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Property profile & analytics
OFF-MARKET
Turn key restaurants

647 Main St Montrose, CO 81401-3933

3,284 SF 0.14 ac lot Built 1900
Entity Owned 6-yr Hold Free & Clear
Property ID
US13-1918485
Property summary
AI-generated overview

This exceptional 3,284 square foot commercial building sits on a highly visible 0.14-acre corner lot in the heart of Downtown Montrose, Colorado. Its prime Main Street location offers unparalleled exposure for a variety of business ventures, including office space, retail, or a restaurant. The building boasts impressive architectural details, including vaulted ceilings, large windows that flood the space with natural light, and beautiful brick construction accented by exposed wooden beams and hardwood floors. The property includes two half-bathrooms and a shower. A significant feature is a large, multi-level deck, ideal for outdoor seating if used as a restaurant. The lower level is equipped with a fully functional commercial kitchen, a walk-in cooler, and all necessary restaurant equipment is included in the sale, such as dishes, tables, and serving ware. This turnkey opportunity presents a rare chance to establish or relocate a business in a thriving downtown area. The building's versatile layout and existing infrastructure make it an attractive option for a wide range of commercial uses. The asking price is $675,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,284 SF
Lot 0.14 ac (6,261 SF)
APN 3767-273-57-001
UPID US13-1918485
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
J A Roteman Holdings LLC · 6 yrs held
J A Roteman Holdings LLC
since 2019
6 recorded transactions
2024
Price N/A
2020
Price N/A
2019
$215,000
2017
$285,000
2010
$245,000
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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