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Listed price in listed location currency (USD).
$999,000

320
  • Key Facts
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Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage No
Taxes $3,349
Days Active 32
Lot Size 
Approx. Age 2006
MLS® Number 828150

Property Address: 400 Palomino Trl, Ridgway, CO, 81432-9215

Average square foot calculated using Size range provided by listing agent.

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!
MLS® Number828150
Laundry Level
Central VacNo
FireplaceNo
Acreage0.227
Exterior
GarageNo
Approx. Age2006
Basement
DrivewayRv Access Parking
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 23, 2025List Date
$999,000List Price
  • Commute

Commute

Starting Address
Destination Address
400 Palomino Trl, Ridgway, CO

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