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Property profile & analytics
FOR LEASE
Outlet malls

3400 S Rio Grande Ave Montrose, CO 81401

88,125 SF 7.77 ac lot Built 2007
Entity Owned Absentee Owner Free & Clear
Property ID
US13-2101779
3400 S Rio Grande Ave, Montrose, CO 81401 For Lease
$4,515,000 25,271 SF available
3400 S Rio Grande Ave, Montrose, CO 81401
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Property summary
AI-generated overview

This exceptional 25,271 square foot retail space is located at 3400 S. Rio Grande Avenue in Montrose, Colorado, zip code 81401. The property is a single-tenant space within a thriving retail center, offering a sublease opportunity extending through March 2032. This represents the last available space in this highly sought-after location. The property benefits from its adjacency to Hobby Lobby and its proximity to other major retailers, including Target, Ross, Marshalls, and Sportsman's Warehouse. This prime location ensures high visibility and significant foot traffic, making it an ideal opportunity for a variety of retail businesses. The property is classified as neighborhood retail within Montrose County. The property's size and location provide a strong foundation for a successful retail operation. This is a unique opportunity to secure a substantial retail presence in a vibrant and growing community. Interested parties should act quickly as this is the last remaining space available in the center. The property is situated at 38.4447726 latitude and -107.8704198 longitude.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Construction CONCRETE
Total area 88,125 SF
Lot 7.77 ac (338,461 SF)
APN 3993-042-46-001
UPID US13-2101779
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
  • Hobby Lobby (Bike/Boat/Book/etc) Store
  • The SALON by InStyle Inside JCPenney Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.99M
Blend (final) Blend
$4.52M
Owner & transaction history
RIVER LANDING VENTURE LLC
RIVER LANDING VENTURE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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