400 Palomino Trail, Ridgway, CO 81432
400 Palomino Trail, Ridgway, CO 81432
400 Palomino Trail, Ridgway, CO 81432
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$975,000
Est. payment /mo
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3 Beds
2 Baths
1,952 SqFt
Price Dropped by $50K

400 Palomino Trail Ridgway, CO 81432

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Carrie Soto

Carrie Soto

+1(970) 470-2667

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Stick Built

Listing Status Active

Purchase Type For Sale

Square Footage 1,952 sqft

Price per Sqft $499

MLS Listing ID 832733

Style Other

Bedrooms 3

Full Baths 1

Three Quarter Bath 1

Year Built 2006

Annual Tax Amount $2,612

Tax Year 2025

Lot Size 9,888 Sqft

Acres 0.227

Property Sub-Type Stick Built

Property Description

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!

Location

State CO

County Ouray

Area Ridgway

Zoning Commercial,Live/Work,Mixed-Use,Other

Rooms

Basement Slab

Interior

Interior Features Window Coverings, All Furnishings

Heating Forced Air, Heat Pump

Cooling Central A/C

Flooring Engineered Flooring

Inclusions Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer

Furnishings Furnished

Exterior

Exterior Feature Deck, Irrigation Water, Landscaping, Lawn Sprinklers

Utilities Available Electric, Internet, Internet - DSL, Natural Gas, Phone - Cell Reception, Phone - Landline

View Mountains, Valley

Roof Type Metal

Building

Story Two Story

Foundation Slab

Sewer Public Sewer

Water City Water

New Construction No

Schools

Elementary Schools Ridgway K-5

Middle Schools Ridgway 6-8

High Schools Ridgway 9-12

Others

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Colorado Real Estate Network (CREN) + Sold
Listed by United Country Sneffels Realty

NEARBY SCHOOL & BUSINESS

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Carrie Soto

Carrie Soto

Broker Associate

+1(970) 470-2667

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400 Palomino Trail