Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Main St Montrose, CO 81401-3811

    Sponsored
    For Sale
    $1,200,000

    Prime location, high-return potential.

    Property size:
    3,261 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 3,261 sq ft motel in Montrose, CO, presents a lucrative investment opportunity. Built in 1955 and renovated in 2000, this single-story building sits on a 0.57-acre lot with 15 parking spaces. The property boasts seven suites, four bathrooms, and five separate entrances, enhancing guest privacy and convenience. Amenities include an outdoor pool, a cooking area, and private patios. A manager's suite with a kitchen and bathroom is included. Located on E Main Street, it offers excellent visibility and is within walking distance of local restaurants. The property is zoned B2 and features fireplaces in the suites. The asking price is $1,200,000. Seller financing is available. Note: Transfer of deed and closing are contingent upon a successful subdivision split with the City of Montrose, estimated for completion in April 2025. This property offers easy access to Montrose Regional Airport and proximity to popular destinations like Telluride, Silverton, Ridgeway, Ouray, Grand Junction, and Durango. The property's potential extends to various ventures, including boutique hotels, Airbnb, lifestyle accommodations, or wedding venues.

    Property Features for 0 Main St

    General Information

    Property type
    Motels
    Square Feet
    3,261 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built/Renovated
    1955/2000
    Buildings
    1
    Stories
    1

    HighLights

    • 3,261 sq ft motel on a 0.57‑acre lot with 15 parking spaces.
    • Guest check‑in area; manager's suite with kitchen and bath.
    • Seven suites, four bathrooms, and five separate entrances.
    • Fireplaces, private patios, outdoor cooking area, and outdoor pool.
    • Prime Main Street location, walking distance to restaurants.
    • Seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.86182025
    Latitude
    38.48798175

    Nearby Similar for Sale

    • $570,000
      1,308 SF

      Downtown Montrose Restaurant Opportunity

      Turnkey restaurant property in downtown Montrose with outdoor seating.
      1047 N 1St St, Montrose, CO 81401
      View Details
    • $1,099,000
      4,903 SF

      Montrose Fourplex: Investment Opportunity

      Well-maintained fourplex in Montrose, Colorado, with long-term development potential.
      2091 Locust Rd, Montrose, CO 81401
      View Details
    • $570,000
      1,308 SF

      Downtown Montrose Restaurant Opportunity

      Turnkey restaurant property in downtown Montrose with outdoor seating.
      1047 N 1St St, Montrose, CO 81401
      View Details
    • $696,000
      2,740 SF

      Duplex with Irrigated Farmland

      Duplex on 12.89 acres with heated workshop and farmland.
      62915 Spring Creek Rd, Montrose, CO 81403
      View Details
    • $3,200,000
      299.30 Acres

      Montrose Ranch with Development Potential

      285-acre working cattle ranch with highway frontage and development potential.
      299+ Acres Sunnyside Rd, Montrose, CO 81401
      View Details
    • $949,500
      9,500 SF

      Downtown Montrose Investment Opportunity

      Fully leased commercial property in historic downtown Montrose.
      33 N 1St St, Montrose, CO 81401
      View Details
    • $575,000
      2,817 SF

      Downtown Montrose Commercial Property

      Prime commercial building in downtown Montrose with historic charm.
      308 E Main St, Montrose, CO 81401
      View Details
    • $600,000
      2,231 SF

      Downtown Montrose Commercial Building

      Fully leased commercial building in downtown Montrose with strong tenant history.
      1020 S Townsend Ave, Montrose, CO 81401
      View Details
    • $460,000
      1,843 SF

      Montrose Multi-Use Live/Work Property

      2.71 acres, B-3 zoning, live/work potential, highway access.
      12309 6300 Rd, Montrose, CO 81401
      View Details
    • $670,000
      3,284 SF

      Downtown Montrose Restaurant Opportunity

      3,284 SF restaurant with equipment included in downtown Montrose.
      647 E Main St, Montrose, CO 81401
      View Details
    • $889,000
      7,416 SF

      Historic Building on Main Street

      Charming historic building suitable for retail, office, or studio.
      38 W Main St, Montrose, CO 81401
      View Details
    • $649,000

      Valley Lawn Cemetery For Sale

      Operational cemetery with expansion land and maintenance shop in Montrose.
      17769 Highway 550, Montrose, CO 81403
      View Details

    FAQs

    What type of property is this?
    Motel - Prime location, high-return potential.
    Where is this motel located?
    The property is located at Main St Montrose, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 3,261 sq ft motel on a 0.57-acre lot with 15 parking spaces.; Guest check-in area; manager's suite with kitchen and bath.; Seven suites, four bathrooms, and five separate entrances.
    Request Owner's contact information
    Main St Montrose, CO 81401-3811
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Main St
    Montrose, CO 81401-3811
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Main St Montrose, CO 81401-3811
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.