715 Townsend Ave Montrose, CO 81401
This unique 1,619 square foot mixed-use property, built in 1948, presents a compelling investment opportunity in Montrose, Colorado. Located at 715 S Townsend Ave, this single-story building sits on a 0.11-acre lot and boasts a prime location with high visibility on Townsend Avenue, ensuring significant foot traffic. Previously operating as a cafe and residence, the property offers versatile space adaptable to various uses, including small offices or a live-work arrangement. The building features two ADA-compliant bathrooms and one full bath, along with ramp accessibility for convenient entry. Six parking spaces are available, combining on-street and off-street options. The property's commercial zoning allows for a range of business ventures, and its proximity to the high school further enhances its potential. The asking price is $320,000, translating to $197.65 per square foot. This property offers the convenience of combining living and working spaces in a high-traffic area, making it an ideal investment for an owner-user.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.