$539,888

505 S 2nd, 135 S Uncompahgre Ave #1 & #2

Montrose CO, 81401

Description

INCREDIBLE INVESTMENT OPPORTUNITY! Multiple Income Generating Possibilities Due to Location! Located in the heart of historic downtown Montrose with local eateries and shops! 10,447 sq.ft. (MOL) brick building ideally located next to Montrose City Hall, Police Dept, Colorado Mesa University and just blocks from Montrose Memorial Hospital. This space has 5865 sq.ft. (MOL) heated commercial space, 2562 sq.ft. (MOL) usable basement space, accessible by elevator, but has no egress or ingress. There are two large private office spaces and four bathrooms. Also included are two updated, fully leased apartments totaling 2020 sq.ft. (MOL). Zoned B-1 Central Business District and was previously used as a funeral home, but could be used as a church, office, medical office or converted to apartments. Incredible tax break with Opportunity Zone designation!

Details

MLS#765359
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1979
Days On Site34

Features

SQ Feet10,447
Story(s)2
Units3
ZoningB-1

Market Activity 81401

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Area Information

StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$539,888
low | high
Med:
$239,580
100% of Average
SqFt:
10,447
low | high
Med:
0
100% of Average
$ / SqFt:
$52
low | high
Med:
$0
100% of Average
On Site:
34
low | high
Med:
803
4.234122042341% of Average
Listing Updated: 01/21/2020
MLS Number: 765359
Listing Provided By:
John Renfrow  of  Renfrow Realty



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