35 Hotchkiss Ave Montrose, CO 81403

Property Details for 35 Hotchkiss Ave

Year built

1986

Lot size

0.78 lot acres

Property size

3,665 SF

Property type

Commercial real estate

APN

404117301001

APU

404117301001

Description

This exceptional commercial property, located at 35 Hotchkiss Avenue in Colona, Colorado, presents a unique investment opportunity. Situated on a 0.54-acre corner lot at the intersection of Hotchkiss Avenue and Highway 550, this building boasts unparalleled visibility and accessibility. Originally constructed in the 1980s and extensively renovated between 2010 and 2014, the 2,597 square foot structure is designed in the style of an early 20th-century National Park Lodge, creating a captivating atmosphere. The property includes bar equipment, fixtures, and furnishings (with some exclusions). Additional land to the north of the building provides extensive parking and potential for future expansion. The building's design is ideally suited for entertainment venues, with a loft offering a bird's-eye view of the main area and a 12-foot-wide wrap-around porch that significantly increases seating capacity during peak seasons. Highway 550, the property's location, is a major thoroughfare leading to Ridgway, Ouray, and Telluride, attracting significant tourist traffic throughout the year, particularly during music and film festivals and seasonal recreational activities. This prime location offers exceptional exposure and direct highway frontage, making it an ideal investment for a variety of commercial ventures. The asking price is $1,195,000.

Location Insight

City

Montrose

County

Ouray

State

Colorado

Longitude

-107.78

Latitude

38.3267

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments