Location, Location, Location! Prime Mixed-Use Development Opportunity in the heart of Ridgway, Colorado. Situated in the Downtown Historic Business District, this parcel is ideal for investors looking to create a dynamic blend of residential and commercial spaces in the fast-growing Ouray-Telluride corridor. A blank template for a true legacy property with incredible long-term value. Unbeatable zoning and development flexibility allows for three-stories of construction (up to 35 feet high), rooftop patios, and a variety of mixed-use options, including retail shops, restaurants, bars, luxury townhomes, a boutique hotel, galleries, outdoor entertainment areas, and/or high-end condominiums. A conceptual design is included with the listing, demonstrating the site’s diverse potential. Located within close proximity to Ridgway’s beautiful parks, markets, schools, banks, churches, community hubs, scenic trails and outdoor recreation, the property has high visibility and great walkability. Pedestrian-friendly infrastructure is already in place, with landscaped sidewalks and street enhancements surrounding the property. Investors will appreciate the existing infrastructure, including municipal water & sewer, electricity, natural gas, and high-speed internet. The property is currently improved with a rented single-family residence providing an interim income stream. A wonderful opportunity to invest in the future of southwest Colorado - - Ridgway has become a premier destination thanks to its strategic location between Telluride, Ouray, Silverton and Montrose. With strong tourism, a growing community, and unparalleled mountain views, this is a rare opportunity to bring your vision for Colorado’s future to life. See also MLS # 822056 for the sale of the adjacent property at 664 Clinton Street, which together represents 5-contiguous town lots (an entire quarter block bounded by two streets and two alleyways).
Active
Price cut: $35K (8/1)
$960,000
172 N Laura Street, Ridgway, CO 81432
--beds
--baths
10,018.8Square Feet
Unimproved Land
Built in ----
10,018.8 Square Feet Lot
$541,700 Zestimate®
$--/sqft
$-- HOA
What's special
Pedestrian-friendly infrastructure
- 146 days
- on Zillow |
- 49 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 03:11pm
Listed by:
Todd Schroedel 970-318-2160,
United Country Sneffels Realty
Source: CREN,MLS#: 822055

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: Mountain(s), Other, Valley
- Frontage type: Laura And Clinton
Lot
- Size: 10,018.8 Square Feet
- Dimensions: 71 x 142
- Features: Boundaries Marked, Corner Lot, Corners Marked, Foothills, Near Golf Course, Skier Access
- Topography: Level
Details
- Parcel number: 430516212006
- Zoning description: Business,Commercial,Live/Work,Other,Residential Multi Family,Residential Single Family
Utilities & green energy
- Sewer: Sewer Tap Installed, Sewer Tap Paid
- Water: Domestic Installed/Paid, Public, Tap Installed, Tap Paid
- Utilities for property: Electricity Connected, Internet, Natural Gas Connected, Phone Connected, Phone - Cell Reception, Phone - Landline
Community & HOA
Community
- Subdivision: Town of Ridgway
HOA
- Has HOA: No
Location
- Region: Ridgway
- Elevation: 7200
Financial & listing details
- Tax assessed value: $545,940
- Annual tax amount: $2,331
- Date on market: 3/17/2025
- Electric utility on property: Yes
- Road surface type: Paved
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