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    337 Main St Montrose, CO 81401

    For Sale
    $1,500,000

    10,125 SF Retail Space - Investment Opportunity

    Property size:
    10,125 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 10,125 square foot retail property, located at 337 E MAIN Street in the heart of Montrose, CO, presents a unique investment opportunity. Situated in a prime central downtown location, this historic building offers significant potential for a variety of uses. The existing space includes two ADA-compliant restrooms, a freight elevator, and a modern passenger elevator, providing excellent accessibility and functionality. The property's current configuration is ideal for continued retail operations, allowing for immediate income generation and potential lease revenue. However, the versatile layout also lends itself to creative redevelopment. Imagine transforming this space into professional offices, residential apartments, live-work studios, or a dynamic mix of uses. The central location offers unparalleled access to Montrose's vibrant downtown area, with its diverse restaurants and shopping options. This property further benefits from an attractive tax advantage due to its Opportunity Zone designation, making it an even more compelling investment. The building's size and location make it an ideal candidate for a variety of commercial ventures, offering a strong return on investment for the discerning buyer. This is a rare chance to acquire a significant piece of Montrose's downtown landscape with substantial upside potential. Don't miss this opportunity to own a piece of Montrose's thriving commercial core.

    Property Features for 337 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    10,125 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Camera Clique Montrose Photography Studio Candace Miller Photography Photographer Country Flair Antique ... Home Goods Store Art from the Hartt Gift Shop Peak Life Photography Wedding Photographer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8771
    Latitude
    38.47937

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    FAQs

    What type of property is this?
    Retail property - 10,125 SF Retail Space - Investment Opportunity
    Where is this retail property located?
    The property is located at 337 Main St Montrose, CO.
    What is the asking price?
    The asking price for this property is $1,500,000.
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    337 Main St 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
    337 Main St Montrose, CO 81401
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