185 N Lena Street,Ridgway, CO 81432
Ridgway, CO 81432
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.
Details
| MLS # | 836359 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1907 |
| Days On Site | 77 |
| Listing Provided By | Keller Williams Realty Southwest Associates, LLC - Montrose | Colleen Aller |
Features
| Bath(s) | 9 Total |
|---|---|
| SQ Feet | 13,415 |
| Story(s) | 3 |
| Units | 4 |
| Zoning | Mixed Use |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Central Air |
| Heating Yes / No | Yes |
| Heating | Electric |
| Furnished | Unfurnished |
Exterior
| Roof | Other |
|---|---|
| Security Features | Security System |
| Foundation Details | Brick Mortar |
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Available, High Speed Internet Available, Other, Sewer Available |
|---|
Other
| List Aor | Montrose Association Of Realtors |
|---|
Taxes
| Property | 10857 |
|---|
Area Information
| State | CO |
|---|---|
| County | Ouray |
| City | Ridgway |
| Zip Code | 81432 |
| Area | Ridgway |
| Listing VS Median (in 81432) | |
Price: $8,750,000 low | high Med: $925,000 sqft: 13,415 low | high Med: 1,615 $ / sqft: $652 low | high Med: $573 On site: 77 low | high Med: 245 | |
Market Activity 81432
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Learn More About This Property
| State | CO |
|---|---|
| County | Ouray |
| City | Ridgway |
| Zip Code | 81432 |
| Area | Ridgway |
| Listing VS Median (in 81432) | |
Price: $8,750,000 low | high Med: $925,000 sqft: 13,415 low | high Med: 1,615 $ / sqft: $652 low | high Med: $573 On site: 77 low | high Med: 245 | |
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