22 Uncompahgre AveMontrose, CO 81401
- Office properties
- 3,000 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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