609 Clinton St - Apartments FOR SALE


Ridgway, CO 81432
$2,450,000 USD
970-708-1495
609 Clinton St, Ridgway, CO for Sale
$2,450,000 USD
Apartments - FOR SALE
1/54
null | Request Cap Rate

609 Clinton St
Ridgway, CO 81432


HIGHLIGHTS

  • Room for Expansion, ability to build condominium on site

OVERVIEW

Own this iconic building where the GRAMMY Music Awards are made! Located in the heart of downtown Ridgway, the ''Centennial Building'' is fully leased out, which includes Airbnb rooms on the second floor and commercial spaces on the main level. Take advantage of the remaining land area available where one could build a condo off the back. Ridgway is quickly establishing itself as the the gateway to Telluride, Ouray, & Montrose. Outdoor enthusiast can enjoy local hot springs, mountain biking, live music, and The Ridgway State Park that is a beautiful mountain lake setting located within 15 minutes from this building. The park is one of the most visited parks in Colorado and the portion of HWY 550 that passes through Ridgway is the beginning of the infamous Million Dollar Highway that has over 500,000 vehicles passing through town each year.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

8

PRICE/UNIT

$306,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1990

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Historic Business

APN/PARCEL ID

430516209004

ASK ABOUT THIS PROPERTY

Ben JacksonJW Group Telluride PropertiesMore Info
970-708-1495

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Ben JacksonJW Group Telluride PropertiesMore Info
970-708-1495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.