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    50/Iron Horse Dr Montrose, CO 81401

    Sponsored
    For Sale
    $1,390,000

    Prime Montrose land: development ready, stunning views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 46.73-acre property in Montrose, Colorado (zip code 81401), presents a remarkable investment opportunity. Located at TBD Highway 50/Iron Horse Dr, this vacant land boasts dual zoning – B-2A (Regional Commercial) and R-3 (Medium Density Residential) within the City of Montrose – offering unparalleled versatility for development. The property includes 49.3 shares of irrigation water, a significant asset for various projects. Its level topography simplifies construction, and proximity to utilities ensures ease of development. Enjoy convenient access to Montrose's amenities while basking in the tranquility of a rural setting, yet without the burden of a homeowner's association (HOA). The expansive views of the San Juan Mountain Range add to the property's allure. This land is ideally suited for a wide range of projects, including single-family homes, multifamily dwellings, storage facilities, hotels, retail spaces, and restaurants. The seller is open to negotiating the sale of smaller parcels and may consider owner financing under favorable terms. This is a rare chance to acquire a substantial, versatile tract of land with exceptional development potential in a thriving Colorado community.

    Property Features for 50/Iron Horse Dr

    General Information

    Property type
    Farms
    Lot Size
    2,035,559 SF

    HighLights

    • 46.73‑acre vacant land parcel in Montrose, CO (81401).
    • 49.3 shares of irrigation water included.
    • B‑2A (Regional Commercial) and R‑3 (Medium Density Residential) zoning in the City of Montrose.
    • Level lot, ready for development of single‑family homes, multifamily housing, storage facilities, hotels, retail, or restaurants.
    • Utilities readily accessible.
    • Easy access; no HOA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.84410944987
    Latitude
    38.488817181006

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    FAQs

    What type of property is this?
    Farm - Prime Montrose land: development ready, stunning views.
    Where is this farm located?
    The property is located at 50/Iron Horse Dr Montrose, CO.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: 46.73-acre vacant land parcel in Montrose, CO (81401).; 49.3 shares of irrigation water included.; B-2A (Regional Commercial) and R-3 (Medium Density Residential) zoning in the City of Montrose.
    Request Owner's contact information
    50/Iron Horse Dr 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
    50/Iron Horse Dr Montrose, CO 81401
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