25 Cascade AveMontrose, CO 81401

Property Details for 25 Cascade Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

1,725 SF

Property type

Retail properties

Property subtype

Retail space

APN

3767-284-07-004

APU

376728407004

Description

This charming 1,725 square foot retail building is located in desirable Downtown Montrose, just one block from Main Street. The property boasts an inviting exterior with an updated façade and offers a spacious, open interior perfect for a variety of commercial uses. High ceilings create an airy atmosphere in the main area, complemented by a private office for confidential meetings. Additional features include ample storage space, both on the main level and in a 300 square foot upstairs area, and a convenient half bath. Rear parking provides easy access for customers and employees. This well-maintained building presents a fantastic investment opportunity for both seasoned and first-time commercial property investors. The property's central location and versatile layout offer significant potential for income generation. Note that the adjacent property at 27 North Cascade Avenue is also available for purchase, presenting the possibility of acquiring both properties for expanded opportunities. All information is deemed reliable but should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $466,009

  6.5%

  $430,162

  7%

  $399,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $884,639

  Geo Method

  $359,149

• Alternative Use

  Use

  Valuation

  Residential

  $362,858

  Hospitality

  $332,376

  Educational

  $276,533

  Medical

  $286,043

  Retail

  $430,162

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.4798

Longitude

-107.878

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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