Oxbow Drive Montrose, CO 81401

Listing agent Shawn Carroll License #ER40000042 Show Phone

Listing office NextHome Virtual s***@nexthomevirtual.com Montrose, CO Show Phone

Listing date Apr 25, 2026

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MLS# 829430

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Investment Insights

Based on property information with market context.

This shovel-ready development parcel totals 1.736 acres and comes with a city-approved permit for a 26-unit apartment complex that includes two main-level commercial spaces. The permit was issued under the 2023 code, and the permit must be picked up by February 2026. The listing indicates the site is prepared to move forward with development upon obtaining the permit documentation.

The property is located in Montrose, Colorado, on Oxbow Drive, and is described as being across from the Montrose Recreation Center. It is also presented as being within walking distance of shops, restaurants, an elementary school, and a bike path.

For developers or housing operators seeking a mixed-use apartment concept, this parcel offers an approved starting point that combines residential units with street-level commercial space. With the permit already in place, the primary next step is complying with the permit pickup requirement by February 2026 and proceeding with the planned buildout.

Key Highlights

• 1.7‑acre development site in Montrose, Colorado
• City‑approved, shovel‑ready permit for a 26‑unit apartment complex
• Permit includes two main‑level commercial spaces

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FAQs

What type of property is this?

Residential land & home lot - 1.736-acre site with a city-approved permit for 26 apartments and two main-level commercial spaces.

Where is this residential land & home lot located?

The property is located at Oxbow Drive Montrose, CO.

What is the asking price?

The asking price for this property is $999,999.

What are key features of this property?

This property features: 1.7‑acre development site in Montrose, Colorado; City‑approved, shovel‑ready permit for a 26‑unit apartment complex; Permit includes two main‑level commercial spaces