TBD 0.127 AC Sherman Street, Ridgway, CO 81432
Town of Ridgway · Ouray County
Key Facts
Description
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. The commercial building and land on the corner is also for sale, giving you a total of 1/3 ac of Ouray County's most valuable property!
Property Information
Property Type
Land
Lot Size
0.13 acres
Zoning
Business,Commercial,Resid
MLS® Listing#
831830
Property Features
Lot Features
Utilities
Water Source
Schools
- Elementary:
- Ridgway K-5
- Middle:
- Ridgway 6-8
- High:
- Ridgway 9-12
Financial Details
Annual Taxes
$2,771
Tax year 2025
Parcel Number
430516202004
Directions
Right in the middle of Downtown Ridgway--On Sherman Street-Next to Dragonfly, the Business Store and across from Taco Del Gnar.
Affordability Calculator
$139,000
Estimated monthly payment
$3,699/mo
Principal $556,000 · Est. interest $775,669 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ridgway, CO
- $1,000,000
- Median Listing Price
- 85
- Median Days on Market
- 2,269
- Median Sq Ft
- $502
- Median Price / Sq Ft
- 74
- Active Listings
- This home’s price is 31% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ridgway, CO.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| TBD Tract 7 Old Relay Road, Ridgway, CO | $498,000 | — | — | — |
| TBD Sherman Street, Ridgway, CO | $516,000 | — | — | — |
| 116 S Mary Street, Ridgway, CO | $575,000 | 1 | 2 | 949 |
| 199 Riverfront Lane 200, Ridgway, CO | $575,000 | 1 | 1 | 829 |
| 51 Red Fox Lane #B, Ridgway, CO | $579,000 | 2 | 2 | 1,177 |
| 156 Alpine Loop 201, Ridgway, CO | $595,000 | 2 | 2 | 1,094 |
Moving Cost Estimate
Listing Courtesy: United Country Sneffels Realty
FULL CREN Disclaimer
Real Estate listings held by companies other than United Country Sneffels Realty contain that company's name.
Fair Housing Disclaimer
Date Last Updated
.
Data Terms of Use
SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
“©COPYRIGHT (2017) by COLORADO REAL ESTATE NETWORK” 1519 E MAIN ST, STE 200 MONTROSE, CO 81401 USA ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).
PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
FAIR HOUSING DISCLAIMER
PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.