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    845 S Townsend Ave Montrose, CO 81401

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    For Sale
    $350,000

    988 sq ft commercial building on corner lot for sale.

    Property size:
    988 SF
    Lot size:
    0.08 Acres

    Property Features for 845 S Townsend Ave

    General Information

    Size
    988 SF
    Lot size
    0.08 Acres

    Source: Renfrow Realty Agent John Renfrow

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

    Overview

    Corner Lot Commercial Building

    This 988 sq.ft. commercial building is suitable for retail or office use. It is located on a corner lot and includes off-street parking. The property is currently occupied, presenting an investment opportunity. It is zoned B-2 in the City of Montrose. The property benefits from its location on South Townsend Avenue, across from Montrose High School, offering excellent visibility. Situated at a signalized interchange, the location experiences high traffic volume.
    Insight Report Location Intelligence

    Current Use by Public Records

    USC Labor Solutions, ... Employment 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
    -107.8700642
    Latitude
    38.4721481

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    FAQs

    What type of property is this?
    Office space - 988 sq ft commercial building on corner lot for sale.
    Where is this office space located?
    The property is located at 845 S Townsend Ave Montrose, CO.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - High traffic count location at a signalized interchange.; - **Excellent visibility due to corner lot location.**; - Zoned B-2 in the City of Montrose, suitable for retail or office.
    (970) 240-0550
    Request Owner's contact information
    845 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
    845 S Townsend Ave Montrose, CO 81401
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