For Sale
$419,888

1245 Main StMontrose, CO 81401

Prime location, versatile space, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use building, located at 1245 E Main St, Montrose, CO 81401, presents a unique investment opportunity. Situated on a 0.21-acre corner lot at the bustling intersection of Main Street and the San Juan Bypass/Hwy 50, this property boasts 2,969 square feet of space across two stories. The main floor offers a spacious reception area, eight offices, a kitchen, and two restrooms, ideal for a variety of businesses. Upstairs, two additional offices provide extra workspace. An unfinished basement offers ample storage. The property features excellent visibility and high traffic counts, complemented by ample private, off-street paved parking. Zoned B-2, the property allows for retail, restaurants, office space, and service establishments. Built in 1923, this building benefits from its location in an Opportunity Zone, offering significant tax advantages. The asking price is $419,888 ($141.42/sq ft). Owner financing may be available for qualified buyers. The property is also available for lease (MLS# 817233). Occupancy is available August 23, 2024.

Highlights

  • Corner lot at Main Street and San Juan Bypass (Hwy 50).
  • Prime commercial building for sale, 2,969 sq. ft. on a 0.21-acre lot.
  • Main floor: Reception area, eight offices, kitchen, two restrooms. Upstairs: Two offices. Unfinished basement storage.
  • High visibility, high traffic count, ample paved parking.
  • Owner financing may be available.
  • Opportunity Zone designation offers tax incentives.

Property Details for 1245 Main St

Property type
Retail properties, Restaurants
Square Feet
2,969 SF
Year Built
1923
Buildings
1
Stories
2
Lot Size (sq. ft)
9,148 SF
Units
1

Location Insight

City
Montrose
County
Montrose
State
Colorado
Latitude
38.48604589213
Longitude
-107.86751218002
1245 Main St, Montrose, Colorado

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1245 Main St
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