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Property profile & analytics
OFF-MARKET
Land

0 Oak Grove Rd Montrose, CO 81403

10.4 ac lot
Property ID
Property summary
AI-generated overview

Exceptional development opportunity awaits with this 10.4-acre parcel located in Montrose, Colorado, at the highly visible corner of Oak Grove Rd and 6700 Rd. Zoned R-3A, this property allows for medium-high density development, ideal for single-family homes, duplexes, or multifamily residences. The land is level and vacant, ready for immediate construction. Utilities are readily available, including one water tap, one sewer tap, and five shares of UVWUA irrigation water. Electricity is on the lot, and natural gas is nearby. This prime location offers easy accessibility and is currently free from HOA restrictions. Situated minutes from the thriving South Townsend corridor, this property benefits from proximity to major retailers and restaurants, including Walmart, Home Depot, Target, and numerous dining options. Nearby established communities such as American Village, The Glens, Fox Meadows, Monté Vista Estates, and Windsor Gardens further enhance its desirability. The asking price is $1,100,000, with a land value of $105 per square foot. This is a rare chance to acquire a substantial, well-located parcel with significant development potential in a growing Colorado market.

Property profile
Verified
Property type Land
Lot 10.4 ac (453,024 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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