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1047 N 1st St 1,308 SF Office Building Montrose, CO 81401 $570,000 ($435.78/SF)
INVESTMENT HIGHLIGHTS
- Prime Downtown Location
EXECUTIVE SUMMARY
Prime Downtown Montrose Restaurant Property – Turnkey Opportunity for Restaurateurs or Investors Meticulously maintained and thoughtfully updated, this 1308± sq ft restaurant building sits on a double lot in the heart of Downtown Montrose, Colorado. Zoned B4, this property offers exceptional versatility and investment potential. The building features a fully equipped commercial kitchen, indoor dining area, and outdoor patio seating on both the front and side—perfect for Colorado’s sunny seasons. Two large outdoor sheds provide ample storage, including one equipped with multiple refrigerators and freezers. There’s also plenty of space in the back to park a trailer or expand the footprint for future growth. Currently home to the beloved Lighthouse Eatery, Home of the Famous Green Chili Breakfast Burrito and Homemade Bear Paw Bread, a long-standing Montrose dining favorite for nearly 12 years, this property is ideally situated just steps from Main Street, boutique shops, galleries, and local theaters. It benefits from strong foot traffic, staff parking behind the building, and abundant public parking nearby. With high visibility, a thriving tourism-driven market near the Black Canyon of the Gunnison National Park, and easy access to Montrose’s many outdoor venues, this property presents a strategic opportunity for restaurateurs, developers, or investors looking to thrive in Western Colorado’s fastest-growing market.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Building Size
1,308 SF
Building Class
C
Year Built
1946
Price
$570,000
Price Per SF
$435.78
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,308 SF
Building FAR
0.21
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
R-4
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | R0003394 | Improvements Assessment | $31,420 |
| Land Assessment | $13,790 | Total Assessment | $45,210 |
PROPERTY TAXES
Parcel Number
R0003394
Land Assessment
$13,790
Improvements Assessment
$31,420
Total Assessment
$45,210
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1047 N 1st St
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