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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

745 Main St Montrose, CO 81401

0.21 ac lot Built 1915
Property ID
US13-1366550
Property summary
AI-generated overview

This exceptional property at 745 E Main St, Montrose, CO 81401, presents a unique investment opportunity. The 2,343 square foot building, constructed in 1915 and renovated in 2007 (plumbing and electrical), sits on a 0.21-acre corner lot in the heart of downtown. Currently configured as a four-bedroom, three-bathroom residence, it boasts charming historic features including leaded glass windows, clawfoot bathtubs, and a sunroom. Its versatile layout and B-2 zoning allow for a variety of uses, including restaurant, retail, multi-family dwelling, or a live-work arrangement. The property's history includes previous use as a deli, coffee shop, and commercial kitchen, demonstrating its adaptability. The two-story building offers ample space and potential, enhanced by its Opportunity Zone designation, providing attractive tax incentives. The property is available for occupancy on July 29, 2024. This is a chance to own a piece of Montrose history with significant upside potential. The asking price is $378,888.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1915
Lot 0.21 ac (9,148 SF)
UPID US13-1366550
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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