Tom Barnabic - Coldwell Banker Prime Properties
505 South 2nd Street
Montrose, CO 81401

Description

Incredible investment opportunity in the heart of Montrose. Blocks from Montrose Memorial Hospital, across the street from Montrose City offices and Colorado Mesa University. Multiple income generating uses possible due to the property's centralized location and large open floor plan. There are two large two bedroom two bath apartments attached to this property ready to generate immediate income. Extensive updates are in process in the apartments including new flooring and paint. The property has a partially finished, very usable, basement with an operational elevator for easy access. There are also two walk in coolers. While the potential uses of this property are many, a couple of obvious ones include, a church facility or conversion to an office suite complex.

Details

MLS#743258
Sub-TypeResale
StatusActive
Year1979
Days On Site134

Features

SQ Feet7,885
Story(s)1
Units3
Zoningcommercial

Market Activity 81401

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Area Information

StateCO
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$675,000
low | high
Med:
$99,000
100% of Average
SqFt:
7,885
low | high
Med:
0
100% of Average
$ / SqFt:
$86
low | high
Med:
$0
100% of Average
On Site:
134
low | high
Med:
138
97.101449275362% of Average
Listing Updated: 08/13/2018
MLS Number: 743258
Listing Provided By:
Roger Lord  of  Shaffer Real Estate



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