For Sale
$875,000

220 Lena StRidgway, CO 81432

Historic Restaurant, Endless Potential

Overview

Added:
Feb 3
Days on market:
62
This exceptional 3,015 square foot commercial property at 220 S Lena Street, Ridgway, CO, presents a unique investment opportunity in a thriving market. Situated on a 0.25-acre lot in Ridgway's Historic Business Zone, this building boasts a rich history as a high-quality restaurant, dating back to the early 1990s. The property's zoning allows for a multitude of uses, including continuing its successful operation as a restaurant, or adapting it to accommodate a bakery, deli, office space, retail store, or even a small hotel. The versatility of this property is further enhanced by the inclusion of the adjacent lot to the south, adding significant potential for expansion or separate development. This additional land could seamlessly integrate into an existing business or be sold independently, maximizing the return on investment. The building's prime location within Ridgway's vibrant business district ensures high visibility and accessibility, making it an ideal choice for entrepreneurs seeking to capitalize on the town's growth and burgeoning tourism sector. This is a rare chance to acquire a well-established property with significant upside in a desirable Colorado location. The asking price is $875,000.

Property Details for 220 Lena St

Property type
Square Feet
3,015 SF
Year Built
1992
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Ridgway
County
Ouray County
State
Colorado
Latitude
38.15026
Longitude
-107.756
220 Lena St, Ridgway, Colorado

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220 Lena St
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