1 Government Springs Rd Montrose, CO 81403
This exceptional 68-acre commercial land parcel, located at TBD Ponderosa 1 Government Springs Rd, Montrose, CO 81403, presents a unique investment opportunity. Situated in the Montrose-Telluride area, this property boasts breathtaking views of the San Juan, Cimarron, and West Elk Mountains. The land features rolling topography, seasonal creeks and ponds, and has undergone recent brush thinning for fire mitigation. Mature Ponderosa pines dominate the forested areas, complemented by scattered pinion, juniper, and oak brush. Lush meadows and draws add to the property's natural beauty. Access is year-round via paved county roads and private, gated gravel roads. Utilities including power and natural gas are readily available. The property's adjacency to the Cornerstone Club, an 18-hole Greg Norman golf course, enhances its desirability. Wildlife is abundant, with elk, deer, moose, turkey, bear, and mountain lion roaming the area. The location offers convenient access to Telluride ski slopes (under an hour), Ouray's ice climbing, and Montrose Regional Airport (less than 30 minutes), which provides direct flights to major US cities including Boston, Denver, Dallas, Chicago, Houston, Los Angeles, Phoenix, New York, San Francisco, and Charlotte. This property is ideal for a variety of uses, making it a truly exceptional investment opportunity in the heart of Western Colorado. The asking price is $918,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.