TBD Sherman St Ridgway, CO 81432
Estimated payment $4,383/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 821170

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