21049 Uncompahgre RdMontrose, CO 81403

Property Details for 21049 Uncompahgre Rd

Year built

1915

Construction

WOOD

Lot size

2.21 AC

Property size (Sq ft)

4,999 SF

Property type

Hospitality properties

Property subtype

Bed & breakfasts

APN

3993-362-01-023

APU

399336201023

Description

This exceptional 9,420-square-foot retail property, currently vacant, presents a unique investment opportunity in Montrose, Colorado. Situated on a 2.21-acre lot (87,356 square feet), this three-story building boasts a rich history, having been constructed in 1915 and renovated in 1993. The property is zoned for General Agricultural District “A,” offering flexibility for various uses. The single-tenant building presents a blank canvas for adaptive reuse, particularly well-suited for projects such as addiction treatment centers or wellness and mental health retreats, as previously suggested. The substantial size and ample land provide significant potential for expansion or development. The property's location in Montrose County, Colorado, offers access to a growing community and attractive natural surroundings. With its considerable square footage and prime location, this property represents a compelling opportunity for investors seeking a unique and versatile asset in a desirable market. The existing structure provides a solid foundation for a new venture, while the expansive lot allows for future growth and development. The property's history adds character and charm, making it an attractive proposition for businesses seeking a distinctive presence in Montrose. All interested parties are encouraged to conduct their own due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $1,043,483

  6.5%

  $963,215

  7%

  $894,414

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,390,712

  Geo Method

  $970,591

• Alternative Use

  Use

  Valuation

  Residential

  $1,051,551

  Hospitality

  $963,215

  Educational

  $801,383

  Medical

  $828,944

  Retail

  $1,246,596

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.3775

Longitude

-107.816

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].