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Office Condominium with Modern Upgrades
For Sale
$1,145,000

185 N Lena Street Unit Condo "C", Ridgway, CO 81432

The unit is leased to a coworking operator and includes flexible areas for collaborative work and private meetings.

Property Size1,471 SF
Price / SF$778.38
Days on Market279

Property Features for 185 N Lena Street Unit Condo "C"

General Information

Standard status Active
Size 1,471 SF
Property subtype Office

Additional Details

Condition Turnkey
Road Access Yes
Office Units 1
Tenant in Place Yes
Property Use Coworking

Taxes and HOA fees

Annual Taxes $10,075

Building Details

Building Size 1,471 SF
Year Built 2024
Year Renovated 2024
Buildings 1
Listing Agency: Keller Williams Realty Southwest Associates, LLC - Montrose
Listed By: Colleen Aller · License #FA100097828
Source: Ellisonmacintire
Added: Jan 21 Changed: Oct 26 Last Checked: Oct 26 at 2:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Southwest Associates, LLC - Montrose

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Condo C is an office condominium in the Old Firehouse redevelopment, a 1907 structure renovated and expanded in 2024. The unit has a flexible interior with collaborative areas, private meeting space, natural light, and modern finishes. Building improvements include upgraded electrical and mechanical systems, insulation, windows, and life-safety systems.

On North Lena Street in Ridgway, the property is near restaurants, coffee shops, retail, parks, pathways, and civic amenities. The office is currently occupied by Alt Space, a coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams.

Key Highlights

  • Office condominium within the Old Firehouse redevelopment, a 1907 structure updated in 2024
  • Currently leased to Alt Space, a coworking operator
  • Flexible layout includes collaborative areas and private meeting space

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

1
Office units
Yes
Paved road access

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

Frequently Asked Questions

What type of property is this?
Office unit - The unit is leased to a coworking operator and includes flexible areas for collaborative work and private meetings.
Where is this office unit located?
The property is located at 185 N Lena Street Unit Condo "C" 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: Office condominium within the Old Firehouse redevelopment, a 1907 structure updated in 2024; Currently leased to Alt Space, a coworking operator; Flexible layout includes collaborative areas and private meeting space
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