Shovel-Ready Multi-Use Development
For Sale
$999,999
Oxbow Drive, Montrose, CO 81401
LAND, Montrose, CO
Property SizeContact for details
Lot Size1.74 Acres
Days on Market123
Property Features for Oxbow Drive
General Information
Property type
Land
Property subtype
Other
Directions
From Main & Townsend, South on Highway 550, Left on Oxbow Drive, Property on the northwest corner of Oxbow Drive and Woodgate
Standard status
Active
Lot size
1.74 Acres
Listing Agency:
NextHome Virtual
(970) 258-9300
Listed By:
Shawn Carroll · License #ER40000042
(970) 258-9300
Added: Apr 25
Changed: Aug 19
Last Checked: Aug 25 at 9:06PM
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.
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
Property Analytics
Current Use
Lease Details
2
Office units
26
Residential units
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 81401, CO
23,266
Population
10,782
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
200.2 sq mi
ZIP Area
116
Density / Sq Mi
$63,541
Median Household Income
$36,548
Median Earnings
$1,090
Median Rent
$343,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
