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Property profile & analytics
OFF-MARKET
Retail space

346 Main St Montrose, CO 81401-3928

7,438 SF 0.14 ac lot Built 1896
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US13-2052557
Property summary
AI-generated overview

This exceptional 4,232-square-foot restaurant space, completely renovated in 2024, presents a unique opportunity in the heart of historic downtown Montrose. Located in a high-traffic area, this single-tenant property enjoys excellent visibility and convenient access to local shops, the Montrose City Government, Colorado Mesa University's Montrose campus, and the Post Office. The space boasts a brand-new, state-of-the-art industrial kitchen, perfect for any culinary concept. A stylish bar area and two ADA-compliant restrooms add to the functionality and appeal. Beyond the main restaurant area, approximately 3,800 square feet of additional storage space is included, providing ample room for inventory or supplies. The property is zoned B-1, Central Business District, allowing for a variety of uses beyond a restaurant, including retail stores, professional offices, or service establishments. Offered as a NNN lease, this property is ready for immediate occupancy. Don't miss this chance to establish your business in a beautifully updated space within a thriving downtown location. The building was originally constructed in 1896.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1896
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,438 SF
Lot 0.14 ac (6,125 SF)
APN 3767-284-06-001
UPID US13-2052557
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Typhoon Properties II LLC · 1 yrs held
Typhoon Properties II LLC
since 2025
3 recorded transactions
2025
$2.0M
2023
$739,888
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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