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505 S 2nd St
Montrose, CO 81401
Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Funeral Home
Building Size
10,440 SF
Building Class
C
Year Built
1979
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.83
Lot Size
0.29 AC
Zoning
B-1 - Business
Parking
22 Spaces (2.11 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

About 505 S 2ND ST , MONTROSE, CO 81401

Primary use since construction has been a funeral home. Montrose is in need of an additional Funeral home operation. 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 for an additional sum.

Property Taxes

Property Taxes

Parcel Number
R0650615
Land Assessment
$17,330
Improvements Assessment
$139,800
Total Assessment
$157,130
  • Listing ID: 16040595

  • Date on Market: 5/14/2019

  • Last Updated:

  • Address: 505 S 2nd St, Montrose, CO 81401

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