104 Sawtooth St Montrose, CO 81403
Exceptional opportunity to acquire a 40,946 square foot residential lot in Colona, Colorado. This Ouray County property boasts a desirable residential zoning designation, making it ideal for future development of multiple residential lots. The land is conveniently located, offering easy access to Montrose (15 minutes), Ridgway State Park (10 minutes), and Telluride (under an hour). Enjoy breathtaking views of the San Juan Mountains to the south and the impressive Castle Rock and Storm King Mountains to the east. The property benefits from a level grade and excellent access to utilities, including fiber optic internet. Currently situated on the land is a three-bedroom, two-bathroom mobile home and a large detached garage/workshop. The moderate climate, cooler than Montrose and warmer than Ridgway, adds to the property's appeal. Outdoor enthusiasts will appreciate the proximity to Buckhorn Lakes Park. The asking price for this unique property is $790,000. The current tenant occupies the mobile home on a month-to-month lease.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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