Merchant Dr Montrose, CO 81401
- Land
- 0.88 lot acres
Current Use by Public Records
- Land
Property Details for 0 Merchant Dr
- Lot size
- 0.88 lot acres
- Property type
- Land
Description
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.
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
- -107.893
- Latitude
- 38.4897
