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Mixed-Use Building with Shop Space

614 N 1st Street, Montrose, CO 81401

For Sale
$479,888

B-1 zoning, alley access, and a partially finished lower level add flexibility to the building’s configuration.

Property Size2,445 SF
Price / SF$196.27
Days on Market9

Property Features for 614 N 1st Street

General Information

Standard status Active
Size 2,445 SF
Property subtype Commercial
Zoning Business, Commercial, B-1

Additional Details

Opportunity Zone Yes
Road Access Yes

Building Details

Building Size 2,445 SF
Year Built 1966
Buildings 1
Units 1
Listing Agency: Renfrow Realty
Listed By: John Renfrow · License CO ER.040036477
Source: Alpenglowproperties
Added: Nov 2 Changed: Nov 7 Last Checked: Nov 9 at 4:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Renfrow Realty

Rey
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Investment Insights

Based on property information with market context.

The building provides approximately 2,445 square feet on the main level, with a partially finished basement of about 1,000 square feet. Its ground floor contains an open lobby, two private offices, two restrooms, storage, and shop space with an overhead door. The property is presented for office, retail, residential, or mixed-use occupancy, and carries a B-1 zoning designation.

An alley provides a secondary point of access for deliveries or entry. The property is one block from Main Street in Montrose and is designated within an Opportunity Zone.

Key Highlights

  • Approximately 2,445 SF on the main level
  • About 1,000 SF of partially finished basement space
  • Main floor includes two private offices, two restrooms, lobby, storage, and shop space

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Krey Television Studio Urban and Rural Survival Training Center

Suggested Use

Top Pick Locksmith Parking Lot & Garage Butcher (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,617
Businesses Nearby
102k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 46% Groceries 30% Shops & Services 17% Home Improvements & Furnishings 7%
City Market Groceries
30,253 visits/mo 0.5 miles
McDonald's Dining
18,751 visits/mo 0.3 miles
Taco Bell Dining
10,760 visits/mo 0.5 miles
Burger King Dining
9,661 visits/mo 0.4 miles
Shell Shops & Services
9,258 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - B-1 zoning, alley access, and a partially finished lower level add flexibility to the building’s configuration.
Where is this mixed-use property located?
The property is located at 614 N 1st Street Montrose, CO.
What is the asking price?
The asking price for this property is $479,888.
What are key features of this property?
This property features: Approximately 2,445 SF on the main level; About 1,000 SF of partially finished basement space; Main floor includes two private offices, two restrooms, lobby, storage, and shop space
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