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    35 Hotchkiss Ave Montrose, CO 81403

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    For Sale
    $1,195,000

    Commercial building with bar, restaurant, and expansion potential.

    Lot size:
    0.28 Acres

    Property Features for 35 Hotchkiss Ave

    General Information

    Lot size
    0.28 Acres

    Source: Eagle Land Brokerage Agent Joseph Burns

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building with Expansion Potential

    This commercial building, located at the corner of Hotchkiss Avenue and Highway 550, was constructed in the 1980s and renovated between 2010 and 2014. The building, designed in the style of an early 20th-century National Park Lodge, includes bar equipment, fixtures, and furnishings, with some exclusions. Additional lots to the north of the building provide parking and room for future building expansion. The restaurant is suited for music and entertainment, featuring a loft that provides a view of the restaurant and bar below. A 12-foot wide wrap-around porch doubles the seating capacity during the summer months. The property is suitable for restaurants, retail properties, and bars.
    Insight Report Location Intelligence

    Current Use by Public Records

    County Line Road ... County Government Office

    Suggested Use

    Hotel & Motel Department Store Kitchen & Bath Grocery Store Convenience Store Bakery Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.7795144
    Latitude
    38.3262287

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    FAQs

    What type of property is this?
    Restaurant - Commercial building with bar, restaurant, and expansion potential.
    Where is this restaurant located?
    The property is located at 35 Hotchkiss Ave Montrose, CO.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - Ample parking and room for future building expansion.; - Includes bar equipment, fixtures, and furnishings (some exclusions apply).; - Renovated between 2010-2014.
    (970) 249-4300
    Request Owner's contact information
    35 Hotchkiss Ave Montrose, CO 81403
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    Montrose, CO 81403
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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
    35 Hotchkiss Ave Montrose, CO 81403
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