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$ 949,500
Est. payment /mo
Active
33 & 35 N Uncompahgre & 430 N. 1st Street Montrose, CO 81401
5 Baths
9,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,500 sqft
Price per Sqft $99
MLS Listing ID 824709
Tax Year 2025
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Multi-Use
Property Description
Turn-Key Downtown Montrose Investment | 5.92% Cap Rate 33 & 35 N. Uncompahgre Ave. + 430 N. 1st St | Montrose, CO 81401 Offered at $949,500 | Zoned B-1 | Fully Leased | 8% Cap Rate Exceptional opportunity to acquire a fully occupied, cash-flowing commercial property in the heart of historic downtown Montrose. This three-unit portfolio includes two street-facing buildings (33 & 35 N. Uncompahgre) and a rear-access unit (430 N. 1st), all under long-term leases with established tenants. This corner-lot property is zoned B-1, offering flexibility for retail, office, or mixed-use occupancy in the future. Located within the Opportunity Zone, this asset offers potential tax advantages and long-term upside. Investment Highlights: - Three fully leased units with strong rental history - 6.2% Cap Rate | Immediate cash flow - Zoned B-1 (Central Business District) - High visibility location with strong pedestrian and vehicle traffic - Located in Montrose's Opportunity Zone - Individually metered units with private entrances - Low maintenance investment with upside potential
Location
State CO
County Montrose
Interior
Heating Electric, Natural Gas
Flooring Carpet, Wood
Equipment Commercial Kitchen Equipment
Furnishings Partially Furnished
Exterior
Roof Type Membrane
Building
Story 1
Foundation Brick, Slab
New Construction No
Listed by Keller Williams Realty Southwest Associates, LLC - Montrose
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