Rio Grande Building Investment
For Sale
Contact for pricing
257 Sherman Street, Ridgway, CO 81432
Investment property with positive cash flow in Ridgway, Colorado.
Property Size9,095 SF
Price / SF$104.45
Days on Market892
Property Features for 257 Sherman Street
General Information
Standard status
Active
Size
9,095 SF
Total Parking Spaces
26
Property subtype
Mixed Use
Zoning
Multi Use
Investment Type
Institutional
Building Details
Year Built
2006
Buildings
1
Units
26
Tenancy
Multi
Listing Agency:
Coldwell Banker Distinctive Properties Telluride
(970) 728-4454
Listed By:
Karen McCarthy · License #FA.100069976
Source:
Crexi
Added: Mar 14, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:49AM
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 Coldwell Banker Distinctive Properties Telluride
Investment Insights
Based on property information with market context.
This investment opportunity in Southwest Colorado offers possible partial owner financing. The Rio Grande Building is strategically positioned at the convergence of CO 550 and CO 62, nestled alongside the river. Currently leased to four thriving businesses, this property's positive cash flow presents an attractive option for investors anticipating future appreciation for long-term capital gains. The property has over 28 parking spaces and potential expansion opportunities. The current zoning permits various uses, including office, retail, and dining. Crafted with superior construction and premium materials such as copper gutters and windows, the architecture pays homage to Ridgway's rich history of mining, ranching and railroad heritage. The building has a size of 9095 square feet. Ridgway, CO, is nestled amidst some of the world's most iconic 14,000 mountain peaks.
Key Highlights
- Strategic location at the intersection of CO 550 and CO 62, next to the river.
- Currently leased to four thriving businesses, providing positive cash flow.
- Investment opportunity with possible partial owner financing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
434
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?
Mixed-use property - Investment property with positive cash flow in Ridgway, Colorado.
Where is this mixed-use property located?
The property is located at 257 Sherman Street Ridgway, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Strategic location at the intersection of CO 550 and CO 62, next to the river.; Currently leased to four thriving businesses, providing positive cash flow.; Investment opportunity with possible partial owner financing.
