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33840057
33840087

185 South Lena Street, Ridgway, CO 81432

CA
FA 100097828
Keller Williams Realty Southwest Associates, LLC
Listed by Keller Williams Realty Southwest Associates, LLC
$11,500,000
8 days on market
Updated 8 days ago

185 North Lena Street

Details
APN 430516247001
Property Type Office, Business for Sale (+1)
Sub Type Restaurant, Bar (+1)
Square Footage 13,415
Units 5
Tenancy Vacant
Lease Type Gross
Price per SqFt $857
Class A
Year Built 1907
Year Renovated 2024
Buildings 1
Stories 3
Zoning Mixed-Use
Ground Lease No
Ceiling Height 0
Ownership 0

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.

Listing Contacts

CA
FA 100097828
Keller Williams Realty Southwest Associates, LLC
Listed by Keller Williams Realty Southwest Associates, LLC

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Zoning

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HB CommercialSpecial CommercialHistoric Business District
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View all 75 uses
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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