Commercial Property for Sale in Ridgway, Colorado

631 Sherman St., Ridgway, Colorado, 81432

Photos

* FOR SALE

$1,025,000

MLS: 05056-81896

0.16 Acres

2,315 SqFt

What You Should Know

  • Ridgway, Colorado for Sale

  • For Sale Ridgway, Colorado

  • Commercial Property Ridgway CO

  • Ridgeway CO Commercial Propert

  • Ouray Co, CO Property for Sale

  • Property for Sale Ouray Co, CO

  • Commercial Prop Ouray Co, CO

  • Ouray Co, CO Commercial Prop

Why You'll Love It

Investor opportunity for Sale in Ouray County, CO

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.

Living in Ridgway, Colorado

Living in Ridgway, Colorado, offers a serene and adventurous lifestyle. Nestled amidst the stunning San Juan Mountains, this charming town provides easy access to world-class outdoor recreation, including hiking, biking, skiing, and fishing. The tight-knit community fosters a warm and welcoming atmosphere, with friendly locals and a variety of local shops and restaurants. Ridgway's slower pace of life and stunning natural beauty make it an ideal place for those seeking a peaceful retreat or an active outdoor lifestyle.

Contact Todd Schroedel at (970) 318-2160 to schedule a showing!

Where You'll Find It

  • Street Address: 631 Sherman St.
  • City: Ridgway
  • State: Colorado
  • County: Ouray

Video Tour

Todd Schroedel

Owner/Broker
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