Follow us on Facebook or Instagram

Give us a call 970-872-3322

$11,500,000
Active
Ouray County, CO
Contact Maps

185 Lena, Ridgway, Colorado

MLS ID: 836359
Status: Active
Price: $11,500,000
Type: Development, Commercial
Address: 185 Lena
City, State: Ridgway, CO
County: Ouray County
ZIP Code: 81432
Lat/Long: 38.152137, -107.756598
Parcel Number: 430516247001
Listed by: Colleen Aller of Keller Williams Realty Southwest Associates, Llc - Montrose
Bathrooms: 9
SqFt: 13,415
Year Built: 1907

Description

The Old Firehouse presents a rare opportunity to acquire an iconic mixed-use investment property in the heart of Ridgway. Originally built in 1907 and extensively redeveloped in 2024, this landmark property blends historic character with modern construction and infrastructure. The offering includes a diverse mix of commercial, office, residential, and hospitality components. Greenhouse Condo B provides flexible retail, studio, or office space, while Condo C offers stable income through an established office tenant. Condo D consists of four deed-restricted residential units with strong workforce housing demand and future upside potential. Condo E, the Penthouse, is an unfinished luxury residence featuring a private rooftop balcony, indoor/outdoor fireplace, and panoramic views of the San Juan and Cimarron Mountains. Also included is a fully built-out restaurant and event venue featuring a state-of-the-art commercial kitchen, handcrafted bar, integrated AV systems, and flexible indoor/outdoor seating. The space is turnkey and ready for a new hospitality concept. Located within walking distance of Ridgway's restaurants, shops, parks, and community amenities, the Old Firehouse benefits from strong regional demand driven by tourism, recreation, and growth throughout Ridgway, Ouray, Telluride, and the surrounding San Juan Mountain region. Combining multiple income streams, redevelopment quality, and a highly visible downtown location, the Old Firehouse is a one-of-a-kind investment and legacy asset in one of Colorado's most desirable mountain communities.

Additional Information

Interior

Bathrooms Half: 3
Bathrooms Full: 6
Building Area Total: 13,415
Cooling (Yes/no): Yes
Cooling: Central Air
Furnished: Unfurnished
Heating (Yes/no): Yes
Heating: Electric

Exterior

Foundation Details: Brick Mortar
Inclusions: Fixtures, Furniture, Inventory
Lot Size Dimensions: Irregular
Parking Features: On Street
Road Frontage Type: City Street
Road Surface Type: Paved
Stories: 3
Water Source: Public

Financial/HOA/Schools

Days On Market: 4
Tax Annual Amount: 10857
Zoning Description: Mixed Use

Extra Information

Disclosures: Covenants Restrictions Disclosure
Documents Available: Inventory, Plat, Restrictive Covenants, Survey

Maps

Get Directions
  • NAIP
  • Satellite
  • Topography

,

Interested? Contact Us Today About This Listing

  • This field is for validation purposes and should be left unchanged.

All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of July 15, 2026 at 12:00:00 AM UTC.

SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought. WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL. "COPYRIGHT (2026) by COLORADO REAL ESTATE NETWORK" 121 N PARK AVENUE, MONTROSE, CO 81401 USA ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN). PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

Listed By: Colleen Aller of Keller Williams Realty Southwest Associates, Llc - Montrose