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Prime Ridgway Town Core Property with ADU, Build Potential & Mountain Views The Town of Ridgway, Colorado continues to be one of the most sought-after markets in Southwest Colorado, prized for its unmatched mountain scenery, walkable town core, and immediate access to the world-class recreation of Ouray, Telluride, and Montrose. This exceptional property sits at the intersection of lifestyle, investment opportunity, and future development potential. Located in the highly desirable Ridgway Town Core, this property allows you to walk or bike to the Mountain Market, local coffee shops, restaurants, parks, schools, and community events. Buyers are drawn here not only for convenience, but for the authentic small-town atmosphere that continues to drive demand and value. The lot itself is a full-sized, level parcel with expansive views of the Cimarron Range, alley access, and all utilities available-a rare combination made possible by Ridgway's historic zoning established over a century ago. This zoning allows for both a main residence and an accessory dwelling unit (ADU), making the property especially appealing to builders, investors, and buyers seeking flexible use. The current owners strategically began development with the guest home / ADU, positioning it at the rear of the lot to preserve the ability to construct a future primary residence on the front portion of the property. The ADU was intentionally designed for residential living, live/work use, or income-producing applications. The lower level offers a highly functional layout, with approximately half of the space dedicated to a heated and cooled garage. The remaining portion is fully roughed-in for a future bathroom and includes alley access-ideal for additional residential space, studio, office, soft commercial use, or storage. The design allows flexibility for two garage bays, workshop space, or hybrid commercial-residential use. Upstairs, the residential living space is beautifully finished and filled with natural light. An interior staircase leads to an open and airy upper level featuring a well-appointed kitchen with quality cabinetry, wood and metal design accents, and knockout mountain views to the east and south. A full bath serves the living area, while the rear rooms are perfectly sized for bedrooms, offices, or creative studio space. The exterior blends wood, stucco, and weathered metal, with intelligently designed overhangs and covered areas tailored to Ridgway's sun exposure and seasonal weather. Thoughtfully placed fencing and concrete surfaces provide practical solutions for parking, pets, storage, and low-maintenance living. From an investment standpoint, this property is eligible for both long-term and short-term rentals, subject to Town of Ridgway guidelines. Even more compelling: there is no HOA and no covenants, offering true freedom for future use and development. Utilities and access for a future primary residence are already engineered, making expansion straightforward and cost-efficient. Whether you're an investor seeking rental income, a builder looking for a prime in-town lot, or an outdoor enthusiast wanting a Ridgway base near hiking, jeeping, climbing, skiing, and Telluride festivals, this property stands out as a rare opportunity. Enjoy it exactly as it is-or build something truly special. Either way, this is a highly flexible Ridgway property with lasting value in the heart of Southwest Colorado. Schedule your showing today and explore the possibilities.
139 S Charlotte St Ridgway, CO 81432
