257 Sherman Street

Ridgway, CO 81432

$1,100,000
Price
—
Beds
5
1/2 Baths
9,995 Sq. Ft.
$110 / Sq. Ft.
9,995
Sq. Ft.
$110
per Sq. Ft.
a front view of a house with parking space
a front view of a house with large windows
a front view of a house
a view of a outdoor space
a front view of a house with garden
a front view of a house with a yard
a front view of a house with parking area
front view of a house with a small yard
a view of a entryway door of the house
a potted plant sitting in front of a building
a view of a porch
a view of entryway with wooden floor
a living room with furniture a rug and a flat screen tv
a bathroom with a sink mirror and vanity
a view of a workspace with furniture and a window
a room with wooden floor and windows
a view of a workspace with a window
a view of a dining room with furniture and wooden floor
a living room with furniture and a large window
a bathroom with a sink mirror and vanity

Description

This is a 50% ownership opportunity. The entire building is also for sale for $2,395,000—see mls#: 81156. This is an investment opportunity in Southwest Colorado. This splendid Rio Grande Building is strategically positioned at the convergence of CO 550 and CO 62, nestled alongside the river. Currently leased to four thriving businesses, this property's positive cash flow presents an attractive option for investors anticipating future appreciation for long-term capital gains. With over 28 parking...This is a 50% ownership opportunity. The entire building is also for sale for $2,395,000—see mls#: 81156. This is an investment opportunity in Southwest Colorado. This splendid Rio Grande Building is strategically positioned at the convergence of CO 550 and CO 62, nestled alongside the river. Currently leased to four thriving businesses, this property's positive cash flow presents an attractive option for investors anticipating future appreciation for long-term capital gains. With over 28 parking spaces and potential expansion opportunities, the current zoning permits various uses, including office, retail, and dining. 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 14,000 mountain peaks.
  1. Listed by Karen McCarthy • Coldwell Banker Distinctive Properties

Property Details for 257 Sherman Street

Water Front
Yes
Waterfront
River/Stream
LISTING UPDATED: 11/23/2024 12:38 AM

Property Details for 257 Sherman Street

StatusActive
MLS #819489
Days on Market44
Taxes$44,982 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use
Year Built2006
Lot Size0.51 AC / 22,215 SF
CountyOuray County

Building Information for 257 Sherman Street

Stories-Residences5Year Built2006Lot Size0.51 AC / 22,215 SF

Property Information for 257 Sherman Street

Summary
Location and General Information
  • Directions: At the convergence of CO HWY 550 and CO HWY 62, turn west on Sherman Street / CO HWY 62. Travel .2 miles. The Rio Grand Building is on the left.
Owner
  • Owner Name: Hawk
Parking
  • Carport Y/N: No
Taxes and HOA Information
  • Tax Year: 2024
  • Total Taxes $: 44982.24
Property
Property and Assessments
  • FIPS Code: 08091
  • Legal/Lot Block: 50% Ownership of COLBY MINOR SUBDIVISION Lot: 2 S: 16 T: 45 R: 8
  • Photo Count: 22
  • New Construction Y/N: No
  • Covenants Y/N: NO
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Mixed Use
  • Possible Property Use: Bar/Lounge, Convenience Store, General Office, Mixed-Use, Office Warehouse, Professional/Medical, Restaurant, Retail Storefront, Showroom
  • Lot Dimension: .51 acre
  • Parcel ID #: 4.30516322002E11
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Century Link
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 5
Interior and Exterior Features
Room Information
  • 1/2 Baths: 5
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 5.00
Interior Features
  • Furnished: Unfurnished
Rental
Rental Information
  • CAM Y/N: No

Property History for 257 Sherman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Ridgway Elementary School
Public - PK to 5
Ridgway Middle School
Public - 6 to 8
Ridgway High School
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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More information about 257 Sherman Street, Ridgway, CO 81432

257 Sherman Street is a mixed use property for sale in Ridgway, CO 81432. This property was listed for sale on November 19, 2024 by Coldwell Banker Distinctive Properties, it's currently listed at $1,100,000. It has been on the market for a total of 44 days and was last sold on June 12, 2015. This listing's school district is Ridgway R-2 School District. Nearby schools include Ridgway Elementary School, Ridgway Middle School and Ridgway High School. 257 Sherman Street is a 0-bed, 2.5-bath, 9,995 sqft mixed use property built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Distinctive Properties, Karen McCarthy

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.