Old Firehouse, The Hearth plus Pat’s Patio 185 N Lena St

Come see this iconic reconstruction of the historic “Firehouse” from the original True Grit movie fame. Located In the core of Ridgway, CO, the gateway to the San Juans. Now offered as 5 separate condos: CONDO A includes a state-of- the-art and professionally designed kitchen supporting a high-end restaurant, plus an event center within the space. This is a turn-key opportunity with employee housing, FFE and an amazing chef and event staff already in place. Known for spectacular scenery and a vibrant art and music scene, Ridgway is only 10 miles from Ouray, “The Switzerland of America”, and 38 miles from Telluride with world-class skiing, shopping and culture. This total reconstruction incorporates a complete foundation replacement of the original structure plus contiguous new construction. The flexible Event Space features numerous doors onto an outdoor patio which fronts on the very active Ridgway town park. A large, heated patio along the North aspect expands restaurant seating and provides additional event space. CONDO B is a hi-tech GREENHOUSE that supplies veggies, flowers and mushrooms to the restaurant. CONDO C is a Class A office space w/ approx 1500 SF and two separate HVAC systems. Also on the 2nd floor is CONDO D w/ 4 employee housing units, each w/balcony, washer/dryer, Heat pump (AC/ Heat), individually metered gas and electric as well as covered parking and storage. These units become "free market" in 18 more years! CONDO E is a spectacular PENTHOUSE. At slightly over 2000 SF this unit boasts views of the Cimarron Mountain Range as well as the Sneffel's Range, all the way up the Ouray Valley. The Old Firehouse was constructed by FCI Contractors, Inc. to meet or exceed the current Ridgway Standards (the 2018 IBC and the IECC). The restaurant comes complete with a “finishing kitchen” adjacent to the spacious and elegant bar. Every detail was contemplated by Bray and Co. Architects including one of the most incredible kitchens on the Western Slope, designed by renowned kitchen designer Jeffrey Katz. It has the capacity to serve a full restaurant and a wedding or event concurrently. Condo A is the entire ground floor, approx 7,000 SF of kitchen, restaurant and event space, priced at $6,500,000. Condo B (Greenhouse) is priced at $995,000. Condo C (Office) is $1,200,000. Condo D includes 4 Deed Restricted Employee Housing Units w/ parking and balconies, priced at $1,800,000. Condo E is the Penthouse being sold "AS IS". To date it is sheetrocked, fireplace and plumbing roughed in, high-end glass walls and a 671 SF snow-melted deck overlooking the town park. Priced at $2,250.000. The kitchen and restaurant have approximately $3 million of high-end equipment and fixtures. The Event Space is modular and can serve as overflow for the restaurant. A covered, heated patio expands the seating further. Absolutely high-end construction and finishes. Fully sprinkled with the latest fire suppression in the kitchen. Ridgway is a rapidly growing community in close proximity to Telluride, but has its own vibrant arts and music scene. A Farmers Market happens weekly throughout the summer as well as numerous free concerts on the “Hartwell Park Stage” just across the street. The Uncompahgre River runs through town and provides recreational opportunities and feeds the Ridgway Reservoir. The Ridgway Area Trails network attracts mountain biking enthusiast. It's an idyllic small town with a shocking amount of culture.
Ouray is a winter paradise and the Ice Climbing capitol of the lower 48. In the summer the population explodes and it becomes an outdoor and Jeeping destination for hikers, runners and climbers. 4 Hot Springs and a vapor cave attract year-round soakers and hunters. “Leafers” arrive in the fall for the vibrant colors. Ouray County is one of the most beautiful areas in the country for outdoor pursuits. The economy is much bigger than would be expected because Ridgway supports a huge geographic area from Silverton in the South to the Utah border in the West to Montrose and points beyond to the North and of course Telluride and the surrounding mesas. Affluent commuters flying to Telluride/ Montrose Regional Airport pass through Ridgway for shopping and dining. All this combines to create a robust hospitality economy.
RENT AND NOI #'S ARE ONLY FOR CONDO A, OTHER CONDOS ARE NOT YET LEASED AS OF THIS LISTING