257 Sherman St Ridgway, CO 81432-8722
This exceptional mixed-use property in Ridgway, Colorado, presents a unique investment opportunity. Located at 257 Sherman Street, this 9,995 square foot building sits on a 0.51-acre lot at the strategic intersection of CO 550 and CO 62, offering unparalleled visibility and accessibility. Currently generating positive cash flow from four established tenants, this property is an ideal choice for investors seeking long-term capital appreciation. The building boasts over 28 parking spaces, a significant advantage in this vibrant town. Constructed with high-quality materials, including copper gutters and windows, the architecture reflects Ridgway's rich history. The current zoning allows for a variety of uses, including office, retail, and dining establishments, providing flexibility for future development and expansion. This offering represents a 50% ownership stake
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.