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1020 S Townsend Ave
Montrose, CO 81401
Retail Property For Sale
EXECUTIVE SUMMARY
Exceptional opportunity to own a fully leased commercial building in the heart of downtown Montrose. This well-maintained property features three individual units, two of them occupied by stable, active tenants on long-term lease agreements, providing immediate and consistent income for investors. Strategically positioned in a high-visibility location, the building benefits from heavy foot and vehicle traffic, making it ideal for a variety of retail or professional service tenants. The surrounding area boasts a vibrant mix of businesses, restaurants, and amenities, further enhancing tenant appeal and long-term occupancy potential. Key Highlights: Three units with strong tenant history, High cap rate – attractive return on investment, and Outstanding visibility and signage opportunities. Central downtown location – walkable, accessible, and desirable. Professionally managed and well-maintained. This is a rare chance to acquire a cash-flowing asset in one of the most sought-after locations in the city. Perfect for investors seeking stable returns and long-term appreciation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,231 SF
Building Class
C
Year Built
1964
Price
$600,000
Price Per SF
$268.94
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.26 AC
Zoning
B-2 - Sec. 4-4-13. "B-2" Highway Commercial District.
(A) Intent. The "B-2" Highway Commercial District is intended to provide for business oriented toward
PROPERTY TAXES
| Parcel Number | R0650944 | Improvements Assessment | $56,590 |
| Land Assessment | $39,500 | Total Assessment | $96,090 |
PROPERTY TAXES
Parcel Number
R0650944
Land Assessment
$39,500
Improvements Assessment
$56,590
Total Assessment
$96,090
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