0 1St St Montrose, CO 81401
Three exceptional residential lots are available for purchase in the heart of Montrose, Colorado. These lots, totaling approximately 0.07 to 0.22 acres, present a rare opportunity to build in a highly desirable location. Located on S 1st Street, these properties benefit from convenient proximity to the hospital and downtown area, offering easy access to amenities and services. The lots are zoned B-2, allowing for commercial and multi-family development, presenting flexibility for both residential and potential mixed-use projects. Utilities are readily accessible, and one lot includes a detached garage, mature pear, and blue spruce trees. The absence of covenants or a homeowner's association provides significant freedom in design and development. Individual lot pricing is $75,000, with the option to purchase one, two, or all three lots for a total asking price of $210,010. This presents a unique investment opportunity in a thriving Colorado community within the REDO district. The APN for these properties is 376727232006. Don't miss this chance to secure your piece of Montrose!
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
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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.