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Grand Ave - Lot 7 Colorado Outdoors 4.5 Acres of Commercial Land Offered at $2,810,000 in Montrose, CO 81401

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Investment Highlights

Qualified Opportunity Zone (QOZ)
City of Montrose incentives available
$2M river trail completed through the property

Tax Increment Financing (TIF) district in place
Upsized utilities in place including 3-phase power, fiber optic, water, sewer, and gas
$1.6M river restoration completed within the property for gold medal trout fishing

Executive Summary

Lot 7 in the Colorado Outdoors campus is a shovel-ready lot and is available for sale or build-to-suit opportunities. Water, sewer, gas, three-phase power, and fiber optic are installed to the lot line. The building design is fully permitted for a new 77,000 SF facility. The property is centrally located within the project, and across the street from the newly restored Uncompahgre River and several new buildings. The lot is in close proximity to the new Fairfield by Marriott hotel and several other businesses. The land is located entirely within a federally Qualified Opportunity Zone (QOZ). Zoned I-1 light industrial with conditional uses by right including residential and multi-family. The Colorado Outdoors project is fully master-planned and entitled with $14M of infrastructure in place including a river trail. Tax Increment Financing (TIF) district is set up for the project which allows for Owner/Developer incentives.

Colorado Outdoors Brochure

Montrose Named as Nations Top-25 Micropolitan

Property Facts

Price	$2,810,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Industrial Retail Office Mixed Use Multifamily Hospitality Apartment Units Bank Community Center Convenience Store Department Store Distribution Drugstore Fast Food General Freestanding Healthcare Health Club Hotel Industrial Live or Work Unit Industrial Park Master Planned Community Medical Motel Movie Theater Office Park Planned Unit Development Research and Development Regional Mall Restaurant Retail Warehouse Single Family Development Specialty, Festival or Entertainment Storefront Storefront, Retail or Office Storefront, Retail or Residential Strip Center Supermarket Warehouse
Sale Conditions	Build to Suit Lease Option	Total Lot Size	4.50 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	Mixed Use

Price	$2,810,000
Sale Type	Investment
Sale Conditions	Build to Suit Lease Option
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Industrial Retail Office Mixed Use Multifamily Hospitality Apartment Units Bank Community Center Convenience Store Department Store Distribution Drugstore Fast Food General Freestanding Healthcare Health Club Hotel Industrial Live or Work Unit Industrial Park Master Planned Community Medical Motel Movie Theater Office Park Planned Unit Development Research and Development Regional Mall Restaurant Retail Warehouse Single Family Development Specialty, Festival or Entertainment Storefront Storefront, Retail or Office Storefront, Retail or Residential Strip Center Supermarket Warehouse
Total Lot Size	4.50 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Mixed Use

1 Lot Available

Lot 7

Price	$2,810,000	Lot Size	4.50 AC
Price Per AC	$624,444.44

Price	$2,810,000
Price Per AC	$624,444.44
Lot Size	4.50 AC

Shovel-ready lot for a new warehouse in the award-winning, Colorado Outdoors development. The project sits along the Uncompahgre River and is situated within a Qualified Opportunity Zone. The building is fully designed and permitted.

Description

Lot 7 in the Colorado Outdoors campus is a shovel-ready lot and is available for sale or build-to-suit opportunities. Water, sewer, and fiber are installed to the lot and it is located just across the street from the newly restored, Uncompahgre River. The award-winning Colorado Outdoors project is a 160-acre mixed-use development project located in Montrose, Colorado. The project's mission is to transform Montrose into a compelling destination for business, with a focus on the revitalization of the famed Uncompahgre river corridor. More information can be found at coloradooutdoors.co