John and Jim Renfrow, Brokers, Montrose Colorado
Courtesy: Renfrow Realty

For more information on this listing, please contact...

  • Price:

    • $539,888

  • Listing #:
    • 765359
  • Class:
    • Commercial
  • Type:
    • Multi-use
  • Status:
    • Active
  • # of Units:
    • 3
  • Apx. Acres:
    • 0.28
  • Apx. Sqft.:
    • 10447
  • Year Built:
    • 1979
  • Address:
    • 505 S 2nd, 135 S Uncompahgre Ave #1 & #2
  • City:
  • County:
    • Montrose
  • Area:
    • Montrose City
  • State:
    • CO
  • Zip:
    • 81401

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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!
  • Building Details
    • # Floors:
      • - 2
    • Roof:
      • - Built Up
    • Foundation:
      • - Basement-below Grade
      • - Brick
    • Basementarea:
      • - 2562
    • Flooring:
      • - Carpet
      • - Concrete
      • - Tile
      • - Vinyl
      • - Wood
    • Ceiling Height:
      • - 10
    • Total Offices:
      • - 2
    • Total Baths:
      • - 5.00
    • Full Baths:
      • - 2
    • 3/4 Baths:
      • - 1
    • 1/2 Baths:
      • - 2
    • # Overhead Doors:
      • - 1
    • Fixtures Included:
      • - No
  • Square Footage
    • List Price/Sqft:
      • - $51.68
    • Finished SF:
      • - 10,447.00
    • Main Sq Ft:
      • - 6772
    • Upper Sq Ft:
      • - 1113
  • Property Details
    • Lotsizedim:
      • - 125' X 100'
    • Lot Size/acerage:
      • - Less Than 1 / 2
    • Property Description:
      • - Corner
    • Current Property Use:
      • - Mixed Use
      • - Showroom
      • - Special Use
    • Possible Property Use:
      • - General Office
      • - Mixed-use
      • - Other
      • - Professional / Medical
      • - Retail Storefront
      • - Retail Warehouse
      • - Showroom
      • - Special Use
      • - Warehouse
    • Parking:
      • - 10-20 Total Spaces
      • - Common
      • - In Rear Of Building
      • - Off Street
      • - On Street
      • - Paved
    • Railroad Siding:
      • - No
    • Water Rights/irrig.:
      • - No
    • Zoning:
      • - Business
      • - Commercial
    • Zoning:
      • - B-1
  • Income and Expenses
    • Lease Included:
      • - Yes
    • Landlord Pays:
      • - Building Insurance
      • - Common Area Maintenance
      • - Ext Maintenance (bldg)
      • - Real Estate Taxes
    • Tenant Pays:
      • - Electric
      • - Gas
      • - Sewer / Water
      • - Trash
  • HOA Details
    • Owners Association(oa):
      • - No
  • Utilities
    • Available Utilities:
      • - Cable
      • - Fiber Optics
      • - Internet
    • Exsting Utilities:
      • - Electric
      • - Natural Gas
      • - Sanitary Sewer
      • - Water
    • Domestic Water:
      • - Public
    • Water Well:
      • - No
    • Sewer:
      • - Public Sewer Installed
    • Heating Fuel/source:
      • - Natural Gas
    • Heat Type:
      • - Forced Air
    • Cooling:
      • - Central A / C
      • - Evaporative Cooler
    • Heating System:
      • - Forced Air
    • Air Condition:
      • - Refrig
  • Miscellaneous
    • Inventory Included:
      • - No
    • Total Taxes $:
      • - $8,423.28
    • Tax Year:
      • - 2019
    • Special Assemnt Y/n:
      • - No
    • Real Estate For Sale:
      • - Yes
    • Available For Auction:
      • - No
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For more information on this listing, please contact...