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    21049 Uncompahgre Rd Montrose, CO 81403

    For Lease
    Contact for pricing

    Historic Montrose hotel, ideal for redevelopment.

    Lot size:
    9,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 9,420-square-foot retail property, currently vacant, presents a unique investment opportunity in Montrose, Colorado. Situated on a 2.21-acre lot (87,356 square feet), this three-story building boasts a rich history, having been constructed in 1915 and renovated in 1993. The property is zoned for General Agricultural District “A,” offering flexibility for various uses. The single-tenant building presents a blank canvas for adaptive reuse, particularly well-suited for projects such as addiction treatment centers or wellness and mental health retreats, as previously suggested. The substantial size and ample land provide significant potential for expansion or development. The property's location in Montrose County, Colorado, offers access to a growing community and attractive natural surroundings. With its considerable square footage and prime location, this property represents a compelling opportunity for investors seeking a unique and versatile asset in a desirable market. The existing structure provides a solid foundation for a new venture, while the expansive lot allows for future growth and development. The property's history adds character and charm, making it an attractive proposition for businesses seeking a distinctive presence in Montrose. All interested parties are encouraged to conduct their own due diligence.

    Property Features for 21049 Uncompahgre Rd

    General Information

    Property type
    Hotels
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,420 SF

    Building Details

    Year Built/Renovated
    1915/1993
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space
    Size
    9,420 SF

    HighLights

    • Fully furnished and decorated.
    • Includes bedding and linens.
    • Window coverings provided.
    • Equipped kitchen with appliances.
    • Kitchen fully stocked with cookware, dishes, and silverware.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Old School Lodge Lodge

    Suggested Use

    Realty agency Building Supply Hotel & Motel Department Store Kitchen & Bath Storage Facility Discount Store Veterinary Clinic Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8162751
    Latitude
    38.377512

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    FAQs

    What type of property is this?
    Hotel - Historic Montrose hotel, ideal for redevelopment.
    Where is this hotel located?
    The property is located at 21049 Uncompahgre Rd Montrose, CO.
    What are key features of this property?
    This property features: Fully furnished and decorated.; Includes bedding and linens.; Window coverings provided.
    Request Owner's contact information
    21049 Uncompahgre Rd Montrose, CO 81403
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    21049 Uncompahgre Rd
    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
    21049 Uncompahgre Rd Montrose, CO 81403
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