257 Sherman Street
257 Sherman Street
$2,495,000
—
5
9,100
9,100
$274
Description
Seeking an investment opportunity in Southwest Colorado? This splendid Rio Grande Building is strategically positioned at the convergence of CO HWY 550 and CO HWY 62, nestled alongside the picturesque Uncompahgre River and adjacent to Rollin Park in downtown Ridgway. The property's current positive cash flow presents an attractive option for investors anticipating future appreciation. Notably, residential real estate in Ridgway experienced a staggering 70% appreciation within two years, while commercial...Seeking an investment opportunity in Southwest Colorado? This splendid Rio Grande Building is strategically positioned at the convergence of CO HWY 550 and CO HWY 62, nestled alongside the picturesque Uncompahgre River and adjacent to Rollin Park in downtown Ridgway. The property's current positive cash flow presents an attractive option for investors anticipating future appreciation. Notably, residential real estate in Ridgway experienced a staggering 70% appreciation within two years, while commercial real estate appreciated a fraction of that. Currently leased to four thriving businesses, this property offers versatility for the future. With over 28 parking spaces and potential expansion, the current zoning permits various uses, including office, retail, and dining establishments. Crafted with superior construction and premium materials such as copper gutters and windows, the architecture pays homage to Ridgway's rich history of mining, ranching and railroad heritage. Ridgway, CO, is nestled amidst some of the world's most iconic mountain peaks, including several 14'ers.
- Listed by Karen McCarthy • Coldwell Banker Distinctive Properties
Property Details for 257 Sherman Street
Water Front
Yes
ZoningCommercial
WaterfrontRiver/Stream
Location
LISTING UPDATED: 04/02/2024 10:21 AM
Property Details for 257 Sherman Street
Status | Active |
---|---|
MLS # | 811560 |
Days on Market | 72 |
Taxes | $44,982 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial / Multi-Use |
Year Built | 2006 |
Lot Size | 0.51 AC / 22,215 SF |
County | Ouray County |
Location
Building Information for 257 Sherman Street
Stories-Residences5Year Built2006Lot Size0.51 AC / 22,215 SF
Payment Calculator
$17,365 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 257 Sherman Street
Property History for 257 Sherman Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 257 Sherman Street
Taxable ValueLand$141,680Additions$568,480Total$710,160
Tax Record2023$44,982 ($3,749 / month)
Home Facts
Total Finished SqFt3,136 SqFtAbove Grade Finished SqFt3,136 SqFtLot Size22,346 SqFtStyleStoresYear Built2006CountyOURAYAPN430516322002
Schools near 257 Sherman Street
This home is within Ridgway R-2 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ridgway Elementary School PublicPK to 5 | ||
Ridgway Middle School Public6 to 8 | ||
Ridgway High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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