Premier Ridgway development opportunity located on Sherman Street / Highway 62 in the heart of town. This rare, cleared parcel is approximately 10,375 sq. ft. (73 X 142 frontage) and offers a range of potential residential development concepts, including single-family with ADU potential, townhome-style residences, condominium-style residences, or a multi-unit residential structure. The property's location also provides added flexibility under Ridgway's Downtown Service District framework, which is intended to allow residential use with compatible limited commercial or live/work possibilities while maintaining a residential character. The parcel size may also allow for subdivision into two qualifying residential lots, potentially creating the opportunity for two principal dwelling units with ADU potential. With its manageable size, attractive price point, central Ridgway location, strong street visibility, and flexible development potential, this property offers an appealing opportunity for a builder, developer, investor, or owner-user seeking to create value in the Ridgway market.
| MLS # | 837467 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 91 |
| Listing Provided By | United Country Sneffels Realty | Judi Snelling |
| Zoning | Business,Residential Multi Famil |
|---|---|
| Acreage | 0.25 |
| Property View | Yes |
| Lot Features | Cleared, Corner Lot, Level |
|---|
| Utilities | Electricity Available, Fiber Optic Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|
| List Aor | Montrose Association Of Realtors |
|---|
| Property | 5487 |
|---|
| State | CO |
|---|---|
| County | Ouray |
| City | Ridgway |
| Zip Code | 81432 |
| Area | Ridgway |
| Community Name | Other |
| School District | Ridgway 9-12 |
| Elementary School | Ridgway K-5 |
| High School | Ridgway 9-12 |
| Listing VS Median (in Other) | |
Price: $375,000 low | high Med: $555,000 On site: 91 low | high Med: 8 | |
| State | CO |
|---|---|
| County | Ouray |
| City | Ridgway |
| Zip Code | 81432 |
| Area | Ridgway |
| Community Name | Other |
| School District | Ridgway 9-12 |
| Elementary School | Ridgway K-5 |
| High School | Ridgway 9-12 |
| Listing VS Median (in Other) | |
Price: $375,000 low | high Med: $555,000 On site: 91 low | high Med: 8 | |