400 Palomino Trail, Ridgway, CO 81432
Local realty services provided by:CENTURY 21 CapRock Real Estate
Listed by: todd schroedel
Office: united country sneffels realty
MLS#:832733
Source:CO_CREN
Price summary
- Price:$1,025,000
- Price per sq. ft.:$525.1
About this home
Unique Multi-Use Property in Ridgway – Prime Commercial & Residential Opportunity in recently constructed building! Seize this rare opportunity to own one of Ridgway’s most versatile and intelligently designed properties! This exceptional Residential/Commercial/Multi-Use building is a testament to thoughtful planning, blending contemporary residential features with Western Victorian charm. Whether you're an entrepreneur, investor, or someone seeking a live/work space in the Ridgway, Ouray and Telluride area, this property offers unparalleled flexibility. Maximize Income Potential with Smart Zoning Strategically built within Ridgway’s General Commercial zoning, this property is currently configured as two distinct residential and commercial units: Lower Level: A commercial space that allows for short-term rentals (up to 29 days) or a variety of business uses, including retail, office space, professional services, breweries, art or antique galleries, or even light manufacturing. Upper Level: A beautifully finished residential unit, ideal for long-term living or short-term vacation rentals (VRBO/Airbnb) under a Ridgway short-term rental license. With this dual-purpose setup, you can generate rental income from both floors or utilize one as a residence while running a business from the other—a rare find in Ridgway! Designed for Efficiency & Timeless Appeal This custom-built flexible property blends perfectly into the vibrant Ridgway community while offering: High-quality materials & craftsmanship, covered parking & dual entrances for convenience, expansive porches & decks designed for privacy and stunning views, landscaped grounds with mature trees & perennials, state-of-the-art heat pump system for efficient heating, cooling, and air filtration. With an impressive building footprint and room to expand, this property presents a prime opportunity for growth. Add another rental unit, increase commercial capacity, or reconfigure the space to match your unique vision—all while maintaining ample off-street parking and accessibility. Located at the very eastern edge of Ridgway, just a quick walk to the center of Town, and just minutes from Ouray’s hot springs and Telluride’s world-class skiing, this property places you in one of Colorado’s most sought-after areas for both tourism and year-round living. Whether you dream of running a business, investing in Ridgway’s thriving market, or creating the ultimate live/work space, this multi-use property offers unmatched potential. Schedule a showing today and start building your future in Ridgway, Telluride, and Ouray!...
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Home facts
- Year built:2006
- Listing ID #:832733
- Added:74 day(s) ago
- Updated:June 03, 2026 at 02:14 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:1
- Kitchen Description:Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Living area:1,952 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Heat Pump
Structure and exterior
- Roof:Metal
- Year built:2006
- Building area:1,952 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Boundaries Surveyed, Foothills, Golf Course Near
- Construction Materials:Cedar
- Exterior Features:Deck, Irrigation Water, Landscaping, Lawn Sprinklers
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Ridgway 9-12
- Middle school:Ridgway 6-8
- Elementary school:Ridgway K-5
Utilities
- Water:City Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,025,000
- Price per sq. ft.:$525.1
- Tax amount:$2,613
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:All Furnishings, Double Pane Windows, Electric Water Heater, Electricity, Furnished, Internet - DSL, Low Emittance Windows, Natural Gas, Phone - Cell Reception, Phone - Landline, Window Coverings
Parking
- Carport spaces:10
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