185 N Lena St - Retail FOR SALE


Ridgway, CO 81432
$11,500,000 USD
970-901-7018
185 N Lena St, Ridgway, CO for Sale
$11,500,000 USD
Retail - FOR SALE
1/65
null | Request Cap Rate

NEW


185 N Lena St
Ridgway, CO 81432


HIGHLIGHTS

  • Flexible Commercial Space – Greenhouse Condo B offers adaptable retail, studio, or office space suitable for a variety of tenants and business concept
  • Diverse Income Streams – Multiple revenue-generating components including retail, office, residential, restaurant, event, and hospitality uses.
  • Historic Meets Modern – Originally built in 1907 and comprehensively redeveloped in 2024, combining historic charm with modern construction, systems,
  • Iconic Downtown Ridgway Asset – Rare opportunity to acquire a landmark mixed-use property in the heart of Ridgway, Colorado.

OVERVIEW

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.?

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$383 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

Commercial

APN/PARCEL ID

430516247001

ASK ABOUT THIS PROPERTY

Colleen AllerKeller Williams Realty Southwest AssociatesMore Info
970-901-7018

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Colleen AllerKeller Williams Realty Southwest AssociatesMore Info
970-901-7018

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.