1100 Townsend AveMontrose, CO 81401

Property Details for 1100 Townsend Ave

Year built

1952

Construction

WOOD

Lot size

0.24 AC

Property size (Sq ft)

2,205 SF

Property type

Office properties

Property subtype

Office buildings

APN

3767-342-13-001

APU

376734213001

Description

This exceptional 2,205 square foot office building is situated on a 0.24-acre lot at 1100 S Townsend Avenue in Montrose, Colorado. Its prime location offers unparalleled visibility and accessibility, benefiting from a highly recognizable signage location that has served the Montrose community for years. The property boasts excellent curb appeal, ensuring a positive first impression for clients and employees. Ample parking is readily available, providing convenience for staff and visitors. The strategic location is further enhanced by the presence of thriving nearby businesses, creating a synergistic environment that naturally drives traffic and fosters business growth. This presents a unique opportunity to establish or expand your business in a highly desirable area. It's important to note that a portion of the building is currently under lease. Detailed lease terms are available upon request. The asking price for this exceptional property is $750,000. This is a rare opportunity to acquire a well-established and highly visible commercial property in a thriving Montrose community. Don't miss out on this chance to secure a prime location for your business success.

• CAP approach

  CAP return

  Valuation

  6%

  $405,225

  6.5%

  $374,054

  7%

  $347,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $448,730

  Geo Method

  $182,177

• Alternative Use

  Use

  Valuation

  Residential

  $463,827

  Hospitality

  $424,863

  Educational

  $353,481

  Medical

  $365,638

  Retail

  $549,859

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.47

Longitude

-107.868

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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