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    3400 Rio Grande Ave Montrose, CO 81401

    Sponsored
    For Lease
    Contact for pricing

    Large retail space, sublease opportunity.

    Lot size:
    25,271 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 25,271 square foot retail space is located at 3400 S. Rio Grande Avenue in Montrose, Colorado, zip code 81401. The property is a single-tenant space within a thriving retail center, offering a sublease opportunity extending through March 2032. This represents the last available space in this highly sought-after location. The property benefits from its adjacency to Hobby Lobby and its proximity to other major retailers, including Target, Ross, Marshalls, and Sportsman's Warehouse. This prime location ensures high visibility and significant foot traffic, making it an ideal opportunity for a variety of retail businesses. The property is classified as neighborhood retail within Montrose County. The property's size and location provide a strong foundation for a successful retail operation. This is a unique opportunity to secure a substantial retail presence in a vibrant and growing community. Interested parties should act quickly as this is the last remaining space available in the center. The property is situated at 38.4447726 latitude and -107.8704198 longitude.

    Property Features for 3400 Rio Grande Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,271 SF

    Unit(s) available at that property

    Space
    Size
    25,271 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Hobby Lobby Craft Store The SALON by InStyle ... Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8704198
    Latitude
    38.4447726

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    FAQs

    What type of property is this?
    Neighborhood center - Large retail space, sublease opportunity.
    Where is this neighborhood center located?
    The property is located at 3400 Rio Grande Ave Montrose, CO.
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    3400 Rio Grande 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
    3400 Rio Grande Ave Montrose, CO 81401
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