220 S Lena St Ridgway, CO 81432
Property profile & analytics
220 S Lena St Ridgway, CO 81432
- Commercial real estate
- 3,225 SF
- 0.16 lot acres
Property ID
US13-1734552
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bella Vino / Restaurant
Property Details for 220 S Lena St
- Year built
- 1995
- Lot size
- 0.16 lot acres
- Property size
- 3,225 SF
- Property type
- Commercial real estate
- APN
- 430516309006
- APU
- 430516309006
Description
This exceptional 3,015 square foot commercial property at 220 S Lena Street, Ridgway, CO, presents a unique investment opportunity in a thriving market. Situated on a 0.25-acre lot in Ridgway's Historic Business Zone, this building boasts a rich history as a high-quality restaurant, dating back to the early 1990s. The property's zoning allows for a multitude of uses, including continuing its successful operation as a restaurant, or adapting it to accommodate a bakery, deli, office space, retail store, or even a small hotel. The versatility of this property is further enhanced by the inclusion of the adjacent lot to the south, adding significant potential for expansion or separate development. This additional land could seamlessly integrate into an existing business or be sold independently, maximizing the return on investment. The building's prime location within Ridgway's vibrant business district ensures high visibility and accessibility, making it an ideal choice for entrepreneurs seeking to capitalize on the town's growth and burgeoning tourism sector. This is a rare chance to acquire a well-established property with significant upside in a desirable Colorado location. The asking price is $875,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $740,000
- ML approach
- $755,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $648,000
Market price range: $195k - $741k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $495,000 Current use
- OFFICE BUILDING
- $1,065,000 Change: +116% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ridgway
- County
- Ouray
- State
- Colorado
- Longitude
- -107.756
- Latitude
- 38.1503
- CBSA code
- 33940
- CBSA name
- MONTROSE, CO MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,142
$40,830
$239,900
$280,730
-
$158,510
$962,510
$1,121,020
