631 Sherman Street, Ridgway, CO 81432
631 Sherman Street, Ridgway, CO 81432
631 Sherman Street, Ridgway, CO 81432
631 Sherman Street, Ridgway, CO 81432
631 Sherman Street, Ridgway, CO 81432
631 Sherman Street, Ridgway, CO 81432
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Kelsey Loftis

Kelsey Loftis

+1(970) 784-6768
$ 949,000
Est. payment | /mo

2 Baths

2,315 SqFt

Save Virtual Tour
$ 949,000
Est. payment | /mo
Save Virtual Tour

2 Baths

2,315 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,315 sqft

Price per Sqft $409

MLS Listing ID 831831

Half Baths 2

Year Built 1993

Annual Tax Amount $3,495

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Multi-Use

Property Description

Investors, multi-family developers, and artists—this is your chance to own a versatile property in the heart of Ridgway, Colorado! Located in the Historic Business Zone, this property offers some of the most flexible zoning regulations in Western Colorado. Don't be misled by the term "Historic"—there are no architectural restrictions or requirements to preserve old structures. Instead, this zone provides expansive opportunities for mixed-use development, including commercial, residential, multi-family housing, retail, restaurants, and more. Key Features: Mixed-use zoning: Build residential units, art studios, galleries, restaurants, retail spaces, or professional offices all under one roof. 2315 sq. ft. single-level building: Currently divided into two separate spaces—a fabric arts gallery and workshop on the west end and an office supply store on the east end. 35-foot maximum building height: Ideal for expanding upward—imagine adding additional floors for stunning mountain views and increased revenue potential. Minimal setbacks: Take full advantage of the lot's footprint to maximize building space. Ample parking: Located on the north side of the lot, providing convenience for tenants, customers, or gallery visitors. This property, built in 1993, offers the chance to completely reimagine the space. Whether you're looking to create multi-family units, a thriving art gallery, or a combination of residential and commercial spaces, this property is ready for your vision. With high visibility and foot traffic in Ridgway's core, it's perfect for retail or dining establishments that cater to locals and tourists alike. For investors, the opportunity to expand is significant—an additional building lot on the west side (available separately) provides the possibility for more structures and parking, allowing you to scale your investment. The creative potential for this property is limitless, from artisan studios to boutique hotels, or a mix of residential lofts and commercial spaces. Unlock the potential of Ridgway's most desirable location. This Ouray County gem is a blank canvas for your next profitable venture. Don't miss out on this unique opportunity in this fast-growing Colorado mountain town.

Location

State CO

County Ouray

Interior

Furnishings Unfurnished

Exterior

Parking Features Off Street, 10-20 Total Spaces, In Rear of Building

Garage Spaces 15.0

Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Water

Roof Type Metal

Building

Story 1

Foundation Concrete, Crawl Space, Stemwall

Sewer Public Sewer Installed, Sewer Tap Paid

Water Public, Tap Installed Paid

New Construction No

Others

Virtual Tour https://app.videofizz.com/vid/Vj2BYVB8W5/embed?type=unbrand

Colorado Real Estate Network (CREN) + Sold
Listed by United Country Sneffels Realty

Nearby Locations

Kelsey Loftis

"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

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631 Sherman Street