• 0.33 ac
  • 2,315.00 ft2

Prime Investment Opportunity: Ridgway Historic Business District

$1,425,000
631 Sherman St., Ridgway, Colorado (Ouray County)

Property Description

Exceptional Commercial Investment & Development Opportunity in Downtown Ridgway, Colorado!

Discover the remarkable flexibility of Ridgway’s Historic Business Zone, offering some of the most desirable mixed-use development opportunities in Southwest Colorado. Located in the heart of Ridgway’s thriving Town Core, this 2,315-square-foot, single-level commercial building offers outstanding visibility, pedestrian traffic, convenient parking, and exceptional potential for retail, restaurants, professional offices, galleries, residential conversion, or mixed-use redevelopment.

Constructed in 1993, the building has a successful history of retail use, including an antique store, upscale furniture showroom, specialty shops, and offices. Currently configured into three distinct commercial spaces, it accommodates a popular T-shirt and souvenir shop, a fine fabric arts gallery and workshop, and an office supply business. Continue its established commercial uses or reimagine the property to suit your investment or business vision.

Ridgway’s flexible Historic Business zoning offers exciting possibilities for commercial, residential, and multifamily uses, with a maximum building height of 35 feet and minimal side setbacks. Consider expanding the existing structure, adding upper-level residential or commercial space, or pursuing an entirely new development concept, subject to Town approval. Covered porches provide beautiful mountain scenery, while potential upper levels could capture spectacular San Juan Mountain views.

An additional separate building lot to the west is included, creating opportunities for further development, expanded parking, or potential resale. With its strategic downtown location, versatile zoning, and proximity to Ouray, Telluride, and Montrose, this property presents an exceptional opportunity for entrepreneurs, investors, developers, and businesses serving Southwest Colorado.

Own a prime piece of downtown Ridgway commercial real estate and bring your vision to life!

PROPERTY HIGHLIGHTS:

Historic Ridgway Asset Top District Investment Prime District Deal Investment & Income
Prime Ridgway Business Rare Ridgway Opportunity Ridgway Investment Gem
Ridgway Historic Hub Historic Business Buy Commercial Property

Address: 631 Sherman St.
City:
Area:
State/County:
Zip: 81432
Country: United States

Property Id: 722365
Price: $1,425,000
Property Size: 2,315.00 ft2
Property Lot Size: 0.33 ac
County: Ouray County
Lot Size (AC): 0.33000
Year Built: N/A
Listing ID: 05056-81896
Office ID: 3246
Listing Address: 631 Sherman St., Ridgway, Colorado 81432

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

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Todd Schroedel