220 S Lena Street

Ridgway, CO 81432

About this property

Great multi-use building located right in the heart of Ridgway! Most of the locals remember it as their favorite place to go for a nice dinner-in those days it was known as Drake's-and whether you came for the great appetizers, duck, gourmet burgers, artisan pizza or the incredible desserts you knew you were in for something special! The vast majority of the furnishings and equipment remain from those days, including the ideally designed kitchen, artistic booths, tables, bar and wine cellar. As a restaurant it is totally turn key-and its 'c' shape with bar/lounge off the entry area and larger dining room with 1000 sq. foot deck off the back makes it perfectly sized--not too large or too small for year round clientele. The 3000 plus square foot building could be used in so many different ways, including a simple residence. There are living quarters upstairs already, and it's easy to imagine converting the bar area into a living room, maintaining the beautiful kitchen, and creating a master suite with huge deck off the back. Other uses abound-including a bed and breakfast, hostel, professional offices, pub, school, church, coffee house, wine bar, or retreat center. Because the sale includes not only the main building-which sits on 2 Ridgway Town lots -but also the extra 25x142 lot directly to the south you have a myriad ways of expanding the use of the building. Have a dream for a retreat center with meeting rooms? What about building a ten unit boutique hotel on the additional lot and having the existing building be the central meeting facilities? Perhaps you only need the main building? Sell off the extra lot or hold it for future use?-There are so many possibilities for this special property, located in the Heart of Ridgway. Make an appointment to see it today.

Date Added
September 12, 2019
Listing Status
Active
Days On Site
85
MLS#
762955

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Mixed Use
Sub-Type
Resale
Year
1992
Garage
0
Pool
No
Story(s)
1
Property View
No
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$760,000 Active
0 Beds
0 Baths
3,015 SQFT

Presented By Coldwell Banker Distinctive Properties, Telluride

Get in touch today! Phone: (970) 728-4454
Brokerage
Telluride
(970) 728-4454
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Area Information

Ridgway | Ouray County |

$ 760,000
This listing is play_arrow 176.4% higher than the average in the area
$ 274,950 in the area
7,679 SqFt
This listing is play_arrow 339.10% larger than the average in the area
1,972 SqFt in the area
$ 231 $/SqFt
This listing is play_arrow 22% less than the average in the area
$ 295 $/SqFt in the area
85 days on site
This listing is play_arrow 60.3% below the average in the area
214 days on site in the area

Schools in the Area

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