$1,425,000
( $615.55Per Sq Foot )
 $7,650 est/mo Sourced by Back At You

631 Sherman Street,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 #839807
Listing TypeFor Sale
StyleMixeduse
Building NameSouthwest Spirit Building
Sub-TypeResale
StatusActive
Year1993
Days On Site8
Listing Provided ByUnited Country Sneffels Realty | Todd Schroedel

Features

Bath(s) 2 Total
SQ Feet2,315
Story(s)1
Units3
ZoningMixed Use
Acreage0.31

Interior

Heating Yes / NoYes
HeatingNatural Gas
FurnishedUnfurnished

Exterior

RoofMetal
Lot FeaturesCorner Lot, Corners Marked

Parking

Parking FeaturesCommon, Gravel, Off Street, Parking Spaces, Rear Side Off Street

Utilities

UtilitiesElectricity Connected, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Water Connected

Other

List AorMontrose Association Of Realtors

Area Information

StateCO
CountyOuray
CityRidgway
Zip Code81432
AreaRidgway
Listing VS Median (in 81432)
Price:
$1,425,000
low | high
Med:
$957,500
82.80701754386% of Average
sqft:
2,315
low | high
Med:
5,575
90.799136069114% of Average
$ / sqft:
$616
low | high
Med:
$466
74.354787004618% of Average
On site:
8
low | high
Med:
98
8.163265306122% of Average
Sourced by Back At You

Market Activity 81432

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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:
$957,500
82.80701754386% of Average
sqft:
2,315
low | high
Med:
5,575
90.799136069114% of Average
$ / sqft:
$616
low | high
Med:
$466
74.354787004618% of Average
On site:
8
low | high
Med:
98
8.163265306122% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.068M - $1.781M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
185 N Lena Street Property Photo 1
$1,599,000
185 N Lena Street
Ridgway, CO 81432
Listing Updated: October 21, 2026 at 7:37:25 PM PDT
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