308 E Main St Montrose, CO 81401
For Sale
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This 2,817 sq ft retail property, situated on a 0.07-acre lot at 308 E Main Street in Montrose, CO, presents a unique investment opportunity. Built in 1900, this B-1 zoned building boasts stunning historic details, including tiled pressed tin ceilings, while offering modern conveniences such as new flooring, fresh paint, and updated lighting circuits. The property's prime downtown location ensures high visibility and foot traffic, with proximity to restaurants, shops, City Hall, the Post Office, and Citizen's State Bank. Recent infrastructure improvements include a new cast iron sewer drain. The property's Opportunity Zone designation offers significant tax advantages. This versatile space is ideal for a variety of uses, including retail, professional offices, restaurants, or boutique businesses. The building's blend of historic charm and modern functionality creates an exceptional opportunity for a discerning buyer seeking a prestigious downtown Montrose address. The asking price is $689,900. This is a rare chance to acquire a piece of Montrose history with immense potential.
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Rhonda's Portraits Wedding Service Photography Service
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
Similar Nearby for Lease
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.