• 1 Bedrooms
  • 2 Bathrooms
  • 949.00 ac

Historic Ridgway Live Work Property with Lot Split Potential

$575,000
116 S Mary St, Ridgway, Colorado (Ouray County)

Property Description

Positioned along Ridgway’s highly visible Sherman Street Corridor –  the main
gateway connecting Ridgway to the world-famous mountain destination of
Telluride—this historic 1909 brick property presents a rare opportunity for
homeowners, investors, entrepreneurs, and professionals seeking a truly
flexible live/work property in the heart of Southwest Colorado. Rich with
character, history, and possibility, this iconic structure is one of only a
handful of original brick buildings remaining in Ridgway and offers a unique
blend of historic charm, commercial flexibility, and future development
potential that is increasingly difficult to find in today’s market.

For nearly 30 years, the property has served as the beloved home of the
Ridgway Church of Christ, creating a warm and welcoming atmosphere that is
immediately felt upon entry. Located within Ridgway’s desirable Business
Service Corridor zoning district, the property is ideally suited for a wide
range of residential, professional, and soft commercial uses. Whether you
envision a charming single-family residence, attorney’s office, medical or
wellness practice, psychologist’s office, real estate office, design studio,
boutique art gallery, creative workspace, counseling center, or live/work
business headquarters, this property offers exceptional flexibility in one of
the region’s most strategic locations.

Located along Ridgway’s highly visible Sherman Street Corridor—the main
route connecting Ridgway to Telluride—this historic 1909 brick property offers
an exceptional opportunity for homeowners, investors, entrepreneurs, and
professionals seeking a flexible live/work property in one of Southwest
Colorado’s most desirable mountain communities. Rich with history and
character, this rare structure is one of only a handful of original brick
buildings still standing in Ridgway and combines historic charm, commercial
flexibility, and future development potential in a truly unique setting.

For nearly 30 years, the property has served as the home of the Ridgway
Church of Christ. Located within Ridgway’s Business Service Corridor zoning
district, the property is ideal for a variety of residential, professional, or
soft commercial uses including a single-family residence, attorney’s office,
medical or wellness practice, psychologist’s office, real estate office, art
gallery, design studio, counseling center, or other professional workspace.

Inside, you’ll find original fir and oak hardwood flooring, exposed interior
brick accents, abundant natural light, and inviting spaces full of warmth and
authenticity. The main level includes a spacious living area, kitchen, bedroom,
and two bathrooms, while the enclosed rear sunroom-style space is surrounded by
windows and creates a bright, inspiring environment for living, working, or
meeting with clients. The basement provides valuable storage and convenient
utility access.

The investment potential is especially attractive. The parcel includes three
full Town lots plus a portion of the Sherman Street lot, totaling approximately
10,650 square feet and potentially allowing a split into two separate building
sites. Retain and renovate the historic structure while building on the second
lot, or potentially sell the additional parcel separately for added value. In a
market where buildable in-town Ridgway lots are increasingly scarce, this
flexibility creates outstanding long-term opportunity.

Sherman Street provides excellent visibility, easy access, and strong
exposure along Ridgway’s primary corridor toward Telluride. Whether you’re
seeking a historic Ridgway home, Telluride corridor investment property,
professional office, redevelopment project, or live/work opportunity, this
remarkable property delivers location, versatility, and character rarely found
in today’s market. Historic, spirit-filled, commercially flexible, and priced
to sell, this is one of Ridgway’s standout opportunities.

PROPERTY HIGHLIGHTS:

Historic 1909 brick charm Main gateway to Telluride Future development potential Home in Town
Flexible live/work zoning Original fir & oak floors Highly visible corridor Mountain Property
Prime Sherman St. location Three full town lots Country Homes

Address: 116 S Mary St
City:
Area:
State/County:
Zip: 81432-5041
Country: United States

Property Id: 1002400
Price: $575,000
Property Lot Size: 949.00 ac
Bedrooms: 1
Bathrooms: 2
County: Ouray County
Lot Size (AC): 949.00000
Year Built: N/A
Listing ID: 05056-835006
Office ID: 3246
Listing Address: 116 S Mary St, Ridgway, Colorado 81432-5041

Other Features
Airport
Appliance
Basement
Central Air
Community Activities
Cul de Sac
Deck
Energy Efficient
Fence
Finished Basement
Fireplace
Fireplace Location
Gated
Guest House
Gym/Fitness Center
Handicapped Accessible
Hospital
Hot tub
Large Kitchen
Maintenance Provided
Mineral Rights
New Appliances
Outbuildings
Park
Parking
Patio
Pool
Restaurants/Shopping
Room
School
Security System
Security System/Alarm
Sewer
Sprinkler System
Storage
Storm Shelter/Cellar
Tennis Court
View
Water Access
Water Rights
Wine Cellar

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

Todd Schroedel

Sneffels Realty LLC - Sneffels Realty Llc
Call Office(970) 626-3555
Call Mobile(970) 318-2160

Contact Me

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Todd Schroedel