Residential Land for Sale in Ridgway, Colorado

Beckie Pendergrass, Keller Williams Realty Southwest Associates, LLC - Montrose, C:,,: Premier Development Opportunity - Ideal for Multifamily or Mixed-Use in RidgwayPositioned 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.