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    257 Sherman St Ridgway, CO 81432

    Sponsored
    For Sale
    $2,395,000

    Prime location, high cash flow, expansion potential.

    Property size:
    9,095 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 9,095 square foot mixed-use property in Ridgway, Colorado, presents a compelling investment opportunity. Located at 257 Sherman Street, this building enjoys a strategic position at the intersection of CO 550 and CO 62, directly adjacent to the river. Currently generating positive cash flow from four established tenants, this property offers immediate return on investment. The building boasts over 28 parking spaces, a significant advantage in this desirable location. Its versatile zoning allows for a variety of uses, including office, retail, and dining establishments, providing flexibility for future development. Constructed with high-quality materials, including copper gutters and windows, the architecture reflects Ridgway's unique history. The property's prime location in Ridgway, nestled amongst iconic 14,000-foot mountain peaks, offers significant long-term appreciation potential. Fifty percent ownership is also available. This is a rare chance to acquire a thriving commercial property in a rapidly appreciating market. The building's superior construction and prime location make it an ideal investment for discerning buyers seeking strong returns and future growth.

    Property Features for 257 Sherman St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,095 SF

    HighLights

    • $2,395,000 asking price for a mixed‑use property.
    • 9,095 square feet.
    • Located at 257 Sherman Street, Ridgway, CO 81432.
    • Currently leased to four tenants, generating positive cash flow.
    • Features over 28 parking spaces and potential for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    TheraTogs Manufacturer River Peak Dental Cosmetic Dentist Coldwell Banker Distinctive ... Real Estate Agency Ouray Brokers Serving ... Real Estate Agency Rainbow Accounting Services ... Accountant

    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
    State
    Colorado
    Longitude
    -107.7530266
    Latitude
    38.1518146

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, high cash flow, expansion potential.
    Where is this mixed-use property located?
    The property is located at 257 Sherman St Ridgway, CO.
    What is the asking price?
    The asking price for this property is $2,395,000.
    What are key features of this property?
    This property features: $2,395,000 asking price for a mixed-use property.; 9,095 square feet.; Located at 257 Sherman Street, Ridgway, CO 81432.
    Request Owner's contact information
    257 Sherman 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
    257 Sherman St Ridgway, CO 81432
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