509 E Main St Montrose, CO 81401
- Specialty properties
- 14,140 SF
- 0.14 lot acres
Current Use by Public Records
- Precedence Art Academy / Art School / Art Center
- Megapixel / Picture Frame Shop
- MegaPixel - Print - Frame / Picture Frame Shop / Photo Restoration Service
Property Details for 509 E Main St
- Year built
- 1911
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.14 lot acres
- Property size
- 14,140 SF
- Property type
- Specialty properties
- APN
- 3767-273-28-009
- APU
- 376727328009
Description
This stunning 1911 Classic Revival-style building, located at 509, 511, and 513 E Main Street in Montrose, Colorado, presents a unique investment opportunity. Spanning 14,140 square feet on a 0.14-acre lot, this mixed-use property boasts a rich history and exceptional architectural details. The building features beautiful cypress wood finishes throughout the upper floors, a breathtaking oculus skylight in the ballroom, and massive south-facing windows in the gallery offering abundant natural light and Main Street views. Significant upgrades have been completed to create a state-of-the-art commercial kitchen, ready for lease upon completion. The lower level currently houses two units with existing leases for two years remaining. The third floor offers a comfortable three-bedroom, one-bathroom apartment with access to both balconies and the rooftop. This property offers a blend of historical charm and modern functionality, making it ideal for a variety of commercial and residential uses. The asking price is $1,200,000. This is a rare chance to own a piece of Montrose history and capitalize on its prime location and versatile space.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.876
- Latitude
- 38.4807
- CBSA code
- 33940
- CBSA name
- MONTROSE, CO MICROPOLITAN STATISTICAL AREA
