112 Village SqRidgway, CO 81432

Property Details for 112 Village Sq

Year built

1991

Property size (Sq ft)

1,858 SF

Property type

Office properties

Property subtype

Other office properties

APN

430516413001

APU

430516413001

Description

This exceptional 1,858-square-foot office/retail space is ideally situated at 112 Village Square West, Unit 100, in the vibrant town of Ridgway, Colorado. Currently occupied under a month-to-month lease, this ground-floor property presents a unique investment opportunity. The space offers ample room for a variety of business uses, benefiting from its high-traffic location within Village Square West. Included in the sale is access to shared amenities, providing convenience and functionality for occupants and their clients. These shared amenities encompass four bathrooms and a well-equipped kitchen, enhancing the overall usability of the space. The property sits on a one-acre lot, offering potential for future expansion or development, subject to local zoning regulations. The asking price of $790,000 reflects the prime location, substantial square footage, and the potential for immediate occupancy or lease renegotiation. This property is an excellent choice for businesses seeking a prominent presence in the thriving Ridgway market. Serious inquiries are encouraged to explore this exceptional opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $341,455

  6.5%

  $315,189

  7%

  $292,676

• Comparable approach

  Method

  Valuation

  Relative Method

  $378,113

  Geo Method

  $153,508

• Alternative Use

  Use

  Valuation

  Residential

  $390,834

  Hospitality

  $358,002

  Educational

  $297,854

  Medical

  $308,097

  Retail

  $463,328

Location Insight

City

Ridgway

County

Ouray

State

Colorado

Latitude

38.1523

Longitude

-107.749

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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