845 Townsend Ave Montrose, CO 81401-4331
This exceptional 988-square-foot commercial property presents a compelling investment opportunity in Montrose, Colorado. Situated on a prominent corner lot (0.08 acres) at the signalized intersection of South Townsend Avenue, this building boasts excellent visibility and high traffic counts. Its B-2 zoning within the City of Montrose allows for flexible use as either retail or office space. The property includes convenient off-street parking, a significant advantage in a high-traffic area. Currently occupied, this building offers immediate income potential, making it an ideal addition to any investment portfolio. Its strategic location directly across from Montrose High School ensures consistent foot traffic and visibility. The building's size and location make it suitable for a variety of businesses seeking a high-profile presence in a thriving community. The asking price of $350,000 reflects the property's prime location, current occupancy, and potential for future growth. This is a rare opportunity to acquire a well-situated commercial property in a desirable Montrose location. Don't miss out on this chance to own a piece of Montrose's vibrant commercial landscape.
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USC Labor Solutions, Inc Employment Agency
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.