737 Townsend AveMontrose, CO 81401

Property Details for 737 Townsend Ave

Year built

1910

Construction

WOOD

Property size (Sq ft)

1,510 SF

Property type

Commercial real estate

APN

3767-342-27-014

APU

376734227014

Description

This mixed-use property in Montrose, CO, presents a compelling investment opportunity. Located at 737 S Townsend Ave (Highway 550), this 1,917 sq ft building sits on a 0.25-acre lot and boasts high visibility due to its prime location on a major thoroughfare with one of the highest CDOT traffic counts. The property features two units: a main level with four offices and an ADA-compliant bathroom, currently rented for $1200/month, and a remodeled 500 sq ft studio apartment/office (with a private deck) rented for $1295/month until March 31, 2025. This space has been successfully rented for both commercial and residential use, making it ideal for short-term rentals. The second floor offers two finished rooms/offices currently used for storage. The building, constructed in 1910 and extensively renovated in 2005, 2014, and 2020, includes central heating and air conditioning, a metal roof, updated vinyl windows, wood floors, and a security alarm system. The sewer line was partially replaced/repaired in 2020. The property benefits from a 13' high steel tube signage frame, with the city permitting additional signage. The B-2 zoning allows for a wide range of uses, including but not limited to: medical offices, restaurants, traditional offices, retail, and residential. The seller will lease back the first floor for at least one year. The asking price is $599,000 ($312.47/sq ft). Buyer to verify specific use with the City Planning Department. APN: 3767-342-27-014. A 1031 exchange is permitted.

• Alternative Use

  Use

  Valuation

  Residential

  $317,632

  Hospitality

  $290,949

  Educational

  $242,066

  Medical

  $250,391

  Retail

  $376,547

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.473

Longitude

-107.871

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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