38.187515 -107.80167
117 Ponderosa Ridgway CO 81432 284901825 38.187515 -107.80167 60105 /listing/284901825-151082055/117-ponderosa-ridgway-co-81432 False 0 1275000.0 14528 101 100 9205191 False 1985 3.38 3.38

117 Ponderosa

Ridgway, CO 81432 MLS# 9205191

Active 11/21/20

284901825 False False 38.187515 -107.80167 60105 /listing/284901825-151082055/117-ponderosa-ridgway-co-81432 False 0 1275000.0 14528 101 9205191 False 47191741 0
$1,275,000
MLS# 9205191
Active 11/21/20
  1. Listed on 11/21/20
  • 14,528 Square Feet Sq.Ft
  • 3.38 Acres
  • 1985 Year Built Yr. Built
117 Ponderosa Ridgway, CO 81432 MLS# 9205191
Active 11/21/20
284901825 38.187515 -107.80167 60105 /listing/284901825-151082055/117-ponderosa-ridgway-co-81432 False 0 1275000.0 14528 101 9205191 False
$1,275,000
  • 14,528 Square Feet
  • 3.38 Acres
  • 1985 Year Built
  1. Listed on 11/21/20
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Description

The Keep" Ridgway CO (Telluride) Simply put, there is nothing else like it in the Telluride/Ouray region. Zoned Commercial Multi-Use or Mixed Use or 100% Residential, this substantial 14,500+foot structure is ready for your vision! Just 38 miles to Telluride, as you pass Ralph Lauren's Ranch or 14 minutes to the local Hot Springs resort. The lot is 3.2+ acres with future building potential (country store or garages etc ) The lot borders open space to the North and the Golf Course abuts it to the East. This stellar location includes a breathtaking backdrop of the jagged Cimmarron's and San Juans and the 14,000 ft Mt Sneffels. The lot also borders/ abuts the Divide Ranch & Clubs Award-winning 18 hole Golf Course (3rd-4th Hole). This parcel was the original corporate residences of the developer and golf clubhouse built in 1983,(formally Fairway Pines), and has been resurrected with many recent improvements: a fitness center /Gym /ADU-rental unit /residence / new flooring / turf /decking/ Bar / flooring / entertainment area and stage /indoor basketball, 2 tennis courts / putt putt / 2 climbing walls and batting cages and golf driving. The extensive improvements include, but not limited to ADA compliance modification in 2012, new roof 2012 , newly engineered septic and conversion to natural gas. The possibilities for highest and best use include but are not limited to...Brewery/Restaurant/Distillery/Medical Marijuana MMJ/, Country Store, General, Office, Lodging, Professional/Medical, basically you can name it! A wedding planner and events/retreat /music live work play layout seems very easy! The prior sprawling indoor salt water pool (2,400 feet) can easily be brought back into compliance, currently its set up as a music venue/sunken entertainment area. This is truly an incredible lifestyle and live work opportunity ,for the wise visionary as there is not another live work play structure for 20 miles in the county/ town or region.Currently vacant income projected

Courtesy Of Telluride Realty LLC
Listing Information
  • Property Type: Commercial Sale
  • Property Subtype: Multi-Family
  • Structure Type: Free Standing
  • Architecture: Chalet, Mountain Contemporary
  • PSF Total: 87.76
  • Price Per Acre: 377218.93
  • Year Built: 1985
  • Year Built Effective: 2012
  • Construction Materials: Frame
  • Current Use: Arts/Creative, Commercial, Day Care, Education, Event Space, Food Service, Live-Work/Mixed-Use/Flex, Office, Residential, Retail, Warehouse
  • Building Class: Class B
  • Building Features: Bike Storage, Business Center, Clubhouse, Common Area Boardroom, Dog/Pet Wash, Fitness Center, Laundry, Pool, Storage, Wi-Fi
  • Stories: 2
Interior Features
  • Exclusions: all art, all staging, all sports equip, all furnishings
  • Number of Units: 2
  • Occupant Type: Vacant
  • Unit Count: 0
Parking/Garage
  • Parking Lot
  • Parking Spaces Number Of: 50
  • Parking Type: Parking Lot
  • Parking Total: 50
  • Total Offstreet Spaces: 50
Community/Neighborhood Information
  • Walk Score: 0
HOA
  • 2nd HOA Fee (Annual Total): 0.00
  • 3rd HOA Fee (Annual Total): 0.00
  • Master HOA Fee (Annual Total): 0.00
  • Total Annual HOA Fees: 0.00
Financial Considerations
  • Cap Rate: 9.00
  • Cap Rate Calculation: based on projections
  • Leaseable Area: 14000.00
  • Legal Description: 430301104104 Subd: 117 PONDEROSA DRIVE A PLAT AMENDMENT OF LOT 104, FILING NO 1, FAIRWAY PINES ESTATES PUD; AS SHOWN ON PLAT RECORDED 10/29/2020 AT RECEPTION NO 226832 Subd: FAIRWAY PINES ESTATES P.U.D. FILING NO. 1 (FOR SEARCH PURPOSES ONLY) S: 1 T: 45 R: 9
  • Tax Amount: 4900.00
  • Tax ID: 430301104104
  • Tax Year: 2019
  • Water Included YN: Y
Exterior & Lot Features
  • Access: Public Road
  • Roof: Metal
  • Road Surface: Paved
  • Lot Features: Corner Lot
  • Road Responsibility: Public Maintained Road
  • Zoning: mixed use commerical
Utilities & Green Home Features
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Connected
  • Water Source: Public
  • Electric Service: 110V, 220 Volts
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