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$ 1,900,000
Est. payment | /mo
4.47 Acres Lot
$ 1,900,000
Est. payment | /mo
4.47 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 832043
Annual Tax Amount $46,536
Tax Year 2023
Lot Size 4.468 Acres
Acres 4.468
Property Sub-Type Commercial
Property Description
Premier Development Opportunity – Ideal for Multifamily or Mixed-Use in Ridgway Positioned in a highly desirable location, this 4.468-acre parcel—currently zoned Historic Business—offers exceptional potential for investors and developers seeking a multifamily or mixed-use project. With strong demand for housing and thoughtfully planned development in the area, this property presents a compelling opportunity to bring a new residential or integrated live/work concept to market. Formerly planned as the Alpenglow Cohousing community, the site has already benefited from preliminary planning efforts. Development density and allowable uses will be determined in collaboration with the Town of Ridgway Planning Department, based on the buyer's vision and formal proposal—allowing flexibility to maximize the site's potential. The Cohousing development group decided to not move forward with their project as many of their members found it to no longer be feasible for the project. Valuable data and materials compiled during the previous development process will be made available during the due diligence period, offering meaningful insights and potential cost and time savings for future planning. An outstanding opportunity for developers looking to create a distinctive multifamily, workforce housing, or mixed-use project in one of Western Colorado's most sought-after communities.
Location
State CO
County Ouray
Zoning Commercial
Rooms
Dining Room No
Exterior
Utilities Available Electricity Near, Natural Gas Near
Waterfront Description River/Stream
View Mountains
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
Listed by Keller Williams Realty Southwest Associates, LLC - Montrose
Nearby Locations
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