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2267 S Townsend Ave 22,750 SF Retail Condo Unit Offered at $2,400,000 in Montrose, CO 81401
INVESTMENT HIGHLIGHTS
- High Traffic
- Long-Term Tenant
- Ample Parking
PROPERTY FACTS Under Contract
| Total Building Size | 22,750 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 22,750 SF |
| Property Subtype | Department Store | Year Built | 1987 |
| Building Class | C | Parking Ratio | 11.74/1,000 SF |
| Zoning | B-2 - Highway Commercial | ||
| Total Building Size | 22,750 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Department Store |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 22,750 SF |
| Year Built | 1987 |
| Parking Ratio | 11.74/1,000 SF |
| Zoning | B-2 - Highway Commercial |
AMENITIES
- 24 Hour Access
- Bus Line
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
1 UNIT AVAILABLE
Unit 2267
| Unit Size | 22,750 SF | Sale Type | Investment |
| Price | $2,400,000 | Sale Status | Under Contract |
| Price Per SF | $105.49 | Cap Rate | 6.83% |
| Condo Use | Retail | NOI | $163,920 |
| Unit Size | 22,750 SF |
| Price | $2,400,000 |
| Price Per SF | $105.49 |
| Condo Use | Retail |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 6.83% |
| NOI | $163,920 |
DESCRIPTION
Large retail space in Montrose is currently available on South Townsend Ave. The 22,750 sq.ft. (MOL) space features large retail area, 2 offices, 2 ADA bathrooms, breakroom, loading dock and ample receiving and storage. Building is situated in the city’s major trade corridor with strong area demographics; highly desirable storefront is conveniently located adjacent to South Townsend/Hwy 550. Property currently leased to Office Depot; lease expires Nov 30, 2028, with option to renew 3 additional years. Central in-line space with Harbor Freight and Big 5 Sporting Goods, presents a rare investment opportunity for a destination store in an established retail center. Impressive visibility, signage and traffic count with 25,000+ daily vehicles. Shopping center features 340+ feet of frontage, a pylon sign and 267 parking spaces. Zoned B-2 in the City of Montrose.
SALE NOTES
The largest retail space in Montrose is currently available on South Townsend Ave. The ~22,750 sq.ft. (MOL) space features large retail area, 2 offices, 2 ADA bathrooms, breakroom, loading dock and ample receiving and storage. Building is situated in the city’s major trade corridor with strong area demographics; highly desirable storefront is conveniently located adjacent to S. Townsend/Hwy 550. Property currently leased to Office Depot; lease expires Nov 30, 2028, with option to renew 3 additional years. Central in-line space with Harbor Freight and Big 5 Sporting Goods, presents a rare investment opportunity for a destination store in an established retail center. Impressive visibility, signage and traffic count with 25,000+ daily vehicles. Shopping center features 340+ feet of frontage, a pylon sign and 267 parking spaces. Zoned B-2 in the City of Montrose.
NEARBY MAJOR RETAILERS
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2267 S Townsend Ave
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