Current Use by Public Records
- Land
Property Details for 19 Mayfly Dr
- Lot size
- 0.82 lot acres
- Property type
- Land
Description
This exceptional 0.82-acre commercial lot, located at Lot 19 Mayfly Drive, Montrose, CO 81401 (APN 376728239038), presents a unique investment opportunity. Situated on the Uncompahgre River and the new Montrose Connect Bike Trail, this I-1 zoned property boasts stunning San Juan Mountain views and high visibility. Open space and water detention requirements have been preemptively addressed through a prior land donation, simplifying development. The lot features convenient cross-access parking. Its strategic location within the Montrose Opportunity Zone, Rural Enterprise Zone, and Montrose Urban Renewal Authority (MURA) boundaries makes it eligible for various state and local incentives. Nearby developments include the Montrose White Water Park, the new Montrose Rotary Amphitheater, Basecamp Apartments, the future Shelter Distillery headquarters, a Fairfield by Marriott hotel (under construction), and the Colorado Outdoors Medical Center (under construction). This property offers unparalleled potential for commercial development, capitalizing on its prime location and access to numerous amenities and incentives. The sale is structured as a 1031 exchange.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.892
- Latitude
- 38.4855
