470, 480 Kismet St

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470, 480 Kismet St

Ridgway, CO 81432
Asking Price
$289K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The site consists of 0.28 acres of commercial land.
  • Property is situated in the mountain town of Ridgway.
  • Offered for sale with an asking price of $289,000.
  • Located at the intersection of 470 and 480 Kismet St.
  • The land is positioned within the scenic San Juan Mountains.

What's Special

Ridgway serves as a scenic mountain community within Ouray County, offering a gateway to the rugged landscape of the San Juan Mountains. This commercial land site at 470 and 480 Kismet St encompasses 0.28 acres, presenting a development prospect in a growing region of southwestern Colorado. The area attracts visitors year-round for outdoor recreation, supporting a local economy that balances tourism with small-town business needs. Prospective buyers might consider this parcel for various commercial applications consistent with local zoning. The site provides space for businesses looking to establish a footprint in this corridor, benefitting from the accessibility of the Ridgway market. Given the surrounding topography and established community character, this land is suitable for commercial projects that complement the unique architectural and economic landscape of the area.

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NOI
$80,000
Cap Rate
27.68%
DSCR
4.66
Strong
Cash-on-Cash
72.48%
Monthly Payment
$1,429.814
Annual Cash Flow
$62,842.228

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