$1,150,000
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400 Palomino Trail Ridgway, CO 81432
Mixed Use
Residence
Beds
1
Baths
...
Bed/Bath
1,952
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
COW CREEK SUITES. One of the areaâs 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 includi...ng 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. See the listing agent for photos, reviews, and rates. 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. The property comes with an extraordinary number of high quality and hard-to-find features â see the listing agent for all the details.
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MLS#
782541
Property Type
Mixed Use
Bathrooms
1 Full
Year Built
2006
Square Feet
1,952
sq. ft
Price per Sq. Ft.
$589.14
Lot Size
0.22
Stories
2.0
Sewer
Public Sewer, Fee Paid
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