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Premier Development Opportunity - Ideal for Multifamily or Mixed-Use in Ridgway Positioned in a highly desirable location, this 4.468-acre parcel—currently zoned Historic Business—offers exceptional potential for investors and developers seeking a multifamily or mixed-use project. With strong demand for housing and thoughtfully planned development in the area, this property presents a compelling opportunity to bring a new residential or integrated live/work concept to market. Formerly planned as the Alpenglow Cohousing community, the site has already benefited from preliminary planning efforts. Development density and allowable uses will be determined in collaboration with the Town of Ridgway Planning Department, based on the buyer's vision and formal proposal—allowing flexibility to maximize the site's potential. The Cohousing development group decided to not move forward with their project as many of their members found it to no longer be feasible for the project. Valuable data and materials compiled during the previous development process will be made available during the due diligence period, offering meaningful insights and potential cost and time savings for future planning. An outstanding opportunity for developers looking to create a distinctive multifamily, workforce housing, or mixed-use project in one of Western Colorado's most sought-after communities.
| LAST UPDATED | 3/2/2026 | TRACT | None |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Ridgway |
| COUNTY | Ouray | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| Elementary School | Ridgway K-5 |
|---|---|
| Jr. High School | Ridgway 6-8 |
| High School | Ridgway 9-12 |
| ADDITIONAL DETAILS | |
| AREA | Ridgway |
|---|---|
| LOT | 4.468 acre(s) |
| SUBDIVISION | None |
| TAXES | 46536 |
| UTILITIES | Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | River Front |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Keller Williams Realty Southwest Associates, LLC - Montrose
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, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
Real Estate listings held by companies other than Real contain that company’s name.
Fair Housing DisclaimerThis data was last updated: 4/14/26 2:04 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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