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509-513 E Main St
Montrose, CO 81401
Montrose Masonic Building: A Piece of History · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,890 SF
Building Class
C
Year Built
1911
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.42
Lot Size
0.43 AC
Zoning
B-1
Frontage
59’ on Main

ABOUT 509-513 E MAIN ST , MONTROSE, CO 81401

An extraordinary opportunity to capitalize on ownership of one of Montrose’s most prestigious landmark buildings. Built with neoclassical architecture in1911, this 14,140 sq.ft. (MOL) icon contains three remodeled commercial units: 509 & 513 E Main: Each 2,800 sq.ft. (MOL) street-level retail spaces—fully leased and remodeled. 511 E Main: The Main Street entrance proceeds upstairs to its second and third story: - Second story: The 6,250 sq.ft. (MOL) is the upscale and historic venue of Montrose. A high-end renovation demands the attention of wedding receptions, formal ceremonies, banquets and performances. Features an event hall with stage on one north end and smaller “The Library” lounge on the south end. Complete with kitchen, commercial- equipped bar, large storage/office and three restrooms. - Third story: The 1,640 sq.ft. (MOL) loft’s two balconies overlook the hall and lounge below. Massive potential as residence or overnight lodging with its three rooms/offices, full bath, lounge and laundry/storage room. The more than century-old building is on the Historic Register and has tons of character and unique features, such as the restored, elegant and stained-glass cupola (dome). Located in the downtown Montrose Business District, the property has high-traffic count and great visibility. This building has it all for both investor and end-user. Delivering the buyer a spectrum of commercial opportunities from classy retail showroom or gallery to regional event destination. Incredible tax break with Opportunity Zone designation! *FOR MORE INFORMATION: DOWNLOAD EXECUTIVE SUMMARY BY CLICKING ON LINK BELOW*

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R0650596
Land Assessment
$19,690
Improvements Assessment
$181,550
Total Assessment
$201,240
  • Listing ID: 14381324

  • Date on Market: 11/14/2018

  • Last Updated:

  • Address: 509-513 E Main St, Montrose, CO 81401

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