605 1St St Montrose, CO 81401
- Mixed-use properties
- 2,231 SF
- 0.12 lot acres
Current Use by Public Records
- Aspen Ridge Insurance / Insurance Agency
Property Details for 605 1St St
- Year built
- 1905
- Lot size
- 0.12 lot acres
- Property size
- 2,231 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property at 605 & 605 1/2 N 1st Street in Montrose, CO, presents a unique investment opportunity. The 2,231 square foot building sits on a 0.12-acre lot and offers a blend of commercial and residential space. The main level comprises a spacious office area, perfect for a variety of businesses. This level includes ample room for multiple desks, a private office, a full bathroom, and a convenient kitchen area. Upstairs, a completely separate two-bedroom, one-bathroom apartment provides additional income potential or comfortable living quarters. The property features excellent curb appeal, enhanced by mature trees and a well-maintained lawn. Its prime location places it within easy walking distance of numerous retail shops and restaurants, ensuring high visibility and convenient access to local amenities. The building also includes a basement, offering additional storage or potential for expansion. Priced at $365,000, this property offers a compelling combination of commercial and residential income streams in a desirable Montrose location. This is an ideal opportunity for an investor seeking a versatile and well-situated property with strong potential for return.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.8754
- Latitude
- 38.48205
