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Turnkey Restaurant and Event Venue
For Sale
$6,350,000

185 N Lena Street, Ridgway, CO 81432

COMMERCIAL, Ridgway, CO

Property Size5,293 SF
Price / SF$1,199
Days on Market225

Property Features for 185 N Lena Street

General Information

Property type Commercial Sale
Property subtype Other
Property condition Under Construction
Bathrooms 2
Half bathrooms 2
Rooms Bathroom 1, Bathroom 2
Directions Town of Ridgway, North on Lena, Property on the left.
Standard status Active
Size 5,293 SF

Building Details

Year built 1907
Listing Agency: Keller Williams Realty Southwest Associates, LLC - Montrose
Listed By: Colleen Aller · License #FA100097828
Added: Jan 9 Changed: Aug 19 Last Checked: Aug 22 at 4:06PM
MLS# 830773

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.

The Old Firehouse is a distinctive 1907-era commercial property elevated in 2024 with a new addition, resulting in a turnkey restaurant and event venue. The offering includes a state-of-the-art commercial kitchen designed to support efficient culinary operations. A handcrafted bar anchors the interior, and integrated AV systems are included to support private dining and live music, as well as corporate events and celebrations. Indoor and outdoor seating areas provide flexibility for both intimate service and larger group events, and the property is currently not operating.

The property is located in the heart of Ridgway’s town core at 185 N. Lena Street, positioned for high visibility and pedestrian access within the mountain community.

With a historic brick exterior combined with contemporary construction, the building blends preservation with modern commercial buildout. The design and major components are described as thoughtfully executed, aiming to reduce the typical construction time and launch risk associated with starting a restaurant or event concept.

Key Highlights

  • Under Construction: Customize finishes and influence design choices.
  • Year Built: 1907: Historic property with unique character and architectural details.
  • Two Bathrooms: Offers convenience and functionality.

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.

Location Intelligence

Trade Area within ½ mile

423
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 90% Home Improvements & Furnishings 10%
Shell Shops & Services
7,177 visits/mo 0.5 miles
Conoco Shops & Services
6,523 visits/mo 0.5 miles
Ridgway Hardware Home Improvements & Furnishings
1,456 visits/mo 0.2 miles

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 Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Historic 1907 building with a new addition, commercial kitchen, and indoor/outdoor seating configured for restaurant and events.
Where is this conventional restaurant located?
The property is located at 185 N Lena Street Ridgway, CO.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: Under Construction: Customize finishes and influence design choices.; Year Built: 1907: Historic property with unique character and architectural details.; Two Bathrooms: Offers convenience and functionality.
More about this property
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