Current Use by Public Records
- Land
Property Details for 50/Iron Horse Dr
- Lot size
- 46.73 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 46.73-acre property in Montrose, Colorado (zip code 81401), presents a remarkable investment opportunity. Located at TBD Highway 50/Iron Horse Dr, this vacant land boasts dual zoning – B-2A (Regional Commercial) and R-3 (Medium Density Residential) within the City of Montrose – offering unparalleled versatility for development. The property includes 49.3 shares of irrigation water, a significant asset for various projects. Its level topography simplifies construction, and proximity to utilities ensures ease of development. Enjoy convenient access to Montrose's amenities while basking in the tranquility of a rural setting, yet without the burden of a homeowner's association (HOA). The expansive views of the San Juan Mountain Range add to the property's allure. This land is ideally suited for a wide range of projects, including single-family homes, multifamily dwellings, storage facilities, hotels, retail spaces, and restaurants. The seller is open to negotiating the sale of smaller parcels and may consider owner financing under favorable terms. This is a rare chance to acquire a substantial, versatile tract of land with exceptional development potential in a thriving Colorado community.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.844
- Latitude
- 38.4888
