$1,425,000
( )
 $7,650 est/mo Sourced by Back At You

631 Sherman Drive,Ridgway, CO 81432

Ridgway, CO 81432

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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!

Details

MLS #20251004
Listing TypeFor Sale
StyleBuilding
Sub-TypeResale
StatusActive
Days On Site9
Listing Provided ByUNITED COUNTRY SNEFFELS REALTY | TODD SCHROEDEL

Features

ZoningCommercial
Acreage0.16

Exterior

Lot FeaturesCorner Lot

Taxes

Tax Annual Amount8510.5

Area Information

StateCO
CountyOuray
CityRidgway
Zip Code81432
AreaRidgway
Listing VS Median (in 81432)
Price:
$1,425,000
low | high
Med:
$1,295,000
59.122807017544% of Average
On site:
9
low | high
Med:
23
39.130434782609% of Average
Sourced by Back At You

Market Activity 81432

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Additional Information


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Learn More About This Property

StateCO
CountyOuray
CityRidgway
Zip Code81432
AreaRidgway
Listing VS Median (in 81432)
Price:
$1,425,000
low | high
Med:
$1,295,000
59.122807017544% of Average
On site:
9
low | high
Med:
23
39.130434782609% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.068M - $1.781M
sqft: 0 - 0
Listing Updated: October 21, 2026 at 7:38:56 PM PDT
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