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185 N Lena St Unités de condo • 1 471-5 293 pi² • À vendre 1 284 779 $-8 819 832 $ CAD par unité • Ridgway, CO 81432



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FAITS SAILLANTS DE L'INVESTISSEMENT
- Historic landmark thoughtfully restored and expanded with high-quality new construction, creating a one-of-a-kind hospitality asset.
- Prime Ridgway Location – Positioned in the town core with strong destination appeal, walkability, and proximity to Ouray and Telluride.
- Fully built-out commercial kitchen, bar, AV infrastructure, and indoor/outdoor seating; delivered vacant and ready for immediate operation.
RÉSUMÉ DE L'ANNONCE
The Old Firehouse stands as one of Ridgway’s most remarkable commercial properties—an iconic 1907 structure elevated in 2024 with a stunning new addition and high-end commercial construction. The result is a 5,293 SF, turnkey restaurant and event venue that blends historic character with modern performance-level infrastructure. Originally part of the True Grit movie set, in 2024 it was redesigned for serious culinary and hospitality operations. The property features a state-of-the-art commercial kitchen, exceptionally planned for efficiency, capacity, and workflow. A handcrafted bar anchors the interior with warmth and craftsmanship, while integrated AV systems support private dining, live music, corporate events, and celebrations. Indoor and outdoor seating areas offer flexibility for everything from intimate service to large groups, making this a versatile space for a variety of concepts. The property is not currently operating, providing a rare blank slate for a visionary owner. Every major component—from mechanicals to finishes—has been thoughtfully executed, eliminating the construction risk, time, and cost typically associated with launching a high-caliber restaurant or event venue. This Grade-A commercial buildout is truly turnkey. Ridgway’s year-round recreation, strong local community, proximity to Telluride and Ouray, and steady tourism activity create an exceptional environment for a destination restaurant, event center, brewery, distillery, or hybrid hospitality idea. Few properties in Western Colorado offer this level of history, infrastructure, and design quality. Located in the heart of Ridgway’s vibrant town core, 185 N. Lena benefits from high visibility, pedestrian access, and a setting that captures the charm and energy of this mountain community. The combination of historic brickwork, contemporary construction, and standout craftsmanship makes the Old Firehouse a signature asset that cannot be replicated.
FAITS SUR LA PROPRIÉTÉ
COMMODITÉS
- Installations de conférences
- Lot de coin
- Terrain clôturé
- Restaurant
- Système de sécurité
- Espace d'entreposage
- Climatisation
- Balcon
- Internet par fibre optique
- Détecteur de fumée
3 UNITÉS DISPONIBLES
Unité A
| Taille de l’unité | 5 293 pi² | Type de vente | Investissement ou propriétaire utilisateur |
| Prix | 8 819 832 $ CAD | Conditions de vente | 1031 Échange |
| Prix par pi² | 1 666,32 $ CAD | ID/Numéro de lot | 430516247001 |
| Utilisation du condo | Commerce de détail |
| Taille de l’unité | 5 293 pi² |
| Prix | 8 819 832 $ CAD |
| Prix par pi² | 1 666,32 $ CAD |
| Utilisation du condo | Commerce de détail |
| Type de vente | Investissement ou propriétaire utilisateur |
| Conditions de vente | 1031 Échange |
| ID/Numéro de lot | 430516247001 |
DESCRIPTION
The entire ground floor of The Old Firehouse. Includes Pat's Place with covered and heated outdoor seating for up to 140 people. Also included is the Event Center for Wedding, etc. This can accommodate up to 100
people for sit down events. The Restaurant and Bar are stunning with high ceilings and a large overhead door on the east end that opens toward the town park from True Grit Movie Fame. The Kitchen can accommodate all 3 venues simultaneously. Over $3 million of FFE included. One of the finest kitchens on the western slope of Colorado.
NOTES SUR LA VENTE
Condo A is the Restaurant, Bar, Event Space, Patios and Kitchens on the first floor.
Unité B
| Taille de l’unité | 1 615 pi² | Utilisation du condo | Bureau/Commerce de détail |
| Prix | 1 284 779 $ CAD | Type de vente | Investissement ou propriétaire utilisateur |
| Prix par pi² | 795,53 $ CAD | ID/Numéro de lot | 430516247001 |
| Taille de l’unité | 1 615 pi² |
| Prix | 1 284 779 $ CAD |
| Prix par pi² | 795,53 $ CAD |
| Utilisation du condo | Bureau/Commerce de détail |
| Type de vente | Investissement ou propriétaire utilisateur |
| ID/Numéro de lot | 430516247001 |
DESCRIPTION
Discover a bright, modern commercial condo in one of Ridgway’s most recognizable historic buildings. Greenhouse Condo B at the Old Firehouse offers an attractive, flexible space ideal for retail, studio, office, or professional service uses. The unit features excellent natural light, quality finishes, and an efficient layout that supports a wide range of business concepts.
Located just off Ridgway’s main commercial corridor, the property benefits from convenient access, steady local activity, and walkability to restaurants, shops, parks, and community amenities. The Old Firehouse renovation blends historic character with contemporary upgrades, creating an inviting environment for customers and clients.
Property Highlights:
- Premier commercial condo within the Old Firehouse
- Open, adaptable floorplan with strong natural light
- Clean, modern interior finishes
- Excellent visibility and convenient in-town location
- Suitable for retail, studio, office, or professional services (buyer to verify use with the Town of Ridgway)
- Well-maintained building with attractive exterior appeal
Rare opportunity to own commercial space in Ridgway’s vibrant center
NOTES SUR LA VENTE
Greenhouse Condo B offers a professional, welcoming setting for your business or investment portfolio. This is a standout property in a high-demand mountain market.
Owner or Investor. This Condo is also listed for lease.
Unité c
| Taille de l’unité | 1 471 pi² | Type de vente | Investissement ou propriétaire utilisateur |
| Prix | 1 590 348 $ CAD | Taux de capitalisation | 1,70% |
| Prix par pi² | 1 081,13 $ CAD | Revenu net d’exploitation | 27 035,91 $ CAD |
| Utilisation du condo | Bureau | ID/Numéro de lot | 430516247001 |
| Taille de l’unité | 1 471 pi² |
| Prix | 1 590 348 $ CAD |
| Prix par pi² | 1 081,13 $ CAD |
| Utilisation du condo | Bureau |
| Type de vente | Investissement ou propriétaire utilisateur |
| Taux de capitalisation | 1,70% |
| Revenu net d’exploitation | 27 035,91 $ CAD |
| ID/Numéro de lot | 430516247001 |
DESCRIPTION
Condo C is a standout office condominium within Ridgway’s revitalized Old Firehouse project—an iconic 1907 structure transformed in 2024 through a comprehensive, architecturally sensitive redevelopment. This 1,145 SF office space blends historic charm with modern commercial performance, creating a rare investment opportunity in the heart of one of Western Colorado’s most desirable mountain communities.
The space is currently leased to Alt Space, a well-known coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams throughout the region. Their presence enhances the professionalism and daily activity within the building and reflects the increasing demand for flexible office environments in Ridgway’s thriving town center. The existing lease offers stable income and minimal management oversight, giving investors a turnkey foothold in a growing market.
Inside, the unit features a versatile layout suited for a range of professional uses—including open collaborative zones, private meeting areas, and adaptable workspaces. Natural light, modern finishes, and thoughtful design contribute to a polished, comfortable environment for tenants and visitors. As part of the 2024 expansion and rebuild, the space benefits from upgraded electrical, mechanical, insulation, windows, and life-safety systems, providing the reliability and efficiency expected in a contemporary commercial property.
Situated along North Lena Street, Condo C enjoys exceptional walkability and visibility. Tenants benefit from immediate access to Ridgway’s restaurants, coffee shops, retail, parks, pathways, and civic amenities. The location also attracts regional traffic from Ouray, Telluride, and Montrose—all communities linked by strong tourism, growing populations, and year-round recreation industries. This steady flow of professionals and visitors supports long-term demand for workspace in Ridgway’s core.
The Old Firehouse redevelopment is one of Ridgway’s most significant commercial improvements, seamlessly integrating the building’s original brickwork with new construction, modern architectural lines, and updated structurals. Ownership here offers more than just income—it conveys participation in a legacy project that has elevated the entire district and strengthened Ridgway’s commercial identity.
As part of a broader portfolio, as a standalone investment, or as a future owner-occupied space, Condo C is a strategic and attractive acquisition. Its combination of history, modern upgrades, strong tenant profile, and irreplaceable location positions it as a long-term hold with meaningful upside potential. Properties of this caliber are rare in the Ridgway marketplace, particularly those offering turnkey stability within a landmark development.
A polished, fully improved, income-producing commercial condominium in one of Ridgway’s most iconic and thoughtfully restored buildings.
RENSEIGNEMENTS IMPORTANTS SUR LE LOCATAIRE
| LOCATAIRE | pi² OCCUPÉ | DATE DE FIN DE BAIL |
|---|---|---|
| Vacant Off Market |
-
|
juillet 2027
|
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185 N Lena St
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