Fully Leased Three-Unit Office
For Sale
$600,000
1020 S Townsend Avenue, Montrose, CO 81401
COMMERCIAL, Montrose, CO
Property Size2,231 SF
Lot Size0.26 Acres
Price / SF$268.94
Days on Market374
Property Features for 1020 S Townsend Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Half bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Directions
Heading South on Townsend Ave. The offices will be on your right.
Standard status
Active
Size
2,231 SF
Lot size
0.26 Acres
Building Details
Year built
1964
Listing Agency:
Colorado Land Home & Ranch
(970) 249-5646
Listed By:
Twyla Righter · License #FA100080950
(626) 644-9070
Added: Aug 15, 2025
Changed: Aug 19
Last Checked: Aug 23 at 9:06AM
MLS# 827574
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Investment Insights
Based on property information with market context.
Three-unit office building on a 0.26-acre lot at 1020 S Townsend Avenue in Montrose, Colorado. Built in 1964 and totaling 2,231 square feet, the property is configured with three bathrooms and three individual office units. Two of the units are described as occupied by stable, active tenants on long-term lease agreements.
The building is positioned in downtown Montrose and presented as an income-oriented commercial asset. It is described as well maintained and professionally managed, with tenant stability highlighted as a key element of the current operating profile.
For prospective tenants or owners seeking a multi-unit office configuration in a central downtown setting, this property offers a straightforward three-unit layout with existing lease tenancy described for two units and a foundation of day-to-day management.
The building is positioned in downtown Montrose and presented as an income-oriented commercial asset. It is described as well maintained and professionally managed, with tenant stability highlighted as a key element of the current operating profile.
For prospective tenants or owners seeking a multi-unit office configuration in a central downtown setting, this property offers a straightforward three-unit layout with existing lease tenancy described for two units and a foundation of day-to-day management.
Key Highlights
- 0.26‑acre lot at 1020 S Townsend Avenue, Montrose, CO 81401
- 2,231 SF three‑unit office building
- Built in 1964
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 81401, CO
23,266
Population
10,782
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
200.2 sq mi
ZIP Area
116
Density / Sq Mi
$63,541
Median Household Income
$36,548
Median Earnings
$1,090
Median Rent
$343,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three-unit office building built in 1964, with two units occupied on long-term leases.
Where is this office units located?
The property is located at 1020 S Townsend Avenue 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: 0.26‑acre lot at 1020 S Townsend Avenue, Montrose, CO 81401; 2,231 SF three‑unit office building; Built in 1964
