22 Uncompahgre AveMontrose, CO 81401

  • Office properties
  • 3,000 SF
For Sale
$345,000 View listing

Property Details for 22 Uncompahgre Ave

Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.07 AC
Property size (Sq ft)
3,000 SF
Property type
Office properties
Property subtype
Office buildings
APN
3767-273-28-014
APU
376727328014

Description

This exceptional 3,000 square foot retail property, situated on a 0.06-acre lot at 22 N Uncompahgre Avenue in Montrose, CO, presents a compelling investment opportunity. Currently boasting five tenants, several of whom have enjoyed long-term occupancy in this location, the property demonstrates strong potential for consistent rental income. Recent upgrades significantly enhance its value and appeal. A newer roof and a recently installed heating system ensure efficient and cost-effective operation. The majority of the flooring has also been recently replaced, contributing to the overall modern and well-maintained condition of the building. The property's strong tenant base, coupled with these recent improvements, makes it an attractive proposition for investors seeking a stable and potentially lucrative return. The asking price is $345,000, and owner financing may be available, making this an even more accessible investment opportunity. This property is ideally suited for an investor seeking a low-maintenance, high-yield addition to their portfolio. The prime Montrose location ensures high visibility and accessibility for tenants, further enhancing its investment potential. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $551,326
    6.5%
    $508,917
    7%
    $472,565
  • Comparable approach

    Method
    Valuation
    Relative Method
    $610,517
    Geo Method
    $247,860
  • Alternative Use

    Use
    Valuation
    Residential
    $631,057
    Hospitality
    $578,044
    Educational
    $480,926
    Medical
    $497,466
    Retail
    $748,107
22 Uncompahgre Ave, Montrose, Colorado

Location Insight

City
Montrose
County
Montrose
State
Colorado
Latitude
38.4808
Longitude
-107.876
CBSA code
33940
CBSA name
MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,068
$8,400
$47,170
$55,570
-
$28,950
$162,660
$191,610

FAQs

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