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Kelsey Loftis

kelseyloftis@gmail.com +1(970) 784-6768

$ 695,000

Est. payment | -/mo

5,532 Sqft Lot

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$ 695,000

Est. payment | -/mo

Save Virtual Tour

5,532 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Town Of Ridgway

MLS Listing ID 831830

Annual Tax Amount $2,771

Tax Year 2025

Lot Size 5,532 Sqft

Acres 0.127

Property Sub-Type Residential

Property Description

Discover the pinnacle of investment opportunities with this exceptionally located parcel in the core of Ridgway. Spanning 5,557 square feet, this property offers unparalleled visibility, access, and development potential, making it a standout choice for discerning investors. Situated within the Historic Business Zone, this parcel is a prime candidate for mixed-use development, with zoning that allows for a substantial structure across up to three floors, including the potential for an additional rooftop patio. The flexibility is unmatched—there are virtually no setbacks, providing you with maximum buildable area. Access to the property is not only from Sherman Street, the main thoroughfare connecting Montrose and Telluride, but also from the alley and an adjacent commercial building parcel owned by the same seller. This dual access offers exceptional convenience and strategic value. Whether you envision a retail space, a professional office building, a boutique hotel, or a residential complex, this parcel offers the versatility to bring your vision to life. The zoning supports a variety of uses, including restaurants, breweries, distilleries, condominiums, townhomes, and even multi-unit residential developments such as duplexes or four-plexes. Additionally, nearby properties have successfully incorporated basement levels, adding even more potential for maximizing the space. This is more than just a parcel; it's an opportunity to invest in one of the most desirable locations in Downtown Ridgway. It's a rare find that aligns with your high standards and investment goals, offering a unique blend of location, flexibility, and potential returns. Take the next step towards realizing your Southwest Colorado dreams—explore this exceptional opportunity today. The commercial building and land on the corner is also for sale, giving you a total of 1/3 ac of Ouray County's most valuable property!

Location

State CO

County Ouray

Zoning Business,Commercial,Live/Work,Residential Multi Family,Residential Single Family

Rooms

Dining Room No

Exterior

Utilities Available Electricity, Electricity Near, Internet, Natural Gas, Natural Gas Near, Phone, Phone - Cell Reception, Phone - Landline, Phone Near

View Mountains, Valley

Building

Sewer Sewer Tap Available

Water Public, Tap Available

Schools

Elementary Schools Ridgway K-5

Middle Schools Ridgway 6-8

High Schools Ridgway 9-12

Others

Virtual Tour https://id.land/ranching/maps/469b664b0ba3bab1b096615b924aa3e4/share/unbranded

Colorado Real Estate Network (CREN) + Sold

Listed by United Country Sneffels Realty

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 784-6768

kelseyloftis@gmail.com

PO Box 7053 Gunnison, CO 81230

TBD 0.127 AC Sherman Street Ridgway, CO 81432

Kelsey Loftis

Key Details

Location

Rooms

Exterior

Building

Schools

Others

Nearby Locations

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TBD 0.127 AC Sherman Street