185 N Lena St

—
Beds
13,415 Sq. Ft.
$857 / Sq. Ft.
13,415
Sq. Ft.
$857
per Sq. Ft.

Description

The Old Firehouse presents a rare opportunity to acquire an iconic mixed-use investment property in the heart of Ridgway. Originally built in 1907 and extensively redeveloped in 2024, this landmark property blends historic character with modern construction and infrastructure. The offering includes a diverse mix of commercial, office, residential, and hospitality components. Greenhouse Condo B provides flexible retail, studio, or office space, while Condo C offers stable income through an established...The Old Firehouse presents a rare opportunity to acquire an iconic mixed-use investment property in the heart of Ridgway. Originally built in 1907 and extensively redeveloped in 2024, this landmark property blends historic character with modern construction and infrastructure. The offering includes a diverse mix of commercial, office, residential, and hospitality components. Greenhouse Condo B provides flexible retail, studio, or office space, while Condo C offers stable income through an established office tenant. Condo D consists of four deed-restricted residential units with strong workforce housing demand and future upside potential. Condo E, the Penthouse, is an unfinished luxury residence featuring a private rooftop balcony, indoor/outdoor fireplace, and panoramic views of the San Juan and Cimarron Mountains. Also included is a fully built-out restaurant and event venue featuring a state-of-the-art commercial kitchen, handcrafted bar, integrated AV systems, and flexible indoor/outdoor seating. The space is turnkey and ready for a new hospitality concept. Located within walking distance of Ridgway's restaurants, shops, parks, and community amenities, the Old Firehouse benefits from strong regional demand driven by tourism, recreation, and growth throughout Ridgway, Ouray, Telluride, and the surrounding San Juan Mountain region. Combining multiple income streams, redevelopment quality, and a highly visible downtown location, the Old Firehouse is a one-of-a-kind investment and legacy asset in one of Colorado's most desirable mountain communities.
  1. Listed by Colleen Aller • Keller Williams Realty Southwest Associates, LLC - Montrose

Property Details for 185 North Lena Street

Water Front
No
Zoning
Mixed Use
LISTING UPDATED: 06/26/2026 01:38 AM

Property Details for 185 North Lena Street

StatusActive
MLS #836359
Days on Market5
Taxes$10,857 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial / Multi-Use w/Res
Year Built1907
Lot Size0.00 AC / 0 SF
CountyOuray County

Location

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC - Montrose, Colleen Aller
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Building Information for 185 North Lena Street

Stories-Residences4Year Built1907Lot Size0.00 AC / 0 SF

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$58,211 per month

30 year fixed, 6.36% Interest

Principal and Interest

$57,306

Property Taxes

$905

HOA Dues

$0

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Property Information for 185 North Lena Street

Summary
Location and General Information
  • Directions: Town of Ridgway, North on Lena, Property on the left.
Parking
  • Carport Y/N: No
  • PARKING: On Street
Taxes and HOA Information
  • Tax Year: 2025
  • Total Taxes $: 10857
Property
Property and Assessments
  • FIPS Code: 08091
  • Legal/Lot Block: East 92 feet of Lots 11 and 12, in Block 34, Town of Ridgway.
  • Photo Count: 43
  • New Construction Y/N: No
  • Disclosures: Covenants
  • Covenants Y/N: YES
  • Board Name: MONTROSE ASSOCIATION OF REALTORS
  • Documents On File: Covenants, Equipment List, Plot Plan/Plat/Survey
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Restaurant, Bar, Special Use, Other, Multi-Flex/R & D, Mixed Use
  • Possible Property Use: Bar/Lounge, Lodging, Mixed-Use
  • Lot Dimension: Irregular
  • Parcel ID #: 4.30516247001E11
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Clearnetworx
  • DOMESTIC WATER: Public
  • Existing Utilities: Electric, Internet, Natural Gas, Other, Sanitary Sewer
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 4
Interior and Exterior Features
Room Information
  • 1/2 Baths: 3
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 9.00
Interior Features
  • Furnished: Unfurnished
  • Florring: Other
  • Foundation: Brick
  • Heating Fuel/Source: Electric
  • Cooling: Central A/C
  • Lighting: Other
Exterior Features
  • Roof: Other
Rental
Rental Information
  • CAM Y/N: No

Property History for 185 North Lena Street

DateEvent & SourcePriceAppreciation
Jun 21, 2026

Listed (Active)

CRENMLS #836359

$11,500,000—
Nov 20, 2025

Temporarily Off Market

TMLS #43099

—
Aug 26, 2025

Price Change

TMLS #43099

$1,500,000—
DateEvent & SourcePrice
06/21/2026

Listed (Active)

CRENMLS #836359

$11,500,000
11/20/2025

Temporarily Off Market

TMLS #43099

—
08/26/2025

Price Change

TMLS #43099

$1,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 185 North Lena Street

Taxable ValueLand$19,960Additions$26,260Total$46,220
Tax Record2021$1,171 ($98 / month)
Home Facts
Beds3Total Finished SqFt375 SqFtAbove Grade Finished SqFt375 SqFtLot Size10,650 SqFtStyleSingle Family ResidenceYear Built1882Year Renovated1990CountyOURAYAPN430516213006

Schools near 185 North Lena Street

This home is within Ridgway R-2 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Ridgway Elementary School
PublicPK to 5

Ridgway Middle School
Public6 to 8

Ridgway High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

185 North Lena Street is a mixed use property for sale in Ridgway, CO 81432. This property was listed for sale on June 22, 2026 by Keller Williams Realty Southwest Associates, LLC - Montrose, it's currently listed at $11,500,000. It has been on the market for a total of 5 days and was last sold on August 24, 2024. This listing's school district is Ridgway R-2 School District. Nearby schools include Ridgway Elementary School, Ridgway Middle School and Ridgway High School. 185 North Lena Street is a 0-bed, 9-bath, 13,415 sqft mixed use property built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC - Montrose, Colleen Aller

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.