

185 North Lena Street
Historic character meets modern investment performance in this mixed-use legacy asset
Marketing 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.
Investment highlights
Iconic Downtown Ridgway Asset – Rare opportunity to acquire a landmark mixed-use property in the heart of Ridgway, Colorado.
Historic Meets Modern – Originally built in 1907 and comprehensively redeveloped in 2024, combining historic charm with modern construction, systems, and infrastructure.
Diverse Income Streams – Multiple revenue-generating components including retail, office, residential, restaurant, event, and hospitality uses.
Flexible Commercial Space – Greenhouse Condo B offers adaptable retail, studio, or office space suitable for a variety of tenants and business concepts.
Stable Office Income – Condo C is occupied by an established office tenant, providing dependable cash flow.
Workforce Housing Component – Condo D includes four deed-restricted residential units benefiting from strong local workforce housing demand and long-term appreciation potential.
Luxury Penthouse Opportunity – Condo E features an unfinished penthouse residence with a private rooftop balcony, indoor/outdoor fireplace, and panoramic San Juan and Cimarron Mountain views.
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