Current Use by Public Records
- Land
Property Details for 22 Mayfly Dr
- Lot size
- 0.64 lot acres
- Property type
- Land
Description
This exceptional 0.638-acre commercial lot in Montrose, Colorado (Lot 21 Mayfly Drive, zip code 81401), presents a unique investment opportunity. Situated between the Uncompahgre River and a private pond, adjacent to the Montrose Connect Bike Trail, this I-1 zoned property boasts stunning San Juan Mountain views and river frontage. The lot's size is ideal for a 5,000 to 10,000 square foot building, potentially incorporating first-floor commercial space and second-floor residential units overlooking the river. Importantly, open space and water detention requirements have already been addressed. The property benefits from cross-access parking and its location within the Montrose Opportunity Zone, Rural Enterprise Zone, and Montrose Urban Renewal Authority (MURA) boundaries makes it eligible for various state and local incentives. Nearby amenities include the Montrose White Water Park, the Montrose Rotary Amphitheater, Basecamp Apartments, the future Shelter Distillery headquarters, a new Fairfield by Marriott hotel (under construction), and the Colorado Outdoors Medical Center (also under construction). The private pond, not subject to Army Corps of Engineers regulations, offers potential for expansion and provides free irrigation. This is a truly exceptional opportunity to develop a unique property in a rapidly growing area. Asking price is $389,100, and the sale is structured for a 1031 exchange.
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
- -107.892
- Latitude
- 38.4855
