$800,000

140 & 150 Palamino Trail

Ridgway CO, 81432

Description

Excellent opportunity in Ridgway Colorado! Two buildings with courtyard area, ample off street parking on paved city streets. Mature landscaping with irrigation. Old west character with towering facades and rough hewn wood beam work, wood boardwalks. There are 4 leased spaces in the north building and two spaces in the south building one leased and one currently vacant. Perfect for the buyer wanting to move a business in and profit from existing leases on the other units. Vacant unit has wood floors, separate office space with its own entrance and a restroom inside. There are two, mens/womens, public restrooms outside accessed from the courtyard. Current tenants include two small restaurants, a smoke shop, legal office and massage therapist. Courtyard is perfect for more picnic tables to increase outdoor seating options. When fully rented this property can pay for itself and only has one vacancy currently. Bathrooms recently painted, and all units save the smallest have been remodeled and are in great condition. This is a great location in Ridgway, superb visibility without being right on the highway. Next door to the busy Conoco gas station. Great way to get a business going in the area! Seller considering splitting the buildings which are deeded separately. Building A fully leased with the option to purchase the sellers smoke shop/CBD business with purchase of the building. Terms negotiable. Building B has a ~924 sq ft vacant space with the other half of the building rented under a long term lease, approx 3 years remaining. Please contact agent for details on flexible buying plans with or without existing profitable business.

Details

MLS#768679
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1992
Days On Site180

Features

SQ Feet3,861
Story(s)1
Units6
ZoningCommercial Condos

Market Activity 81432

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Area Information
StateCO
CountyOuray
CityRidgway
Zip Code81432
AreaRidgway
Listing VS Median (in 81432)
Price:
$800,000
low | high
Med:
$190,000
100% of Average
SqFt:
3,861
low | high
Med:
0
100% of Average
$ / SqFt:
$207
low | high
Med:
$0
100% of Average
On Site:
180
low | high
Med:
9.5
100% of Average
Listing Updated: 10/20/2020
Brent Holm LogoMLS Number: 768679
Listing Provided By:
Brent Holm  of  The Rock Group Real Estate Professionals LLC

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