505 South 2nd Street
Montrose, CO 81401

Description

Incredible investment opportunity in the heart of Montrose, one block off Main street. Close to Montrose Memorial Hospital, and across from Montrose City offices and Colorado Mesa University. Multiple income generating uses possible due to the property's centralized location and large open floor plan. There are two leased, recently remodeled, two bedroom apartments connected to the building. The remodels were extensive including flooring, paint, windows, appliances and more. The property has a basement (square footage of 2562 not included in total) with an operational elevator. There are also two walk in coolers. While the potential uses of this property are many, a couple of obvious ones include, a church facility or conversion to an office or apartment suite complex. A crematorium is available for purchase.

Details

MLS#756824
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1979
Days On Site19

Features

SQ Feet7,885
Story(s)1
Units3
Zoningcommercial

Market Activity 81401

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Area Information

StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$615,000
low | high
Med:
$224,500
100% of Average
SqFt:
7,885
low | high
Med:
1,707
100% of Average
$ / SqFt:
$78
low | high
Med:
$132
18.620124689823% of Average
On Site:
19
low | high
Med:
15
100% of Average
Listing Updated: 05/22/2019
MLS Number: 756824
Listing Provided By:
Roger Lord  of  Shaffer Real Estate



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