO, presents a unique investment opportunity in a thriving market. Situated on a 0.25-acre lot in Ridgway's Historic Business Zone, this building boasts a rich history as a high-quality restaurant, dating back to the early 1990s. The property's zoning allows for a multitude of uses, including continuing its successful operation as a restaurant, or adapting it to accommodate a bakery, deli, office space, retail store, or even a small hotel. The versatility of this property is further enhanced by the inclusion of the adjacent lot to the south, adding significant potential for expansion or separate development. This additional land could seamlessly integrate into an existing business or be sold independently, maximizing the return on investment. The building's prime location within Ridgway's vibrant business district ensures high visibility and accessibility, making it an ideal choice for entrepreneurs seeking to capitalize on the town's growth and burgeoning tourism sector. This is a rare chance to acquire a well-established property with significant upside in a desirable Colorado location. The asking price is $875,000.

    Property Features for 220 Lena St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,015 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1992
    Property Profile Location Intelligence

    Current Use by Public Records

    Bella Vino Italian 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.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgway
    County
    Ouray County
    State
    Colorado
    Longitude
    -107.756
    Latitude
    38.15026

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Restaurant, Endless Potential
    Where is this commercial real estate located?
    The property is located at 220 Lena St Ridgway, CO.
    What is the asking price?
    The asking price for this property is $875,000.
    (970) 626-5400
    Request Owner's contact information
    220 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

    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
    220 Lena St Ridgway, CO 81432
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