400 Palomino Trail
400 Palomino Trail Ridgway, Colorado 81432 United States

$1,150,000
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COW CREEK SUITES. One of the area's longest running and most popular vacation rental properties can be yours. As reported by VRBO, for the past several years these vacation rentals have consistently outperformed 90-95% of their market - a market...

Listing Courtesy of Redmond Realty, LLC

Listing Courtesy of Redmond Realty, LLC
$1,150,000
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1
Full Bath
1
Partial Bath
1,952 Sq Ft.
Interior
.23 Acres
Exterior
Commercial
Property type
2006
Year Built
797857
Web Id
797857
MLS ID
Other
Subdivision

About 400 Palomino Trail

COW CREEK SUITES. One of the area's longest running and most popular vacation rental properties can be yours. As reported by VRBO, for the past several years these vacation rentals have consistently outperformed 90-95% of their market - a market comprised of some 1500 listed properties and including the towns of Telluride and Ouray. The occupancy rate for 2021 was 90%, yielding an attractive 4.1 percent cap rate. Over the previous five-year period the occupancy rate totaled 64%. Growth prospects remain excellent - entering 2022 the property was already 55% booked. THE PROPERTY. Custom designed and built, the two-story, 1952 sq. ft., western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of town with beautiful mountain and pasture views all around. The zoning is General Commercial with mixed uses and live-work arrangements allowed, affording flexible future use options, and avoiding any of the controversies of short-term rentals in residential zones. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. Irrigation water provided by the HOA. Building is highly energy efficient with two-zone central heating and air conditioning provided by an air-source all-climate heat pump (no fossil fuels burned on the premises). The property comes with an extraordinary number of high quality and hard-to-find features. The agent has all the details.

Listing Courtesy of Redmond Realty, LLC, CREN MLS

Amenities

  • A/C

features

lot description
Public Transportation, laminate flooring

PROPERTY INFORMATION

Cooling
Central A/C, Forced Air
Parking Description
2-10 Total Spaces
Sewer
Public Sewer Installed, Sewer Tap Paid

EXTERIOR

Roofing
Metal

INTERIOR

Flooring
Laminate

ADDITIONAL INFORMATION

Number of Units
2
Listing Courtesy of Redmond Realty, LLC
This Ridgway Commercial is for Sale at $1,150,000 USD and was built in 2006. Has 1,952 Sq.Ft. on a lot of .23 Acres1 full baths and 1 partial baths.

 

Listing Courtesy of Redmond Realty, LLC

Listing Courtesy of Redmond Realty, LLC
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