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400 Palomino Trl, Ridgway
$965,000
3 Beds ⋅ 2 Baths ⋅ 832733 MLS
Unique Multi-Use Property in Ridgway – Prime Commercial & Residential Opportunity in recently constructed building! Seize this rare opportunity to own one of Ridgway’s most versatile and intelligently designed properties! This exceptional Residential/Commercial/Multi-Use building is a testament to thoughtful planning, blending contemporary residential features with Western Victorian charm. Whether you're an entrepreneur, investor, or someone seeking a live/work space in the Ridgway, Ouray and Telluride area, this property offers unparalleled flexibility. Maximize Income Potential with Smart Zoning Strategically built within Ridgway’s General Commercial zoning, this property is currently configured as two distinct residential and commercial units: Lower Level: A commercial space that allows for short-term rentals (up to 29 days) or a variety of business uses, including retail, office space, professional services, breweries, art or antique galleries, or even light manufacturing. Upper Level: A beautifully finished residential unit, ideal for long-term living or short-term vacation rentals (VRBO/Airbnb) under a Ridgway short-term rental license. With this dual-purpose setup, you can generate rental income from both floors or utilize one as a residence while running a business from the other—a rare find in Ridgway! Designed for Efficiency & Timeless Appeal This custom-built flexible property blends perfectly into the vibrant Ridgway community while offering: High-quality materials & craftsmanship, covered parking & dual entrances for convenience, expansive porches & decks designed for privacy and stunning views, landscaped grounds with mature trees & perennials, state-of-the-art heat pump system for efficient heating, cooling, and air filtration. With an impressive building footprint and room to expand, this property presents a prime opportunity for growth. Add another rental unit, increase commercial capacity, or reconfigure the space to match your unique vision—all while maintaining ample off-street parking and accessibility. Located at the very eastern edge of Ridgway, just a quick walk to the center of Town, and just minutes from Ouray’s hot springs and Telluride’s world-class skiing, this property places you in one of Colorado’s most sought-after areas for both tourism and year-round living. Whether you dream of running a business, investing in Ridgway’s thriving market, or creating the ultimate live/work space, this multi-use property offers unmatched potential. Schedule a showing today and start building your future in Ridgway, Telluride, and Ouray!

400 Palomino Trl, Ridgway

185 N Lena St Unit Condo "D", Ridgway
$1,490,000
4 Baths ⋅ 830826 MLS
Condo D includes four deed-restricted residential units within the historic Old Firehouse building. The offering consists of three 1-bedroom/1-bath condos and one studio with a full bath. All units are newly finished and include an oven/range, refrigerator, dishwasher, washer, and dryer. Each residence also comes with a dedicated storage area and covered carport, and an elevator provides access to the residential level. The in-town location offers walkable access to restaurants, shopping, schools, parks, and community amenities. The deed restriction is income-based only, set at 140% of Area Median Income, with approximately 17 years remaining before the units convert to free-market status. Current rents are below the maximum allowable levels and still produce over a 5% return at the full asking price, offering stable performance with future upside. Workforce housing remains one of the most consistently sought-after segments in Ridgway and the surrounding region. Local employers across hospitality, education, healthcare, trades, municipal services, and recreation rely on attainable, well-located units like these to meet year-round staffing needs. With limited inventory and ongoing demand, units of this type remain highly successful rentals with dependable occupancy. Ridgway’s central position between two major employment hubs strengthens long-term demand. Ouray, approximately 10 minutes away, supports steady year-round jobs tied to tourism, lodging, and local services. Telluride, roughly 45 minutes west, is a major four-season destination with significant employment in hospitality, events, outdoor recreation, construction, and professional services. Many who work in Telluride choose to live in Ridgway for improved housing access and community amenities, making these units well-situated for a broad pool of renters. With reliable rental performance, walkable in-town convenience, and free-market conversion potential in the future, Condo D offers a balanced blend of present-day income and long-term value in a high-demand San Juan Mountain market.

185 N Lena St Unit Condo "D", Ridgway

550 Redcliff Cir Unit D202, Ridgway
$455,000
3 Beds ⋅ 2 Baths ⋅ 830694 MLS
Majestic mountain views in Ridgway await you! This well-maintained condo features nice appliances including a brand-new microwave and granite countertops. The central open living area has abundant natural light, showcasing those magnificent views. The carpeting has been replaced throughout the unit. Included are many amenities you would desire in your condo- such as natural gas forced air heating, a stackable washer and dryer located in your own dedicated laundry room, a tiled entryway, an primary suite, and more. Included outside is a nearby carport parking space with an outdoor storage locker to keep the snow off your vehicle and your outdoor gear protected. The HOA maintains the landscaping, private pond, and sidewalk just outside the door. The fee also covers water, sewer, trash, and snow removal. Schedule your showing to experience this property for yourself.

550 Redcliff Cir Unit D202, Ridgway

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