Downtown Montrose Commercial Investment Opportunity 238 S 2nd Street Position your business or expand your portfolio in the heart of Downtown Montrose. This â??Grand Old Lady,â? standing proudly since 1898, has recently undergone an extensive renovationâ??blending historic charm with modern functionality. Ideally located just off Main Street in the business district, the property offers strong visibility, easy access, and proximity to established businesses, dining, and everyday services. Start your mornings with a short walk to The Rathbone for coffee, enjoy the convenience of City Market just across the street for daily shopping, and unwind in the evening with a walk to MSSO, Colorado Boy, or Eatery 66 for a true downtown dining experience. The central location and flexible layout create multiple opportunities: * Mixed-use potential (live/work configuration) * Multi-tenant or single-user occupancy * Upper level can function as a separate apartment or integrate seamlessly with the main level. Offering approximately 2,939 sq ft plus basement storage, this property sits on a 0.14-acre lot with a one-car garage accessible from the alley. The current configuration includes 4 bedrooms and 2 bathrooms with 2 kitchens, allowing for owner-occupancy, rental income potential, or both. Investment Highlights: * Prime downtown location with consistent activity * Walkable to coffee shops, restaurants, and daily conveniences * Potential for **owner-user or investment property** * Flexible layout for **multi-tenant or live/work use** * Opportunity for **value-add improvements or repositioning** Montrose continues to grow as a regional hub for Western Colorado, supporting local businesses and attracting visitors year-round with proximity to the Black Canyon of the Gunnison and nearby mountain destinations.
Development opportunity! Over half an acre lot zoned B4. This unique property offers a home that sits on a spacious lot offering future development, expansion, or investment possibilities (buyer to verify with local zoning and guidelines). The existing home provides a great starting point and is ideal for investors, builders, or buyers looking to secure land with future upside. The potential development possibilities make this a rare opportunity!
Commercial buildings like this one don't come on the market very often, and this particular site offers a comprehensive suite of features perfect for a new start-up or an established business looking to relocate. The property boasts one of the best locations in the city and includes several special amenities...a unique architectural design with lots of natural light in the work area, a beautiful well-lit dining area, functional features including double drive-up windows, a grease trap, and ample storage. A large well-lit parking lot with over 20 spaces. Low maintenance landscaping featuring mostly xeriscaping with timed irrigation for shrubs. This is a rare find that combines a prime location with high-quality facilities!
Excellent retail devolopment property with engineering completed for CDOT Access Permit. Access Permit Number 323066 all engineering and design work for ingress/egress traffic lanes have been done and are construction ready prints. All utilities installed to lot the line. Including water, sewer, gas, and electric adequate to provide service to a large multi structure retail development. Seller would consider retaining ownership of 6 Acres. There is 21.9 shares of agriculteral irrigation water to the property that could be assigned back to UVWUA. The location of this property has enhancements due to the fact that the intersection of 6700 Road is approximately one half mile from the sight. 6700 Road will be a Major Arterial providing access to thousands of residentual properties within minutes of that intersection that are existing or have been planned for future development.
$122, 000+ of NET income yearly! Manage this or absentee owner. This is a great business , backed by great Real Estate !! **Proven history and years of reviews and dedicated income. This is a 6 unit multi family parcel, 2 stories with 2 decks and a rooftop patio. Great rental History with short and long term. 8.8%CAP rate (w/all expenses except Mngt) 177k++ of Gross income 2024 7.8% true CAP rate 14 bedroom/10 bath, 6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. long term /normal MF income would be ~11, 000+a month easily if long vs STR = $133, 000 with less management/expenses. Over 7, 300+ feet plus 2 covered decks, 6 Total Apartments, fully furnished with great rental history and many repeat visitors. Since its zoned B-1, you are at a massive advantage if rules come down the line as they have in other towns. No residential neighbors to complain STR are affecting neighborhood. Great walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks. If you long termed it, Tenants can pay electric (5 meters) + (2 gas meters). Hotel - Airbnb- Multi Family- Property Management, work from home! The front unit is 147 main st, a huge 3000 sq feet up and down unit with 5 bedrooms and 4 baths), (2 master ensuites upstairs with decks and rooftop patio. #18 Selig Av is a large studio #26 Selig Av: A) 2br/1bath B) 3br/2bath with very tall, vaulted ceiling C) 2br/1b with vaulted ceiling D) 1br/1b separate alleyway entrance can be combined with C to make 3/2. Some ways to increase revenue, (roof top amenities, hot tub, bike racks, grills and more amenities. Add some lofts in B or C as the ceiling is so tall? Low vacancy (as an example out of July, only 3 empty nights out of a possible 180 =.5% (half of 1 percent) Sold fully furnished minus some PP some art. 8.76%+ CAP rate based on list price and NOI 24' Full monitored fire suppression system (code compliant!) Low taxes of only 3, 400 a year! NO HOA, street access on 3 sides. ROOF access is easy and can be upgraded for amenities. All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc ) OZ fund avail due to location in the OZ
This rare commercial property situated on 2.03 landscaped acres, zoned I-1 Light Industrial with an allowance for residential use is located on a quiet cul-de-sac. The property features two versatile buildings ideal for a variety of commercial or mixed-use needs. Building 1 includes a 3,200+ sq ft shop, a 1,500+ sq ft finished apartment, and an upstairs loft/office area of over 1,300 sq ft. Building 2 offers a 2,300+ sq ft shop, a 1,100+ sq ft office/studio apartment, and an additional 1,100+ sq ft loft area. Both buildings are equipped with 3-phase power with 400 amps per building, making this property well-suited for industrial, manufacturing, or heavy-use operations. Substantial square footage, flexible zoning, and robust power infrastructure combine to create a truly exceptional opportunity.
Positioned along Montroseâ??s Main Street corridor, this versatile 1960s-era commercial building offers a solid opportunity for an owner-user or investor seeking office, meeting, or storage space with room to modernize. The property features a functional layout well-suited for professional offices, small group meetings, and secure storage, making it adaptable to a variety of business needs. Built with durability in mind, the structure provides a strong foundation and flexible interior spaces that can be reconfigured or updated to meet todayâ??s standards. While the building would benefit from cosmetic updates it presents an excellent value-add opportunity for buyers looking to customize a property to their specific use or branding. Current use is office and meeting space with storage options. With convenient access, visible frontage, and a central Montrose location, 1500 E. Main Street is a practical and promising option for businesses seeking affordability, flexibility, and long-term potential.
8.4 cap!!!! Great tenants, Full NNN 36 leases. Prime location in the heart of downtown Montrose! Two separately deeded commercial buildings. 427 Main Street is 2500 sq ft with a partial basement and partially remodeled in 2021, shabby chic style. Main street storefront in the Central Business District. Alley access for unloading and deliveries...Zoned B-1. City just completed extensive downtown upgrades including all new paved streets. 429 Main Street is 2300 sq ft. and some renovation's in 2024 Both units combined is approximately 4,800 sq ft total, plus the basement. Investment opportunity with two NNN leases. Some historic pictures are added to show the interior opened up as one unit. REAL ESTATE ONLY!!
This is a 6 unit multi-family parcel, 2 stories with 2 decks and a rooftop patio. Great rental History with short and long term. 8.8 % return of cash on price (w/all expenses except Mngt) 177k++ of Gross income last year, $122,000 of NOI net income for a 7.8% TRUE cap rate! 14 bedroom/10 bath, 6 Unit Income producing Multi-Family on Main St, Montrose. Corner lot, all in one building, w/ multiple uses, near Telluride. **long term /normal MF income would be ~11,000+ a month if long vs STR = $133,000 with less management/expenses. Over 7,300+ feet plus 2 covered decks, 6 Total Apartments, fully furnished with great rental history and many repeat visitors. Since its zoned B-1, you are at a massive advantage if rules come down the line as they have in other towns. No residential neighbors to complain STR are affecting neighborhood. Great walking location, right downtown with coffee/grocery/bars /distillery /CO-working /food trucks all within 2 blocks. If you long termed it, Tenants can pay electric (5 meters) + (2 gas meters). Owner would still pay sewer/water/trash. 5 extra storage units for the rentals also, (3 inside lobby, 2 outside). Recently restored and upgraded with 90% new plumbing and 90% new wiring, 5 new electric meters and 2 units are gas metered. Many new windows, 90%+ new flooring, stylish stone, barnwood and granite. Stainless appliances and high ceilings in most units. Building wide master Fiber WIFI for future additional income. Major $600,000 Remodel in 2017-19 and also permitted upgrades in 2021. City parking in multiple locations nearby and adjacent. The front unit is 147 main st, a huge 3000 sq feet up and down unit with 5 bedrooms and 4 baths), (2 master ensuites upstairs with decks and rooftop patio. #18 Selig Av is a large studio #26 Selig Av: A) 2br/1bath B) 3br/2bath with very tall, vaulted ceiling C) 2br/1b with vaulted ceiling D) 1br/1b separate alleyway entrance can be combined with C to make 3/2. Some ways to increase revenue, (roof top amenities, hot tub, bike racks, grills and more amenities. Add some lofts in B or C as the ceiling is so tall? Low vacancy (as an example out of July, only 3 empty nights out of a possible 180 =.5% (half of 1 percent) ***Sold fully furnished minus some PP some art. ***7.46%+ CAP rate based on list price and NOI 24' ***Full monitored fire suppression system (code compliant!) *** Low taxes of only 3,400 a year! *** NO HOA, street access on 3 sides. *** ROOF access is easy and can be upgraded for amenities. All furnishings included, (7 fridges 5 washer dryers, 5 stoves etc ) ***OZ fund avail due to location in the OZ.
Investment Property - Real Estate for Sale with Lease Back: Large Truck and RV Wash on N Townsend Corridor Situated on a 2.854-acre (MOL) lot, this large ~9,200 sq. ft. Truck, RV, and car wash offers a service unique in the area in a highly desirable location close to the Airport. Featuring three bays capable of handling Semi Trucks, the building also offers a detailing shop, office, reception area, and staging area for all washing pumps and machinery. With high visibility from the highway and ~25,000 daily traffic count, the property epitomizes the desirable N Townsend Ave/N Hwy 50 corridor. The property is zoned B-3 â??General Commercialâ?? in the City of Montrose. As an owner lease back, the seller is offering a 10-year lease at a 7.0% CAP rate, with four 5-year options and a 12% escalator applied to the base rent at every 5 years. The lease will be Pure Triple-Net, with the seller/tenant covering all costs associated with the building, including all utilities, building insurance, and taxes.
Ideal location in Downtown Montrose! This 3,284 sq.ft building is on a corner lot which allows for great Main Street exposure. You could have an office space, retail, restaurant or many other business opportunities in this location. The building has vaulted ceilings and large windows that adds to the buildings character. There is a large multi-level deck area to be able to have extra outdoor seating for a restaurant. Beautiful brick-construction with exposed wooden beams, hardwood floors, and two 1/2 baths. There is a commercial kitchen set-up in the lower level, walk-in cooler, and all restaurant equipment is included (dishes, tables, serving ware, ect.). This is a great opportunity for you to start your business!
Built in 1895, this is one of the original homes in Montrose. This property has been lovingly cared for and carefully updated and maintained. The last 35 years it has been a combination of business and residence. The business on the main floor is 1520 ft. & was styling salon for many years that evolved into a little cottage retail store with room for classes and workshops. The main floor shows so much of the original character of the home with all the natural woodwork and rooms carefully preserved. There is a half bath, what was a bedroom , laundry, large pantry that works as an office, kitchen area, a dining room, living room, and the original parlor. This historic home has a covered back porch, ADA compliant entry and a privacy fenced backyard full of all the plants, flowers, herbs & trees one can only hope for. There is a one car detached garage originally known as a carriage house. Notice the back entrance off the alley and a very private entrance to the upstairs apartment. The originality, care and maintenance of the property continues to show in the apartment with a full bath featuring a footed, cast iron tub with shower, and original recessed linen drawers. the cozy, spacious one bedroom has beautiful sunlight streaming in from the large windows, a 10-+' closed and a second closed used for utility and washer. The kitchen has been beautifully updated with custom Maple cabinets and quartz countertops with every nook and cranny purposely used What a cozy place to come home to. An added feature is the â??Mini-Split Heat Pump HVAC â?? upstairs in the apartment and in the main floor. This property is two blocks from Historic Montrose Downtown, across the street from the library and Colorado University Montrose campus and a unique combination of commercial/business opportunity with residential in a perfect location
A fantastic opportunity to own an exceptional commercial building in Historic Downtown Montrose on Main Street. The visual of the building is excellent on the corner of Main and Uncompahgre. Current parking goes from Main Street to the length of the building on Uncompahgre. Also city parking behind the building is equipped with an electric car charging area. Currently the Farmers Market is held right next to the building and allows even more exposure and walking traffic. Newer metal facia on the building replaced old cedar shake. Upgraded lighting throughout. Building has been updated for the past 13 years that includes new flooring, lighting and even drywall. There are 4 quad areas that allow one to separate businesses if this is a desire. Be a part of the greater downtown and the resurgence of the downtown all while being able to invest in the Opportunity Zone.
Prime Downtown Montrose Restaurant Property â?? Turnkey Opportunity for Restaurateurs or Investors Meticulously maintained and thoughtfully updated, this 1308± sq ft restaurant building sits on a double lot in the heart of Downtown Montrose, Colorado. Zoned B4, this property offers exceptional versatility and investment potential. The building features a fully equipped commercial kitchen, indoor dining area, and outdoor patio seating on both the front and sideâ??perfect for Coloradoâ??s sunny seasons. Two large outdoor sheds provide ample storage, including one equipped with multiple refrigerators and freezers. Thereâ??s also plenty of space in the back to park a trailer or expand the footprint for future growth. Currently home to the beloved Lighthouse Eatery, Home of the Famous Green Chili Breakfast Burrito and Homemade Bear Paw Bread, a long-standing Montrose dining favorite for nearly 12 years, this property is ideally situated just steps from Main Street, boutique shops, galleries, and local theaters. It benefits from strong foot traffic, staff parking behind the building, and abundant public parking nearby. With high visibility, a thriving tourism-driven market near the Black Canyon of the Gunnison National Park, and easy access to Montroseâ??s many outdoor venues, this property presents a strategic opportunity for restaurateurs, developers, or investors looking to thrive in Western Coloradoâ??s fastest-growing market. Property next door at 1037 is also for sale from same owner, can make a deal for 2 properties. Live in 1 and work in the other. MLS# 829454
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiberinternet is connected.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiber internet is connected.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiber internet is connected.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiber internet is connected.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiberinternet is connected.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiberinternet is connected.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Information herein is deemed reliable but not guaranteed. Buyer is responsible for independently verifying all information, including, but not limited to, property lines, dimensions, acreage, zoning, soil conditions, water rights, and suitability for intended use. Seller and agent make no representations or warranties regarding the accuracy or completeness of the information provided. Buyer should consult with their own legal, financial, and environmental professionals to conduct their due diligence before making any decisions
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Information herein is deemed reliable but not guaranteed. Buyer is responsible for independently verifying all information, including, but not limited to, property lines, dimensions, acreage, zoning, soil conditions, water rights, and suitability for intended use. Seller and agent make no representations or warranties regarding the accuracy or completeness of the information provided. Buyer should consult with their own legal, financial, and environmental professionals to conduct their due diligence before making any decisions.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiberinternet is connected.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiberinternet is connected.
Courtesy: Coldwell Banker Commercial Prime Prop.
970-243-7375
Shovel-ready lots for sale or build-to-suit with zoning for commercial, business, medical, hospitality, residential, industrial, and multifamily. Development along the Uncompahgre River is designated as a federal Opportunity Zone and Tax Increment Financing district. Other lot sizes available; contact the listing agent for more information—master detention on site. Fiber Internet is connected.
Montrose is located in Colorado. Montrose, Colorado has a population of 20,098. Montrose is less family-centric than the surrounding county with 23.03% of the households containing married families with children. The county average for households married with children is 27.63%.
The median household income in Montrose, Colorado is $54,260. The median household income for the surrounding county is $57,225 compared to the national median of $69,021. The median age of people living in Montrose is 48.3 years.
The average high temperature in July is 89.1 degrees, with an average low temperature in January of 15.3 degrees. The average rainfall is approximately 11.6 inches per year, with 33.9 inches of snow per year.
