18 Mayfly Dr Montrose, CO 81401
- Land
- 2.20 lot acres
Current Use by Public Records
- Land
Property Details for 18 Mayfly Dr
- Lot size
- 2.20 lot acres
- Property type
- Land
Description
This exceptional 2.198-acre commercial lot (APN 376728245003) in Montrose, CO (81401), is ideally situated on the Uncompahgre River and the new Montrose Connect Bike Trail. Boasting stunning San Juan Mountain views, this I-1 zoned property offers unparalleled access and visibility. Located on Lot 18 Mayfly Drive, it sits between Mayfly Drive and a pond, eliminating any open space or water detention requirements due to prior mitigation efforts. The property features cross-access parking and benefits from its location within the Montrose Opportunity Zone, Rural Enterprise Zone, and Montrose Urban Renewal Authority (MURA) boundaries, making it eligible for various state and local incentives. Nearby developments include the Montrose White Water Park, the Montrose Rotary Amphitheater, Basecamp Apartments, the future Shelter Distillery headquarters, and the currently under-construction Fairfield by Marriott and Colorado Outdoors Medical Center. This is a unique opportunity to acquire a prime commercial parcel in a rapidly growing area, offering exceptional potential for development. The asking price is $1,340,500 and the sale is structured for a 1031 exchange.
Value Estimation
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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
