400 Palomino Trail Bldg , Unit

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Active Ridgway, CO 81432 MLS# 797857 Listed by Cathy Redmond on 08/29/2022
Commercial Property Type
0.23 Acres
1952 Sq Ft
2006 Year Built


THE REAL ESTATE. Custom built in 2007, the two-story Western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of Town on the frontage road paralleling US Highway 550. The zoning is General Commercial with mixed uses and live-work arrangements encouraged, affording considerable flexibility in future uses and marketability of the property. The building has approximately 2000 square feet of habitable space and comes with an extensive, must-see list of quality and hard-to-find features – among these are extensive measures against air-infiltration that not only make the building energy efficient but also make the inside incredibly quiet despite the excellent highway visibility and access the location provides. Ask for details. INSIDE. The ground-floor is an open concept studio with kitchenette, private bath/laundry and large covered front porch. It is currently used as a short-term rental, however with no town licenses available for this use to new owners it is easily converted back to commercial, office or retail (its original use). The second floor is a fully and beautifully furnished one-bedroom, one-bath apartment with long term residential rentals a use-by-right. It has a great room, dining area, full kitchen with counter seating, an office/guest bedroom, private laundry, and covered decks both front and rear. A contained storage room and mechanical room are each accessed with their own exterior entrances at ground level. There is plenty of off-street parking including a space covered by the back deck and convenient to either the rear door of the ground floor or the entry door for the second-floor apartment. IMPORTANT TO KNOW. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. The building is extremely well-insulated and highly energy efficient with two-zone central heating and air conditioning provided by an air-source all-climate heat pump (no fossil fuels burned on the premises). If you must, natural gas is also available at the property. THE AREA. The property is situated at the northern entry to the famous San Juan Skyway Scenic Byway - considered by many the most scenic part of Colorado's Scenic and Historic Byway System – and has beautiful views of the surrounding meadows and mountains. It is just 9 highway miles north of the charming, historic mining town of Ouray, 37 highway miles from the ski-resort/festival town of Telluride (airport code TEX), and 26 highway miles south of the burgeoning retirement community of Montrose (airport code MTJ). Montrose Regional Health ranks in the 93rd percentile among all hospitals in the nation according to the Lown Institute.

New Home Sales Hours

Courtesy Of Redmond Realty, LLC
Source: CREN MLS


Upcoming Open Houses


    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Insurance,Electricity,Other,Association Fees,Taxes,Water,Grounds Care,Trash Collection
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features


    • Year Built Effective
    Basement Details
    • Basement?
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 1,952
    • Living Area, Finished
    • Above grade, Finished
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $
    • PSF Finished $
    • PSF Above Grade $
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    • Accessibility Features
    • Appliances
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions
    • Flooring Laminate
    • Furnished Furnished
    • Interior Features
    • Laundry Availability
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 2
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information


    • Number of Units 2
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details

    Exterior/Lot Features


    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property N
    • Levels Two
    • Stories
    • Structure Type
    • Unit Floor #
    • View
    Builder Details
    • Builder
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials
    • Foundation Details Slab
    • Roof Metal
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing Fenced
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features
    • Irrigated Acres 0.23
    • Lot Number
    • Lot Size Acres 0.23
    • Lot Size Dimensions
    • Lot Size SqFt
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Public Road
    • Road Responsibility
    • Road Surface Paid


    Parking Space Summary

    • Parking Features
    • Total Parking Spaces
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces
    • Total Reserved Spaces
    • Total RV Spaces
    Parking Space Details

    Utilities & Green Home Features


    • Cooling Central Air
    • Green Energy Efficient
    • Heating Forced Air,Heat Pump
    • HVAC Description
    Green Ratings
    Power Production Details
    • Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Electricity Connected
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available N
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid? Y
    • Water/Mineral Rights Water Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) Yes
    • HOA Fee Includes
    • Total Annual HOA Fees $109
    1st HOA
    • HOA Eastside Subdivision
    • Type
    • Fee $109.00 Annually
    • Phone
    • Total Annual Fee $109.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? Yes

    Financial Considerations


    • Cap Rate
    • Cap Rate Calculation
    Actual expense details
      Commission Information
      • Buyer Agency Compensation
      • Compensation Offered
      • Dual Variable Compensation
      • Commission Modified
      • Closing Comments
      Income details
      • Actual Annual Net Income $
      • Gross Income $
      • Income Includes
      • Income Includes Description
      Landleasing details
      • Land Lease Amount
      • Land Lease Amount Frequency
      • Land Lease?
      • Other Annual Income $
      • Potential Rental Income Annual $
      • Projected Annual Expense $
      • Projected Annual Net Income $
      • Projected Gross Income $
      • Projected Gross Operating Income $
      • Projected Gross Scheduled Income $
      • Vacancy Credit Losses
      Tax details
      • Annual Tax $2,568
      • Legal Description
      • Tax Exemptions
      • Tax ID 430516412001
      • Tax Year 2021
      • Tenant Pays
      • Utilities Metering
      • Utilities Paid By Tenant



      • Building Name
      • Development Name
      • Park Name
      • Senior Community
      • Subdivision Other
      New Home Community
      • Community Description
      • Community MLS #
      • Community Name
      • Community Opening
      • Community Website
      • Current Promotions
      • Development Status
      • Directions from Agent Sherman going east. Cross Highway 550 at the light. Make a right on Palomino and property is down on the left.
      • Move In Date
      • New Home Available Options
      • New Home Land MLS #
      • New Home Plan MLS #
      Zoning Details
      • Current Use Hotel/Motel
      • Incorporated?
      • Zoning Commercial/Residential,Commercial,Mixed Use
      • Zoning Jurisdiction


      Business Details
      • Business Amenities
      • BusinessDescription
      • BusinessType
      • Year Established
      • Original List Price $
      Partial Ownership Details
      • Partial Ownership Amount
      • Week Remarks
      • Weeks Available
      • Home Warranty
      • Ownership
      • Possession
      • Special Listing Conditions
      • Year Built 2006

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      School Zone

      Schools: Elementary School, High School, Middle School

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