0 Merchant Dr Montrose, CO 81401
This exceptional 0.88-acre commercial lot presents a unique investment opportunity in Montrose, Colorado. Ideally situated on Merchant Drive, this property boasts a highly desirable location adjacent to established businesses including a bicycle shop, a Ford dealership, and a Fairfield Inn & Suites by Marriott. The lot's flat terrain simplifies development, and the convenience of city utilities at the lot line significantly reduces infrastructure costs. Zoned B-3, this parcel offers considerable flexibility for a variety of commercial uses. Adding to its appeal, this property is situated within both an Opportunity Zone and a Rural Enterprise Zone, potentially offering significant tax advantages for qualified investors. The property's APN is 376720409004. The asking price is $536,700, and the sale is structured to accommodate a 1031 exchange. This prime location, combined with its zoning and advantageous program designations, makes this land a compelling investment prospect for developers and entrepreneurs seeking a strategic foothold in the thriving Montrose market. The property is located in Montrose County, Colorado, with a Montrose, CO 81401 zip code. Further details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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