185 N Lena St
Ridgway, CO 81432

• Unit Size: 5,293 SF
• Condo Use: Retail
• Price: $6,350,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $1,199.70 USD

Description

The entire ground floor of The Old Firehouse.  Includes Pat's Place with covered and heated outdoor seating for up to 140 people.  Also included is the Event Center for Wedding, etc.  This can accommodate up to 100 
people for sit down events.  The Restaurant and Bar are stunning with high ceilings and a large overhead door on the east end that opens toward the town park from True Grit Movie Fame.  The Kitchen can accommodate all 3 venues simultaneously.  Over $3 million of FFE included.  One of the finest kitchens on the western slope of Colorado.

Sale Notes

Condo A is the Restaurant, Bar, Event Space, Patios and Kitchens on the first floor.

• Unit Size: 1,615 SF
• Condo Use: Office/Retail
• Price: $925,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $572.76 USD

Description

Discover a bright, modern commercial condo in one of Ridgway’s most recognizable historic buildings. Greenhouse Condo B at the Old Firehouse offers an attractive, flexible space ideal for retail, studio, office, or professional service uses. The unit features excellent natural light, quality finishes, and an efficient layout that supports a wide range of business concepts.

Located just off Ridgway’s main commercial corridor, the property benefits from convenient access, steady local activity, and walkability to restaurants, shops, parks, and community amenities. The Old Firehouse renovation blends historic character with contemporary upgrades, creating an inviting environment for customers and clients.

Property Highlights:
• Premier commercial condo within the Old Firehouse
• Open, adaptable floorplan with strong natural light
• Clean, modern interior finishes
• Excellent visibility and convenient in-town location
• Suitable for retail, studio, office, or professional services (buyer to verify use with the Town of Ridgway)
• Well-maintained building with attractive exterior appeal
• Rare opportunity to own commercial space in Ridgway’s vibrant center

Sale Notes

Greenhouse Condo B offers a professional, welcoming setting for your business or investment portfolio. This is a standout property in a high-demand mountain market.

Owner or Investor. This Condo is also listed for lease.

• Unit Size: 1,471 SF
• Condo Use: Office
• Price: $1,145,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $778.38 USD

Description

Condo C is a standout office condominium within Ridgway’s revitalized Old Firehouse project—an iconic 1907 structure transformed in 2024 through a comprehensive, architecturally sensitive redevelopment. This 1,145 SF office space blends historic charm with modern commercial performance, creating a rare investment opportunity in the heart of one of Western Colorado’s most desirable mountain communities.

The space is currently leased to Alt Space, a well-known coworking operator serving remote professionals, freelancers, entrepreneurs, and small teams throughout the region. Their presence enhances the professionalism and daily activity within the building and reflects the increasing demand for flexible office environments in Ridgway’s thriving town center. The existing lease offers stable income and minimal management oversight, giving investors a turnkey foothold in a growing market.

Inside, the unit features a versatile layout suited for a range of professional uses—including open collaborative zones, private meeting areas, and adaptable workspaces. Natural light, modern finishes, and thoughtful design contribute to a polished, comfortable environment for tenants and visitors. As part of the 2024 expansion and rebuild, the space benefits from upgraded electrical, mechanical, insulation, windows, and life-safety systems, providing the reliability and efficiency expected in a contemporary commercial property.

Situated along North Lena Street, Condo C enjoys exceptional walkability and visibility. Tenants benefit from immediate access to Ridgway’s restaurants, coffee shops, retail, parks, pathways, and civic amenities. The location also attracts regional traffic from Ouray, Telluride, and Montrose—all communities linked by strong tourism, growing populations, and year-round recreation industries. This steady flow of professionals and visitors supports long-term demand for workspace in Ridgway’s core.

The Old Firehouse redevelopment is one of Ridgway’s most significant commercial improvements, seamlessly integrating the building’s original brickwork with new construction, modern architectural lines, and updated structurals. Ownership here offers more than just income—it conveys participation in a legacy project that has elevated the entire district and strengthened Ridgway’s commercial identity.

As part of a broader portfolio, as a standalone investment, or as a future owner-occupied space, Condo C is a strategic and attractive acquisition. Its combination of history, modern upgrades, strong tenant profile, and irreplaceable location positions it as a long-term hold with meaningful upside potential. Properties of this caliber are rare in the Ridgway marketplace, particularly those offering turnkey stability within a landmark development.

A polished, fully improved, income-producing commercial condominium in one of Ridgway’s most iconic and thoughtfully restored buildings.