509 Main StMontrose, CO 81401

Property Details for 509 Main St

Year built

1911

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

14,140 SF

Property type

Specialty properties

APN

3767-273-28-009

APU

376727328009

Description

This stunning 1911 Classic Revival-style building, located at 509, 511, and 513 E Main Street in Montrose, Colorado, presents a unique investment opportunity. Spanning 14,140 square feet on a 0.14-acre lot, this mixed-use property boasts a rich history and exceptional architectural details. The building features beautiful cypress wood finishes throughout the upper floors, a breathtaking oculus skylight in the ballroom, and massive south-facing windows in the gallery offering abundant natural light and Main Street views. Significant upgrades have been completed to create a state-of-the-art commercial kitchen, ready for lease upon completion. The lower level currently houses two units with existing leases for two years remaining. The third floor offers a comfortable three-bedroom, one-bathroom apartment with access to both balconies and the rooftop. This property offers a blend of historical charm and modern functionality, making it ideal for a variety of commercial and residential uses. The asking price is $1,200,000. This is a rare chance to own a piece of Montrose history and capitalize on its prime location and versatile space.

• Alternative Use

  Use

  Valuation

  Residential

  $2,974,380

  Hospitality

  $2,724,516

  Educational

  $2,266,766

  Medical

  $2,344,723

  Retail

  $3,526,080

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.4807

Longitude

-107.876

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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