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Historic Coworking Office Condominium
For Sale
$1,145,000

185 N Lena Street, Ridgway, CO 81432

CommercialSale, Ridgway, CO

Property Size1,145 SF
Price / SF$1,000
Days on Market214

Property Features for 185 N Lena Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description General Commercial
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.
Subdivision Ridgway
Standard status Active

Taxes and HOA fees

Tax Annual Amount 10075
Listing Agency: KELLER WILLIAMS SOUTHWEST ASSOC · Keller Williams Realty
Listed By: Colleen Aller · License #FA100097828
Added: Jan 21 Changed: Aug 22 Last Checked: Aug 23 at 1:06AM
MLS# 20260251

Copyright © 2026 Grand Junction Area Association of Realtors. 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 1,145 SF office condominium within the Old Firehouse project, a 1907 structure comprehensively redeveloped in 2024. The unit is leased to Alt Space, a coworking operator, and offers a flexible interior with collaborative areas, private meeting space, and adaptable workstations. Natural light, contemporary finishes, upgraded electrical and mechanical systems, improved insulation and windows, and updated life-safety systems support modern office operations.

The property is located at 185 N Lena Street in Ridgway, with walkable access to restaurants, coffee shops, retail, parks, pathways, and civic amenities. The surrounding regional market includes connections to Ouray, Telluride, and Montrose. Redevelopment elements retain original brickwork while incorporating new construction and current building systems, combining historic character with updated commercial functionality.

Key Highlights

  • 1,145 SF office condominium in the Old Firehouse project
  • 1907 structure comprehensively redeveloped in 2024
  • 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

100%
Occupancy
Single-tenant
Tenancy

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
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Frequently Asked Questions

What type of property is this?
Coworking space - Leased office condominium in a comprehensively redeveloped historic commercial building.
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: 1,145 SF office condominium in the Old Firehouse project; 1907 structure comprehensively redeveloped in 2024; Leased to Alt Space, a coworking operator
More about this property
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