21049 Uncompahgre Rd Montrose, CO 81403
For Lease
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This exceptional 9,420-square-foot retail property, currently vacant, presents a unique investment opportunity in Montrose, Colorado. Situated on a 2.21-acre lot (87,356 square feet), this three-story building boasts a rich history, having been constructed in 1915 and renovated in 1993. The property is zoned for General Agricultural District “A,” offering flexibility for various uses. The single-tenant building presents a blank canvas for adaptive reuse, particularly well-suited for projects such as addiction treatment centers or wellness and mental health retreats, as previously suggested. The substantial size and ample land provide significant potential for expansion or development. The property's location in Montrose County, Colorado, offers access to a growing community and attractive natural surroundings. With its considerable square footage and prime location, this property represents a compelling opportunity for investors seeking a unique and versatile asset in a desirable market. The existing structure provides a solid foundation for a new venture, while the expansive lot allows for future growth and development. The property's history adds character and charm, making it an attractive proposition for businesses seeking a distinctive presence in Montrose. All interested parties are encouraged to conduct their own due diligence.
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The Old School Lodge Hotel & Motel Bed & Breakfast
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.