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MLS 564483
MLS #: 564483
COMMERCIAL
(Business Opp Available)

Asking Price:
$895,000
Year Built: 1898
0.25 Acres
DETAILS
Area: Ouray City
City: Ouray
The building is being sold "as is where is and how is." Agents working with buyers must call the listing office for a showing appointment, DO NOT BOTHER THE OWNERS OR ANY OF THEIR HELP. Limited books will be available. This is one of the best investment opportunities in the area. The Bon Ton Restaurant is leased until December 2017 with a 5 year option to renew (the lease is a NNN with all items being prorated based upon percent of usage for utilities and sq. ft. allocation). Currently the owners are operating the St. Elmo Hotel, with the anticipated profit from the St. Elmo and the rental income from the Bon Ton Restaurant the current asking price is about a 9% CAP rate. Limited books are avaliable.

10000 Sq. Ft.

Listing courtesy of:
Stapleton, Alan
Re/Max Cimarron Realty

MLS 685650
MLS #: 685650
COMMERCIAL
(Multi-Use)

Asking Price:
$850,000
0.37 Acres
DETAILS
Area: Ridgway
City: Ridgway
This classic 6000+ square foot brick building is on the historical registry and has a prime location in downtown Ridgway. Structural evaluation available.Lots of possibilities.

6400 Sq. Ft.

Listing courtesy of:
Gregory, Randolph
Re/Max Cimarron Realty

MLS 691837
MLS #: 691837
COMMERCIAL
(Multi-Use w/Res)

Asking Price:
$600,000
14 Acres
DETAILS
Area: Log Hill
City: Ridgway
Unbelievable investment and/or development opportunity. Fully developed and approved 9 lot subdivision Point Escape, originally lot 54 Loghill Village Unit IV. There are 4 full east facing escarpment lots plus 1 other that is partially on the escarpment. Plus 4 additional interior lots, the property is literally surrounded by open space or U.S. Bureau of Reclamation Property (Ridgway State Park). The road is paved, all the utilities are in with paid water taps. The offering price is less than half of the development cost plus the cost of the land is on top of that. The property taxes are at developer rates. When land sales start t pick up the owner could easily see a doubling of their investment. If a developer purchased the property the cost per fully developed lot is $60,000 +/-. All the lots are ready to build on. The profit potential is there, all the time consuming efforts and costs to get a development through Ouray County have already been done. Make sure your investors and/or developers are aware of this great opportunity.

620000 Sq. Ft.

Listing courtesy of:
Stapleton, Alan
Re/Max Cimarron Realty

MLS 686243
MLS #: 686243
COMMERCIAL
(Multi-Use w/Res)

Asking Price:
$369,000
0.25 Acres
DETAILS
Area: Ridgway
City: Ridgway
Prime location with commercial (Historic Business) Zoning! 3 commercial lots with the potential to build 10,000 sq ft on each and to the lot line. Currently has Victorian - vacant - building. Present structure needs restoration or to be removed. Past businesses in current building: real estate, restaurant, food production to sell. (salsa, jelly) Prime live/work zoning!!!

1500 Sq. Ft.

Listing courtesy of:
Gardner, Shari
Re/Max Cimarron Realty

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Data last updated on: April 24, 2014