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$11,500,000
Est. payment /mo
9 Baths
13,415 SqFt
New
185 N Lena Street Ridgway, CO 81432
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Key Details
Property Type Commercial
Sub Type Multi-Use w/Res
Listing Status Active
Purchase Type For Sale
Square Footage 13,415 sqft
Price per Sqft $857
MLS Listing ID 836359
Full Baths 6
Half Baths 3
Year Built 1907
Annual Tax Amount $10,857
Tax Year 2025
Property Sub-Type Multi-Use w/Res
Property Description
The Old Firehouse presents a rare opportunity to acquire an iconic mixed-use investment property in the heart of Ridgway. Originally built in 1907 and extensively redeveloped in 2024, this landmark property blends historic character with modern construction and infrastructure. The offering includes a diverse mix of commercial, office, residential, and hospitality components. Greenhouse Condo B provides flexible retail, studio, or office space, while Condo C offers stable income through an established office tenant. Condo D consists of four deed-restricted residential units with strong workforce housing demand and future upside potential. Condo E, the Penthouse, is an unfinished luxury residence featuring a private rooftop balcony, indoor/outdoor fireplace, and panoramic views of the San Juan and Cimarron Mountains. Also included is a fully built-out restaurant and event venue featuring a state-of-the-art commercial kitchen, handcrafted bar, integrated AV systems, and flexible indoor/outdoor seating. The space is turnkey and ready for a new hospitality concept. Located within walking distance of Ridgway's restaurants, shops, parks, and community amenities, the Old Firehouse benefits from strong regional demand driven by tourism, recreation, and growth throughout Ridgway, Ouray, Telluride, and the surrounding San Juan Mountain region. Combining multiple income streams, redevelopment quality, and a highly visible downtown location, the Old Firehouse is a one-of-a-kind investment and legacy asset in one of Colorado's most desirable mountain communities.
Location
State CO
County Ouray
Interior
Heating Electric
Cooling Central A/C
Flooring Other
Furnishings Unfurnished
Exterior
Parking Features On Street
Utilities Available Electric, Internet, Natural Gas, Other, Sanitary Sewer
Roof Type Other
Building
Story 3
Foundation Brick
Sewer Public Sewer Installed
Water Public
New Construction No
Listed by Keller Williams Realty Southwest Associates, LLC - Montrose
NEARBY SCHOOL & BUSINESS
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