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    1020 S Townsend Ave Montrose, CO 81401

    For Sale
    $600,000

    Multi-Use - Montrose, CO

    Property size:
    2,231 SF
    Lot size:
    0.26 Acres
    Days on Market:
    114
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 1020 S Townsend Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,231 SF
    Lot size
    0.26 Acres

    Building Details

    Year built
    1964
    Architectural style
    Other

    Colorado Land Home & Ranch, LLC (970) 596-1689 [email protected]

    Listing agent Twyla Righter (970) 596-1689

    Listing date Aug 15, 2025

    MLS# 827574 Listing URL

    Copyright © 2025 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Montrose Commercial Building

    This fully leased commercial building is located in downtown Montrose. The well-maintained property features three individual units. Two units are occupied by stable, active tenants on long-term lease agreements, providing consistent income. The property benefits from heavy foot and vehicle traffic, making it suitable for retail or professional service tenants. The surrounding area includes a mix of businesses, restaurants, and amenities. The property is professionally managed and well maintained. The building is positioned in a high-visibility location in a central downtown location that is walkable and accessible. The lot size is 0.26 acres and the property size is 2231 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brethouwer N Robert ... Osteopath Mc Comb Sherry Nursing Agency Novo Spa Spa CleanCo Janitorial Service Farmers Insurance - Kaleb ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8691913
    Latitude
    38.4707358

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    FAQs

    What type of property is this?
    Retail property - Fully leased commercial building in downtown Montrose with strong tenant history.
    Where is this retail property located?
    The property is located at 1020 S Townsend Ave Montrose, CO.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Fully leased commercial building in the heart of downtown Montrose, providing immediate and consistent income.; - High cap rate, offering an attractive return on investment.; - Strategically positioned in a high-visibility location with heavy foot and vehicle traffic.
    (970) 596-1689
    Request Owner's contact information
    1020 S Townsend Ave Montrose, CO 81401
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    Montrose, CO 81401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020 S Townsend Ave Montrose, CO 81401
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