257 Sherman StRidgway, CO 81432

Property Details for 257 Sherman St

Year built

2006

Lot size

0.51 AC

Property size (Sq ft)

3,136 SF

Property type

Retail properties

Property subtype

Retail space

APN

430516322002

APU

430516322002

Description

This exceptional mixed-use property in Ridgway, Colorado, presents a unique investment opportunity. Located at 257 Sherman Street, this 9,995 square foot building sits on a 0.51-acre lot at the strategic intersection of CO 550 and CO 62, offering unparalleled visibility and accessibility. Currently generating positive cash flow from four established tenants, this property is an ideal choice for investors seeking long-term capital appreciation. The building boasts over 28 parking spaces, a significant advantage in this vibrant town. Constructed with high-quality materials, including copper gutters and windows, the architecture reflects Ridgway's rich history. The current zoning allows for a variety of uses, including office, retail, and dining establishments, providing flexibility for future development and expansion. This offering represents a 50% ownership stake

• CAP approach

  CAP return

  Valuation

  6%

  $847,190

  6.5%

  $782,022

  7%

  $726,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,608,248

  Geo Method

  $652,923

• Alternative Use

  Use

  Valuation

  Residential

  $659,664

  Hospitality

  $604,249

  Educational

  $502,728

  Medical

  $520,018

  Retail

  $782,022

Location Insight

City

Ridgway

County

Ouray

State

Colorado

Latitude

38.1517

Longitude

-107.753

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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