25 Cascade Ave Montrose, CO 81401-3920
- Retail space
- 1,725 SF
- 0.04 lot acres
Current Use by Public Records
- Retail space
Property Details for 25 Cascade Ave
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.04 lot acres
- Property size
- 1,725 SF
- Property type
- Retail space
- APN
- 3767-284-07-004
- APU
- 376728407004
Description
This charming 1,725 square foot retail building is located in desirable Downtown Montrose, just one block from Main Street. The property boasts an inviting exterior with an updated faГ§ade and offers a spacious, open interior perfect for a variety of commercial uses. High ceilings create an airy atmosphere in the main area, complemented by a private office for confidential meetings. Additional features include ample storage space, both on the main level and in a 300 square foot upstairs area, and a convenient half bath. Rear parking provides easy access for customers and employees. This well-maintained building presents a fantastic investment opportunity for both seasoned and first-time commercial property investors. The property's central location and versatile layout offer significant potential for income generation. Note that the adjacent property at 27 North Cascade Avenue is also available for purchase, presenting the possibility of acquiring both properties for expanded opportunities. All information is deemed reliable but should be independently verified.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $245,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $250,000
- Mixed-Use
- $220,000
- Hospitality
- $230,000
- Educational
- $190,000
- Residential Income
- $225,000
- Energy
- $230,000
- Income-Based Land
- $225,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.878
- Latitude
- 38.4798
- CBSA code
- 33940
- CBSA name
- MONTROSE, CO MICROPOLITAN STATISTICAL AREA