$795,000
$25K PRICE DROP

TBD Sherman St Ridgway, CO 81432

Estimated payment $4,383/month

Total Views 368
0.13 Acre
$6,259,843 Price per Acre
5,532 Sq Ft Lot

Highlights

  • Ski Accessible
  • Mountain View
  • Property is near a golf course
  • Ridgway Elementary School Rated A-
  • Foothills
  • 3-minute walk to Ridgway Town Park

About This Lot

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.

Listing Agent

Todd Schroedel

United Country Sneffels Realty Listed on: 02/12/2025

United Country Sneffels Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,214

Lot Details

  • 5,532 Sq Ft Lot
  • Lot Dimensions are 58.5x95
  • Split Rail Fence
  • Level Lot
  • Property is zoned Business, Commercial, Residential Multi Family, Live/Work

Property Views

  • Mountain
  • Valley

Location

  • Property is near a golf course

Schools

  • Ridgway K-5 Elementary School
  • Ridgway 6-8 Middle School
  • Ridgway 9-12 High School

Utilities

  • Internet Available
  • Phone Available

Listing and Financial Details

  • Security Deposit $25,000
  • Assessor Parcel Number 430516202004

Community Details

Overview

  • Town Of Ridgway Subdivision
  • Foothills

Recreation

  • Ski Accessible

Property Details

Property Type

Land

Est. Annual Taxes

$2,214

Lot Details

0

Listing Details

  • Class: Land
  • Elevation: 7200
  • Em Holder: Land Title Ridgway
  • Fronts: Sherman
  • Legal Lot Block: Subd: TOWN OF RIDGWAY Lot: 4 Block: 27 Subd: TOWN OF RIDGWAY Lot: 5 Block: 27 S: 16 T: 45 R: 8 SOUTH 95 FEET
  • Lot Dimension: 58.5x95
  • Lot Size Acreage: 0-.25 Acres
  • Parcel Id Number: 430516202004
  • Property Description: Golf Course Near, Foothills, Boundaries Surveyed, Skier Access
  • Street Descriptionaccess: State Highway, City/Town, Paved, 50'-75' Frontage, Public Winter Maintenance
  • Street Designation: Street
  • Zoning: Business, Commercial, Residential Multi Family, Residential Single Family, Live/Work
  • Domestic Sewer: Sewer Tap Available
  • Domestic Water: Tap Available, Public
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Total Acres: 0.127
  • Current Property Use: Residential Single Family, Commercial
  • Em Deposit: 25,000.00
  • Possible Property Use: Commercial, Residential Single Family, Mountain Recreation, Recreation, Skier Access
  • Mineral Rights: Unknown
  • Price Acre: 6259842.52
  • Topography: Level
  • Price per Sq Ft: 143.71
  • Sewer Tap Avail: Yes
  • Water Tap Available: Yes
  • Total Taxes Dollar: 2214.40
  • Prop Description Remarks: 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.
  • Subdv Name: Town of Ridgway
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Fence: Split Rail
  • Views: Mountains, Valley

Utilities

  • Utilities: Phone - Landline, Phone - Cell Reception, Electricity, Electricity Near, Natural Gas, Natural Gas Near, Internet, Phone Near, Phone
  • Electric Supplier: San Miguel Power Association
  • Gas Supplier: Black Hills Energy
  • Water Supplier: Town Of Ridgway

Schools

  • Elementary School: Ridgway K-5
  • Middle School: Ridgway 6-8
  • High School: Ridgway 9-12
  • High School: Ridgway 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Ridgway K-5
  • Middle School: Ridgway 6-8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2025 02/17/25 Price Changed $795,000 -3.0% --
02/12/2025 02/12/25 For Sale $820,000 -- --
Source: Colorado Real Estate Network (CREN)

Source: Colorado Real Estate Network (CREN)

MLS Number: 821170

Colorado Real Estate Network (CREN)