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400 Palomino Trail #101 and #201, Ridgway, CO 81432

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For Sale

$1,125,000

3 beds2 baths1,952 sqft

Estimated Payment

$      /mo.

APR for 30 years

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  • Single Family Detached
    Property type

  • $576.33
    Price per square foot

Explore this Property

Todd R Schroedel, United Country Sneffels Realty, C: 970-318-2160, todd@sneffelsrealty.com, http://www.toddssneffelsrealty.com: Unique Multi-Use Property in Ridgway Prime Commercial & Residential OpportunitySeize this rare opportunity to own one of Ridgway s most versatile and intelligently designed properties! This exceptional General Commercial/Multi-Use building is a testament to thoughtful planning, blending Old West charm with modern efficiency. 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 ZoningStrategically built within Ridgway s General Commercial zoning, this property is currently configured as two distinct residential and commercial rental 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 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 AppealBuilt with a classic "Old West" aesthetic, this property blends seamlessly 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!
MLS# 821642

Courtesy Of United Country Sneffels Realty

(970) 626-3555

Property Features

  • Architecture Style
    Stick
  • Lot Size
    0.23 Acres

Home seller CENTURY 21 Elevated Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Elevated Real Estate

(970) 249-7653
Learn More About Us

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