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Property profile & analytics
OFF-MARKET
Banks

340 Townsend Ave Montrose, CO 81401-4253

2,700 SF 0.36 ac lot Built 1979
Entity Owned 6-yr Hold Free & Clear
Property ID
US13-1400623
Property summary
AI-generated overview

This exceptional 2,700 square foot office building presents a unique investment opportunity in the thriving city of Montrose, Colorado. Situated on a 0.36-acre lot with prominent frontage on South Townsend Avenue, this property boasts excellent visibility and high traffic counts, ensuring maximum exposure for your business or investment portfolio. Completely remodeled from the studs in 2015 and fully finished in 2017, the building is in turnkey condition, requiring no immediate capital improvements. The property includes a paved parking lot with 17 spaces, providing ample parking for employees and clients. The B2 Highway Commercial zoning allows for a variety of uses, making this a versatile and attractive option for a wide range of businesses. Located in a growing area of Montrose, this property offers significant potential for appreciation and strong rental income. The building's modern design and convenient location combine to create an exceptional opportunity for those seeking a high-quality commercial space in a desirable market. Its recent renovations ensure modern amenities and efficient operation, minimizing ongoing maintenance costs. The ample parking further enhances the property's appeal, addressing a common concern for commercial properties. This is a rare chance to acquire a well-maintained, high-visibility office building in a prime Montrose location. Don't miss this chance to own a piece of Montrose's thriving commercial landscape. The asking price is $1,050,000.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,700 SF
Lot 0.36 ac (15,625 SF)
APN 3767-273-68-003
UPID US13-1400623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Haney G Burtis PC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Home Loan State Bank · 6 yrs held
Home Loan State Bank
since 2020
1 recorded transaction
2020
$975,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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