Description
Ready-to-Build Development Opportunity. Build on one of Montrose's most visible parcels along the city's highest-trafficked commercial corridor (29,000 VPD). South Townsend Avenue is the retail hub of Montrose and the surrounding region. With minimal competition from neighboring communities, the corridor draws shoppers from towns near and far - a reliable magnet for consistent retail traffic and a desirable location for other uses. This parcel is contiguous to the Connect Trail which runs along the Uncompahgre River and connects users to parks throughout the city, including to the Montrose Community Recreation Center (.5 miles away) and Riverbottom Park. Site History. The parcel originally featured a 6,260 SF building with a drive-through. It was home to a local bakery, a national pizza franchise and two professional offices until an accidental fire destroyed the structure in September 2009. The original foundation remains in place today. In 2015 and again in 2019, two independent engineering firms evaluated it and found it in good condition, within normal tolerances, and suitable for new construction. One of the reviews tested the feasibility of a 2-story, approx. 12,000 SF rebuild - nearly double the original envelope - and recommended supplemental support for the larger building size. With all utilities on site and drive-through capability, the parcel presents an excellent opportunity for infill redevelopment.
Details
| MLS # | 836595 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $1,000 |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 110 |
| Listing Provided By | Hoff & Leigh Western Slope, LLC | Klete Keller |
Features
| Zoning | Commercial |
|---|---|
| Acreage | 1.13 |
| Water Front | Yes |
Exterior
| Lot Features | Level |
|---|
Utilities
| Utilities | Electricity Available, Fiber Optic Available, Natural Gas Available, Sewer Connected, Water Connected |
|---|
Other
| List Aor | Montrose Association Of Realtors |
|---|
Taxes
| Property | 11066 |
|---|
Area Information
| State | CO |
|---|---|
| County | Montrose |
| City | Montrose |
| Zip Code | 81401 |
| Area | Montrose City |
| School District | Montrose 9-12 |
| Elementary School | Cottonwood K-5 |
| High School | Montrose 9-12 |
| Listing VS Median (in 81401) | |
Price: $975,000 low | high Med: $480,000 On site: 110 low | high Med: 80 | |
Market Activity 81401
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Learn More About This Property
| State | CO |
|---|---|
| County | Montrose |
| City | Montrose |
| Zip Code | 81401 |
| Area | Montrose City |
| School District | Montrose 9-12 |
| Elementary School | Cottonwood K-5 |
| High School | Montrose 9-12 |
| Listing VS Median (in 81401) | |
Price: $975,000 low | high Med: $480,000 On site: 110 low | high Med: 80 | |
