About This Home

This 0-bedroom, 9-bathroom commercial at 185 N Lena Street in Ridgway, CO is listed for $8,750,000 ($652 per sqft). Built in 2024, the home offers 13,415 sqft of living space on a N/A lot.

Key Features

  • Built in 2024

Property Details

6 full, 3 half
2024
Listing Description

Colleen Aller, Keller Williams Realty Southwest Associates, LLC - Montrose,,,: 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 infrastru

cture.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 mu

ltiple 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.

Monthly Cost Estimate

$46,797/mo

20% down · 6.5% · 30 years

Principal$6,328
Interest$37,917
Insurance$2,552

Estimates only. Actual payments may vary.

Location

185 N Lena Street

Ridgway, CO 81432

Questions & Answers

This 0-bedroom, 9-bathroom commercial at 185 N Lena Street is listed at $8,750,000 ($652/sqft). The estimated monthly payment is $46,797 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2024.

This property is listed by Colleen Aller.

CA

Colleen Aller

Agent at Keller Williams Realty Southwest Associates

Listed by Keller Williams Realty Southwest Associates · Broker phone: (970) 247-3840 · View on Broker Site

MLS# 836359· Source: Colorado Real Estate Network Inc.· 6 days on PropertySimple

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

185 N Lena Street, Ridgway, CO 81432

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