Property profile

12 Hotchkiss Ave Montrose, CO 81403

OFF-MARKET
Retail space
Property ID
US13-1687185
1,416 SF 0.14 ac lot Built 1979
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 12 Hotchkiss Avenue in Colona, Colorado, presents a unique investment opportunity. Situated on a 0.18-acre lot at the corner of Highway 550 and Main Street, this 739-square-foot building boasts a rich history as the site of Ouray County's first railroad stop, dating back to the 1880s. The property benefits from its strategic location on a major highway corridor, experiencing high traffic volume with an estimated 3.5 million vehicles passing annually. Currently configured as a turn-key business, it offers immediate income potential. The sale includes all equipment, fixtures, decorations, and furnishings. A significant advantage is the large back patio, providing exceptional views, and a convenient drive-thru. While the existing "Zona Colona" business is not included in the sale, the property's versatile layout and ample space allow for a variety of uses. The property also includes two or more lots, providing significant room for expansion. Recent construction of turn lanes on Highway 550 ensures easy access for customers. This is a rare chance to own a piece of Colona's history and capitalize on its prime location and high traffic count.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Total area 1,416 SF
Lot 0.14 ac (6,000 SF)
APN 404117302001
UPID US13-1687185

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12 Hotchkiss Ave Montrose, CO 81403
Montrose metro Census 967601 MONTROSE, CO MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2024
Last sale
$400,000
3 recorded transactions
2024
Price N/A
2024
$400,000
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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