121 Tributary St Montrose, CO 81401
This exceptional mixed-use commercial property, situated at 121 Tributary Street in Montrose, Colorado, presents a compelling investment or end-user opportunity. Boasting a substantial 55,624 square feet of space across two levels, this building sits on a generous 3.49-acre lot within the Colorado Outdoors project, a planned 165-unit development adjacent to the Uncompahgre River. Its strategic location within an Opportunity Zone offers significant tax advantages. Originally conceived for ambulatory care and medical tenants, the building's shell is currently complete, providing a blank canvas for customization to suit diverse needs. This flexibility allows for a wide range of potential uses, making it an ideal investment for those seeking to create a tailored commercial space. The substantial size and prime location within a thriving development make this a rare and unique opportunity in the Montrose market. The property's existing structure offers significant cost savings compared to new construction, while still allowing for complete interior design and build-out to meet specific requirements. This is a chance to acquire a substantial commercial property in a desirable location with considerable upside potential. The property is priced at $9,750,000.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.