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185 N Lena St 1,471 - 5,293 SF Condo Units Offered at $925,000 - $6,350,000 Per Unit in Ridgway, CO 81432
INVESTMENT HIGHLIGHTS
- Historic landmark thoughtfully restored and expanded with high-quality new construction, creating a one-of-a-kind hospitality asset.
- Prime Ridgway Location – Positioned in the town core with strong destination appeal, walkability, and proximity to Ouray and Telluride.
- Fully built-out commercial kitchen, bar, AV infrastructure, and indoor/outdoor seating; delivered vacant and ready for immediate operation.
EXECUTIVE SUMMARY
The Old Firehouse stands as one of Ridgway’s most remarkable commercial properties—an iconic 1907 structure elevated in 2024 with a stunning new addition and high-end commercial construction. The result is a 5,293 SF, turnkey restaurant and event venue that blends historic character with modern performance-level infrastructure. Originally part of the True Grit movie set, in 2024 it was redesigned for serious culinary and hospitality operations. The property features a state-of-the-art commercial kitchen, exceptionally planned for efficiency, capacity, and workflow. A handcrafted bar anchors the interior with warmth and craftsmanship, while integrated AV systems support private dining, live music, corporate events, and celebrations. Indoor and outdoor seating areas offer flexibility for everything from intimate service to large groups, making this a versatile space for a variety of concepts. The property is not currently operating, providing a rare blank slate for a visionary owner. Every major component—from mechanicals to finishes—has been thoughtfully executed, eliminating the construction risk, time, and cost typically associated with launching a high-caliber restaurant or event venue. This Grade-A commercial buildout is truly turnkey. Ridgway’s year-round recreation, strong local community, proximity to Telluride and Ouray, and steady tourism activity create an exceptional environment for a destination restaurant, event center, brewery, distillery, or hybrid hospitality idea. Few properties in Western Colorado offer this level of history, infrastructure, and design quality. Located in the heart of Ridgway’s vibrant town core, 185 N. Lena benefits from high visibility, pedestrian access, and a setting that captures the charm and energy of this mountain community. The combination of historic brickwork, contemporary construction, and standout craftsmanship makes the Old Firehouse a signature asset that cannot be replicated.
PROPERTY FACTS
AMENITIES
- Conferencing Facility
- Corner Lot
- Fenced Lot
- Restaurant
- Security System
- Storage Space
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
3 UNITS AVAILABLE
Unit A
| Unit Size | 5,293 SF | Sale Type | Investment or Owner User |
| Price | $6,350,000 | Sale Conditions | 1031 Exchange |
| Price Per SF | $1,199.70 | APN/Parcel ID | 430516247001 |
| Condo Use | Retail |
| Unit Size | 5,293 SF |
| Price | $6,350,000 |
| Price Per SF | $1,199.70 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 430516247001 |
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 B
| Unit Size | 1,615 SF | Condo Use | Office/Retail |
| Price | $925,000 | Sale Type | Investment or Owner User |
| Price Per SF | $572.76 | APN/Parcel ID | 430516247001 |
| Unit Size | 1,615 SF |
| Price | $925,000 |
| Price Per SF | $572.76 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 430516247001 |
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 C
| Unit Size | 1,471 SF | Sale Type | Investment or Owner User |
| Condo Use | Office |
| Unit Size | 1,471 SF |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Vacant Off Market |
-
|
July 2027
|
Presented by
185 N Lena St
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