Historic Office Condominium in
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 Market210
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
(970) 596-0870
Listed By:
Colleen Aller · License #FA100097828
(970) 901-7018
Added: Jan 24
Changed: Aug 19
Last Checked: Aug 22 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 leased office condominium within Ridgway’s Old Firehouse project, an iconic 1907 structure redeveloped in 2024 with an architecturally sensitive approach. The space is configured for professional use with a versatile mix of open collaborative areas, private meeting areas, and adaptable work zones. The unit is designed to take advantage of natural light and includes modern finishes. As part of the 2024 expansion and rebuild, the space benefits from upgraded electrical, mechanical, insulation, windows, and life-safety systems.
The condominium is located along North Lena Street, providing visibility and walkable access to restaurants, coffee shops, retail, parks, pathways, and civic amenities in Ridgway’s town center. The setting also draws regional traffic associated with Ouray, Telluride, and Montrose, supporting consistent visitor and professional movement tied to year-round recreation.
Condo C is currently leased to Alt Space, a coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams throughout the region. For investors, the existing lease provides in-place income with minimal day-to-day management oversight. For owner-users, the updated infrastructure and flexible office layout support a range of professional office needs while remaining within a landmark, restored building.
The condominium is located along North Lena Street, providing visibility and walkable access to restaurants, coffee shops, retail, parks, pathways, and civic amenities in Ridgway’s town center. The setting also draws regional traffic associated with Ouray, Telluride, and Montrose, supporting consistent visitor and professional movement tied to year-round recreation.
Condo C is currently leased to Alt Space, a coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams throughout the region. For investors, the existing lease provides in-place income with minimal day-to-day management oversight. For owner-users, the updated infrastructure and flexible office layout support a range of professional office needs while remaining within a landmark, restored building.
Key Highlights
- Condo C is a 1,145 SF office condominium in Ridgway’s Old Firehouse project, rebuilt in 2024 from the 1907 structure
- Space is currently leased to Alt Space, a coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams
- 2024 expansion and rebuild includes upgraded electrical, mechanical, insulation, windows, and life‑safety systems
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coworking space - Leased office condo in a 2024 Old Firehouse redevelopment, offering a turnkey setup with coworking tenant continuity.
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: Condo C is a 1,145 SF office condominium in Ridgway’s Old Firehouse project, rebuilt in 2024 from the 1907 structure; Space is currently leased to Alt Space, a coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams; 2024 expansion and rebuild includes upgraded electrical, mechanical, insulation, windows, and life‑safety systems
