Town Core Property with ADU for Sale in Ridgway, Colorado

Prime
Ridgway Town Core Property with ADU, Build Potential & Mountain Views

The Town of Ridgway, Colorado
continues to be one of the most sought-after markets in Southwest Colorado,
prized for its unmatched mountain scenery, walkable town core, and immediate
access to the world-class recreation of Ouray, Telluride, and Montrose.
This exceptional property sits at the intersection of lifestyle, investment
opportunity, and future development potential.

Located in the highly desirable Ridgway
Town Core, this property allows you to walk or bike to the Mountain
Market, local coffee shops, restaurants, parks, schools, and community events.
Buyers are drawn here not only for convenience, but for the authentic
small-town atmosphere that continues to drive demand and value.

The lot itself is a full-sized,
level parcel with expansive views of the Cimarron Range, alley
access, and all utilities available—a rare combination made possible by
Ridgway’s historic zoning established over a century ago. This zoning allows
for both a main residence and an accessory dwelling unit (ADU), making
the property especially appealing to builders, investors, and buyers seeking
flexible use.

The current owners strategically
began development with the guest home / ADU, positioning it at the rear
of the lot to preserve the ability to construct a future primary residence on
the front portion of the property. The ADU was intentionally designed for residential
living, live/work use, or income-producing applications.

The lower level offers a
highly functional layout, with approximately half of the space dedicated to a heated
and cooled garage. The remaining portion is fully roughed-in for a future
bathroom and includes alley access—ideal for additional residential space,
studio, office, soft commercial use, or storage. The design allows flexibility
for two garage bays, workshop space, or hybrid commercial-residential use.

Upstairs, the residential living
space is beautifully finished and filled with natural light. An interior
staircase leads to an open and airy upper level featuring a well-appointed
kitchen with quality cabinetry, wood and metal design accents, and knockout
mountain views to the east and south. A full bath serves the living area,
while the rear rooms are perfectly sized for bedrooms, offices, or creative
studio space.

The exterior blends wood, stucco,
and weathered metal, with intelligently designed overhangs and covered areas
tailored to Ridgway’s sun exposure and seasonal weather. Thoughtfully
placed fencing and concrete surfaces provide practical solutions for parking,
pets, storage, and low-maintenance living.

From an investment standpoint,
this property is eligible for both long-term and short-term rentals,
subject to Town of Ridgway guidelines. Even more compelling: there is no HOA
and no covenants, offering true freedom for future use and development.
Utilities and access for a future primary residence are already
engineered, making expansion straightforward and cost-efficient.

Whether you’re an investor
seeking rental income, a builder looking for a prime in-town lot, or
an outdoor enthusiast wanting a Ridgway base near hiking, jeeping,
climbing, skiing, and Telluride festivals, this property stands out as a rare
opportunity.

Enjoy it exactly as it is—or build
something truly special. Either way, this is a highly flexible Ridgway
property with lasting value in the heart of Southwest Colorado.

Schedule your showing today and
explore the possibilities.