647 Main St Montrose, CO 81401-3933
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.